Nifty and Sensex finished at fresh highs, gaining more than 0.7% for the day following a strong bullish trend. Dow and Nasdaq futures are trading lower.
Brent Crude: 75.94 0.70%
USD INR Spot: 81.863 -0.219%
India 10Y Bond yield: 7.12 0.14%
Nifty 50 market breadth
More stats at: stocks.zerodha.com
Amongst the F&O stocks
L&T Finance Holdings was the top gainer.
Persistent Systems was the top loser.
India’s manufacturing activity expanded strongly in June, driven by robust domestic and international demand. The PMI for manufacturing fell to 57.8 in June from 58.7 in May, but remained above 50 for two consecutive years, indicating continued growth.
India’s unemployment rate exceeded 8% for the third time this year, mainly due to seasonal joblessness in rural areas. The rate rose to 8.45% in June from 7.68% in the previous month, with rural India reaching a two-year high of 8.73%.
Zee Entertainment and IndusInd Bank have resolved dues, resulting in the disposal of the appeal by NCLAT. They are to pay the interim resolution professional’s cost, and the NCLAT has reversed the NCLT’s insolvency admission order for ZEEL.
India’s June gross GST revenue collection rose 12% YoY to Rs 1,61,497 crore, marking the fourth time exceeding Rs 1.6 lakh crore, the 16th consecutive month over Rs 1.4 lakh crore, and the seventh time surpassing Rs 1.5 lakh crore since GST’s inception.
June diesel sales dropped 3.7% YoY to 7.1 million tonnes, while petrol sales rose 3.4% to 2.9 million tonnes.
Bank investments in government securities surged by 15.2% YoY to Rs 57.83 lakh crore as of June 16, driven by attractive higher yields, as per RBI data.