Kolkata: With the cues are a bit mixed for the Indian equity market today (June 30), it remains to be seen whether Sensex and Nifty can maintain their positive momentum today, which will be the fifth day on the trot in the green. While all the major US (Dow Jones Futures, S&P500 and Nasdaq) and European indices (FTSE, CAC and DAX) closed in the green on Friday, GIFT Nifty was marginally down this morning (0.04% at 7:30 am). Among the Asian major indices the crucial Nikkei 225 was more than 1.5% up. KOSPI and China’s Shanghai Composite were also in the green.
However, other key Asian indices such as Straits Times, Hang Seng, Taiwan Weighted were in the red. Therefore, it remains to be seen whether the markets open in the green or whether investors try to book profits after four days of gain in these volatile times.
Sensex, Nifty on Friday
The benchmark indices kept up their momentum for the fourth consecutive day to close in the green. Investors are hoping that the US tariff deadline will be extended. Now the tariffs are set to kick in on July 8, when the 90-day suspension ends.
On Friday but for IT and realty, all other sectoral indices ended in the green with capital goods, healthcare, oil & gas, power, telecom, PSU Bank rising between 0.5% and 1%. At the end of the day Sensex rose 303.03 points (or 0.36%) and closed at 84,058.90 points, while Nifty jumped 88.80 points (or 0.35%) to settle at 25,637.80. In the Sensex basket, Asian Paints (3.06%), Ultratech (2.43%) and Power Grid (2.11%) were the prominent gainers while Trent (1.42%), Eternal (1.13%) and Tech Mahindra (0.93%) were the main laggards. BSE Mid Cap and Small Cap indices gained 0.38% and 0.54% respectively.
AUM Capital noted that India imposed anti-dumping duties on plastic processing machinery imported from China and Taiwan, which ranges between 27% and 63% and the move is designed to safeguard the domestic manufacturing sector from unfair trade practices.
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