Friday, Jun 02, 2023 | New Delhi 31*C

Share Market Opening Bell : Strong opening for Indian stock market, Sensex opened at 76679

Share Market Opening Bell: The opening of business in the Indian stock market today on Wednesday is seen in a strong condition. In the previous session on Tuesday, the stock market was dull and the trading closed flat.

Share Market Opening Bell: Today Wednesday, the opening of business in the Indian stock market is seen in a strong condition. The Sensex opened 222 points higher at 76679 while the Nifty opened 0.34 percent higher by 79 points at 23344.

In the previous session, the stock market was subdued on Tuesday and the trading closed flat. Sensex closed down 33 points at 76,456 and Nifty up 5 points at 23,264.

Stock Market Opening (12 June 2024)

  • SENSEX : 76,679.11  +222.52  
  • NIFTY : 23,344.45 +79.60  

State of global markets

The S&P 500 index and the Nasdaq closed at record highs yesterday ahead of Fed meeting decisions. This increase in both indices was reflected in Apple's increase of 6%. The stock also managed to hit new record highs after a big AI-related announcement at the developer conference. The S&P 500 index closed up more than a quarter percent. The Nasdaq gained 0.88%. The Dow Jones closed down 0.31%. Nvidia saw profit booking.

Talking about Asian markets, mixed business is seen here today. India and China will release inflation rate figures for the month of May today. China's inflation rate is expected to increase marginally to 0.4% from 0.3%. Whereas, India's inflation rate is also expected to reach 4.89% as against 4.83%. Japan's Nikkei index was seen trading down 0.65%. South Korea's Kospi index rose a quarter of a percent. The Hans Sang index is also showing signs of weakness.

Other signals for the market

  1. Crude Oil: Crude oil futures rose on outlook of strong demand from OPEC. It rose 2% on Monday. After this there was a boom yesterday. With this, the decline of last week has now been offset. The July contract for WTI crude oil is around $77.90 per barrel and the August contract for Brent crude is around $82 per barrel. OPEC estimates that crude oil demand could increase by 2.2 million barrels per day in 2024 and by 1.8 million barrels in 2025.
  2. Gold shines: Gold prices are rising in the international market ahead of inflation data. Spot gold rose 0.1% to $2,312.70 a barrel. While there was no change in American gold futures.
  3. Fed meeting: US bond yields fell after the start of the day's monetary policy meeting. The 10-year US bond yield fell 7 basis points to 4.398% and the 2-year US bond yield fell 6 basis points to 4.83%.

Statistics of FIIs-DII

Foreign institutional investors posted net selling in the cash market on Tuesday. While domestic institutional investors have bought heavily. The difference in figures is due to block deals in IndiGo, Honasa Consumer and IRB Infra. FIIs sold shares worth ₹111 crore in the cash market yesterday while DIIs bought shares worth ₹3,193 crore in the cash market on the day.

Download App from

Cryptocurrency News

Bitcoin Price
₹ 23,15,263 -2.89%
Bitcoin Price
₹ 23,15,263 +2.89%
Bitcoin Price
₹ 23,15,263 +2.89%