Stock Market Today: Nifty, Sensex Trade Mixed At Pre-Open

At pre-open, the NSE Nifty 50 was trading 0.05% or 14.45 points down at 25,003.35, and the BSE Sensex was trading 0.03% or 24.36 points higher at 82,354.92.

Yield On The 10-Year Bond Opens Flat

  • The yield on the 10-year bond opened flat at 6.28%

Source: Bloomberg

Rupee Opens Stronger Against US Dollar

  • Rupee opened 12 paise stronger at 85.44 against US Dollar

  • It closed at 85.52 a dollar on Friday

Source: Bloomberg

Robust Summer, Cooling Barley Prices To Drive United Spirits’ Growth

United Spirits Ltd. is set to announce its financial results for the January–March quarter on Tuesday, with brokerages remaining bullish and naming it among their top picks within the discretionary space.

According to the brokerages, India’s alcoholic beverages sector is poised for strong growth, underpinned by favourable regulatory developments, easing input costs, and buoyant demand, particularly in the premium segment.

Read the full article here.

Oil Prices Decline On Demand Worries

Oil prices declined in Asia session as traders worry about the commodity’s demand outlook after Moody’s downgraded US’s credit rating. The brent future was trading 0.18% down at $65.29 a barrel as of 8:24 a.m.

Asia Market Update: Trade In Loss Amid US Rating Downgrade

Markets in Asia-Pacific region were trading lower Monday morning amid a US rating downgrade. The Nikkei 225 and CSI 300 were trading 0.45% and 0.43% down, respectively as of 7:58 a.m.

US Market Update: Share Indices Rise 

US share indices ended higher on Friday despite giving up some gains in the late hours as Moody’s downgraded US’s rating.

On Friday, the Dow Jones Industrial Average rose 0.78% at 42,654.74, the S&P 500 rose 0.70% at 5,958.38, and the Nasdaq Composite rose 0.52% at 19,211.10.

GIFT Nifty Implies Flat Open; RVNL, Sun Pharma, Shipping Corp In Focus

The GIFT Nifty was trading 0.27% or 67 points down at 25,064.50 as of 6:54 a.m., which implied 46 points higher open for the Nifty 50 index.

Traders will focus on Divi’s Laboratories Ltd., Premier Energies Ltd., KEC International Ltd., Shipping Corp of India, and Sun Pharmaceutical Industries share prices because of the earning released last week.

The NSE Nifty 50 closed 42.30 points or 0.17% lower at 25,019.8 and the BSE Sensex ended 200.15 points 0.24% lower at 82,330.59.

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