The 10-year US Treasury yield dropped to the lowest in three weeks after the US economy added fewer jobs than expected as the unemployment rate ticked higher.
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Stock Market Live: After trading in green for initial hours of trade, the Indian benchmark indices eroded gains to close near flatline. Sensex inched 17.39 points, or 0.02 per cent higher at 73,895.54 while Nifty inched 33.15 points, or 0.15 per cent lower at 22,442.70.
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The indices, early today, made a gap-up start on Monday amid positive cues from Wall Street after higher-than-expected unemployment data. BSE Sensex opened 340.91, or 0.46 per cent higher at 74,219.10 while Nifty inched 85.80 points, or 0.38 per cent higher at 22,651.60.
Among sectoral indices, auto, IT, pharma, FMCG, Realty, healthcare remained in green whereas PSU Bank, metal, energy, media are trading in red. The market is also reacting to earnings report released during the weekend. Britannia shares are top nifty gainer, while shares of Titan fell the most post Q4 results.
During the initial hours of trade, PSU shares reported a sharp fall as all components of Nifty PSE trading in the red. The index is trading 343.40 pints, or 3.44 per cent lower at 9,914.35.
‘Since PSU banks have higher exposure to corporate and infrastructure loans, it will hurt their margins if the norms are implemented. That’s why state-owned banks are reacting negatively,’ Siddhartha Khemka, Head – Retail Research at Motilal Oswal Financial Services, said.
Similarly, GIFT Nifty is trading 53.50 points, or 0.24 per cent up at 22,654.50. It gained 94.50 points, or 0.42 per cent higher at 22,675.50 at the time of opening bell.
The broader markets, however, exhibited weaker trends with Nifty Midcap 100 declining as much as 300 pts to trade near 50,600 mark. Nifty Smallcap 100 also inched 1.50 per cent lower at 16,683.15.
The rupee fell 5 paise to close at 83.50 against US dollar. In the early trade, the rupee appreciated 3 paise to 83.42 against the US dollar. The Indian currency, on Friday, had inched up 1 paisa to settle at 83.45 against the US dollar. Read less
The 10-year US Treasury yield dropped to the lowest in three weeks after the US economy added fewer jobs than expected as the unemployment rate ticked higher.
Stock Market Live Updates: Sensex, Nifty wipe-out all intraday gains
Share Market Live Updates: Sensex inched 17.39 points, or 0.02 per cent in green at 73,895.54 while Nifty inched 33.15 points, or 0.15 per cent lower at 22,442.70.
Stock Market Live Updates: Energy Mission Machineries IPO to open on May 9, details here
Share Market Live Updates: Energy Mission Machineries (India) Ltd said it has fixed the price band at Rs 131-138 per equity share for its initial public offering which will hit the capital market on Thursday to raise around Rs 41 crore.
monthly limit of free stories.
with an Express account.
The company's shares will be listed on NSE SME's platform, Emerge, it said in a statement.
The public offer is entirely a fresh issue of 29.82 lakh Equity shares of Rs 10 face value and no Offer for Sale component.
Stock Market Live Updates: Analyst explains reason for PSU shares decline
Share Market Live Updates: 'Since PSU banks have higher exposure to corporate and infrastructure loans, it will hurt their margins if the norms are implemented. That's why state-owned banks are reacting negatively,' Siddhartha Khemka, Head, Retail Research at Motilal Oswal Financial Services, said.
'At near record highs and with results mostly justifying elevated valuations, there is some bit of profit booking which is normal,' he added.
-From Reuters
Stock Market Live Updates: Analyst's take on gold outlook
Share Market Live Updates: "Investors will look at the political situation in the Middle East and how the ongoing negotiations for a ceasefire play out. If the hopes of a truce become lesser, gold will gain," said Kelvin Wong, a senior market analyst for Asia Pacific at OANDA.
-From Reuters
Stock Market Live Updates: Gold, Silver futures inch higher
Share Market Live Updates: MCX Gold futures for June expiry inched 0.82 per cent higher at 71,246.00 for 10 grams while MCX Silver futures for July expiry inched 1.77 per cent to 82,479.00.
Stock Market Live Updates: Why oil prices inched high today?, Analyst explains
Share Market Live Updates: "News that Israel wants to go ahead and extend its operation into Rafah, risks derailing a potential ceasefire agreement and reigniting Middle Eastern geopolitical tensions which had appeared to be easing," IG markets analyst Tony Sycamore said.
