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Home > Stock Market Updates > Market Saver - 01/07/2024
Podcast: Stock Market Updates
Episode:

Market Saver - 01/07/2024
Category: Business
Duration: 00:02:09
Publish Date: 2024-07-01 03:25:48
Description: U.S. stocks slipped Friday as traders digested fresh economic data that indicated slowing inflation, as well as better-than-expected consumer sentiment figures. Traders are rearranging their positions in the aftermath of the debate between Joe Biden and Donald Trump. Biden’s shaky performance boosted sentiment around Trump’s odds for securing a second term in the White House. India’s core sector growth eased to 6.3% in May, against the revised figure of 6.7% for the previous month, due to further contraction in the cement industry even as coal and electricity recorded higher output. Focus in the coming week will be on comments from Fed officials, chiefly Chairman Jerome Powell, who is set to speak at the European Central Bank’s annual forum in Portugal on Tuesday Asia-Pacific markets started the second half of the year mixed as investors assessed June business activity data from China as well as Japan’s business confidence readings. Gail advances its net zero emissions target by five years Poly Medicure board approved to raise up to Rs 1000 crore through QIP Wockhardt announced successful use of Investigational Anti-biotic Nifty ended slightly lower on June 28 forming a minor bearish pattern. For the month, Nifty gained 6.57% - the largest monthly gain in 6 months. Nifty could face resistance from the 24174-24380 band while support could come in at 23338 in the near term. Nifty keeps defying all expectations of giving even a small correction. Indian markets could open flat, in line with muted Asian markets today and lower US markets on June 28
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