wrapper

Breaking News

Has no content to show!
The benchmark indices pared most of their day's gains to end marginally higher on Friday tracking recovery in the global markets.
The S&P BSE Sensex ended at 35,658, up 83 points while the broader Nifty50 index settled at 10,773, up 23 points.
 

Among sectoral indices, the Nifty Auto index settled over 1% led by rise in the stocks of Ashok Leyland, Hero MotoCorp and Tata Motors.

GLOBAL MARKETS

The imposition of tariffs by the United States and China on billions of dollars of trade was absorbed calmly by markets on Friday with stocks edging higher and the euro climbing a three-week peak, but concerns about the conflict escalating capped gains.

Chinese shares led a recovery by Asian market, partly helped by the perception that the tariff measures were already priced in though worries about what lay ahead for global markets boosted appetite for perceived safe-haven assets such as government debt and the Japanese yen.
 
The US tariffs on more than 800 goods from China worth $34 billion took effect at 0401 GMT. President Donald Trump has warned the United States may ultimately target over $500 billion worth of Chinese goods, an amount that roughly matches its total imports from China last year.

World stocks rose 0.2 per cent to their highest level in a week while Asian stocks climbed nearly half a percent led by a rebound in Chinese shares.

MSCI’s main European Index edged 0.1 per cent higher and held below a two-week high hit in the previous session amid hopes of a rapprochement between the US and Europe on auto trade tariffs.

RUPEE

The rupee recovered 21 paise from intra-day low of 69.03 to trade at 68.82 against the US dollar in late morning deals. As the US is set to impose tariffs on Chinese goods today and sustained foreign capital outflows pressured the sentiment, the rupee fell sharply to 69.03 a dollar before quoting 68.82.

(with wire inputs)

  • 03:40 PM

    Nifty Auto index ended 1.3% higher today. Top gainers:

    COMPANY LATEST PREV CLOSE GAIN() GAIN(%)
    ASHOK LEYLAND 132.30 125.00 7.30 5.84
    HERO MOTOCORP 3637.10 3505.75 131.35 3.75
    APOLLO TYRES 261.50 252.05 9.45 3.75
    TATA MOTORS 270.85 261.55 9.30 3.56
    BHARAT FORGE 632.35 615.20 17.15 2.79
     
  • 03:37 PM

    Nifty sectoral performers

  • 03:35 PM

    BSE Sensex: Hero MotoCorp, Tata Motors, Bajaj Auto among top gainers

     
Last modified on Friday, 06 July 2018

Leave a comment

About Us

Wealthbuilder.co.in is design and developed to provide quality trading and investment recommendations & guidance for trading in the Indian Stock Market.

Wealthbuilder.co.in attempts to deliver a value driven service to the investing community by bringing together a powerful mix of expert advice, stock news and analysis.

Contact Information

 

Brand Partners