With most of the long positions in oil cleared last week, the risks appear to be for WTI prices to rebound back towards $80 in the early part of this week, he added.
-From Reuters
Stock Market Live Updates: Britannia shares advance 8%
Share Market Live Updates: The shares of the FMCG company are trading 8 per cent higher, leading it to become the top Nifty 50 gainer at this hour. The stock is contributing 9.8 points towards the index upside.
Stock Market Live Updates: Analyst explains reason for PSU shares decline
Share Market Live Updates: 'Since PSU banks have higher exposure to corporate and infrastructure loans, it will hurt their margins if the norms are implemented. That's why state-owned banks are reacting negatively,' Siddhartha Khemka, Head - Retail Research at Motilal Oswal Financial Services, said.
'At near record highs and with results mostly justifying elevated valuations, there is some bit of profit booking which is normal,' he added.
-From Reuters
Stock Market Live Updates: Paytm shares decline 5% after COO resigns
Share Market Live Updates: Shares of One97 Communications, Paytm's parent company, declined 5 per cent after its President and chief operating officer Bhavesh Gupta resigned.
The fintech firms' stock tanked 4.99 per cent to Rs 351.70, its lower circuit limit, on the BSE.
On the NSE, it dropped 5 per cent to Rs 351.40, the lowest trading permissible limit for the day.
Stock Market Live Updates: Kotak Mahindra Bank shares climb nearly 5% after Q4 earnings
Share Market Live Updates: Shares of Kotak Mahindra Bank on Monday (May 6) rallied nearly 5 per cent after the company reported a 25 per cent growth in its net profit for the quarter that ended in March.
On the BSE, the stock climbed 4.85 per cent to Rs 1,622.35. On the NSE, it jumped 4.90 per cent to Rs 1,622.50.
Stock Market Live Updates: Crude oil inch higher after Saudi Arabia hike prices
Share Market Live Updates: Crude oil futures edged up after Saudi Arabia hiked June crude prices for most regions.
Saudi Arabia raised the official selling prices (OSPs) for its crude sold to Asia, Northwest Europe and the Mediterranean regions.
Brent crude futures climbed 29 cents, or 0.35 per cent, to $83.25 a barrel while US West Texas Intermediate crude futures were at $78.41 a barrel, up 30 cents, or 0.38 per cent.
Stock Market Live Updates: Smallcap and Midcap indices in red as Sensex, Nifty trade in green
Share Market Live Updates: The broader markets, however, exhibited weaker trends with Nifty Midcap 100 declining as much as 300 pts to trade near 50,600 mark. Nifty Smallcap 100 also inched 1.10 per cent lower at 16,769.80.
Stock Market Live Updates: Top gainers and losers
Share Market Live Updates: Tata Consultancy Services, JSW Steel, IndusInd Bank, ICICI Bank, Wipro and Axis Bank were among the other major gainers in today's session.
Titan, State Bank of India, Power Grid and Larsen & Toubro were the laggards.
Stock Market Live Updates: Nifty PSE slips 3%
Share Market Live Updates: PSU shares reported a sharp fall as all components of Nifty PSE trading in the red. The index is trading 343.40 pints, or 3.44 per cent lower at 9,914.35.
Top laggards:
> Power Finance, 10.71 per cent lower at 429.00
> Coal India, 5.42 per cent down at 448.90
> BHEL, 6.80 per cent lower at 284.25
> IRCTC, 3.62 per cent lower at 1,014.30
Stock Market Live Updates: Amid positive global cues, benchmark indices opened higher
Share Market Live Updates: BSE Sensex opened 340.91, or 0.46 per cent higher at 74,219.10 while Nifty inched 85.80 points, or 0.38 per cent higher at 22,651.60.
Global risk sentiment rebounded, primarily due to weaker-than-expected US job data, OCBC analysts said in a note, as reported by Reuters.
Stock Market Live Updates: Check biggest sectoral gainers and losers
Share Market Live Updates: Among sectoral indices, auto, IT, pharma, FMCG, Realty, healthcare remained in green whereas PSU Bank, metal, energy, media are trading in red.
Stock Market Live: Rupee opens flat against US dollar
Share Market Live: The Indian rupee opened flat at 83.42 against US dollar vs Friday's close.