OPEN APP
Home >Markets >Live Blog >Sensex down 19 pts at close, Nifty at 15,818; auto, IT, PSU banks top drags

Sensex down 19 pts at close, Nifty at 15,818; auto, IT, PSU banks top drags

Market closing: Sensex, Nifty shed day's gains to close over 0.04% lower on Tuesday. (REUTERS)Premium
Market closing: Sensex, Nifty shed day's gains to close over 0.04% lower on Tuesday. (REUTERS)

  • Market closing: The Sensex closed at 52,861.18, down 18.82 points, or 0.04%, while Nifty was at 15,818.25, down 16.10 points, or 0.10%. Auto, FMCG, IT, metals and pharma were top drags.

Benchmark indian equity indices closed in red after touching record highs during day's trade. The Sensex reached a new high of 53129.37, before closing 0.04% lower on Tuesday. Meanwhile, the Nifty crossed the 15,900-mark yet again only to close 0.10% lower. Asian markets were mixed at closing on Tuesday. Oil jumped to a six-year high after a fight between Saudi Arabia and the United Arab Emirates blocked an oil-supply increase and threatened the stability of the Opec+ alliance. All eyes will be on the latest minutes of the Fed's meeting, due Wednesday, which will shed a light on its hawkish pivot last month.

06 Jul 2021, 03:47:08 PM IST

Market closing

The Sensex closed at 52,861.18, down 18.82 points, or 0.04%, while Nifty was at 15,818.25, down 16.10 points, or 0.10%. Auto, FMCG, IT, metals and pharma were top drags. On the 30-share Sensex, UltraTech, HDFC Bank, Bajaj Finance, and seven other stocks closed in green, while Tech Mahindra, TCS, Maruti, and 17 other stocks closed in red.

Sensex at close
View Full Image
Sensex at close
06 Jul 2021, 03:29:23 PM IST

GST collections in June fall below ₹1 lakh crore for first time after 8 months

The Gross Goods and Services Tax collection for the month of June stood at 92,849 crore, first fall from 1 lakh crore-mark in 8 months, since September 2020. Of the gross collections, CGST stands at 16,424 crore, SGST is 20,397, IGST is 49,079 crore (including 25,762 crore collected on import of goods) and Cess is 6,949 crore (including 809 crore collected on import of goods), the Ministry of Finance said in a statement. (Read here)

06 Jul 2021, 03:24:31 PM IST

Auto, IT, PSU Banks top drags

Nifty sectoral indices
View Full Image
Nifty sectoral indices
06 Jul 2021, 03:19:14 PM IST

74% of Indian firms plan to divest non-core assets in next 24 months: survey

The continuing effects of the covid-19 pandemic are providing an impetus to companies to focus on divesting non-core assets with 74% of the companies surveyed by the EY India Corporate Divestment Study saying that they plan to divest in the next 24 months. (Read here)

06 Jul 2021, 03:07:43 PM IST

Narendra Solanki, head-Equity Research (Fundamental), Anand Rathi Shares & Stock Brokers on market performance.

“Indian markets started on a positive note despite mixed Asian market cues as oil prices surged to multiyear highs after Opec+ talks abandoned and Australia's central bank flagged some tapering in its quantitative easing programme. During the afternoon session markets maintained their upward momentum with key indices like Nifty50 traded near to its all-time highs following gains in basic materials, banks and power stocks. Sentiments remained positive as private report stated that the business resumption activity continued to increase for the sixth straight week after the second wave-induced lockdowns started getting lifted. During the closing session markets sold off and momentarily traded in red led by auto, IT and pharma sector while banks and financials continued to remain strong."

06 Jul 2021, 03:02:50 PM IST

Prathamesh Mallya, AVP- Research, Non-Agri Commodities and Currencies, Angel Broking on crude oil

"Most US markets were closed on Monday in observance of Independence Day.

On the first trading day of the week, Brent WTI Crude prices rose over 0.4% to close at $79.2 per barrel after the OPEC failed to reach an agreement in the ongoing meet. The Oil exporting group called off the meeting without any deal on the production stance in the months ahead after UAE objected to the easing production cuts and extending the output cuts. Oil prices gained on bets on no additional Oil supply by OPEC and its allies after the earlier reports suggested unwinding of the production curbs infused in 2020 following the recovery in global demand. However, worries over tighter pandemic led curbs in Asia, Australia and Europe following the increase in the Delta variant cases capped the gains for crude."

06 Jul 2021, 02:46:24 PM IST

Tata Motors trades lower

In a guidance on Jaguar Land Rover (JLR), Tat Motors said that it expects "to report a cash outflow of about £1 billion with a negative EBIT margin for the [second] quarter." The company expects wholesale volumes to be 50% lower than anticipated owing to chip shortages being higher in Q2FY22 than in Q1.

06 Jul 2021, 02:38:53 PM IST

IIFL Home Finance NCD to open on 6 July; close 28 July

IIFL Home Finance Ltd's non-convertible debenture issue will open on 6 July and close on 28 July. The issue, which has been rated AA, will offer an effective yield in the range of 9-10%. Tranche one issue includes a base issue size for 100 crore with a greenshoe of up to 900 crore, aggregating up to 1,000 crore. The total shelf size/shelf limit is at 5000 crore, IIFL Home said in a release. (Read here)

06 Jul 2021, 02:27:32 PM IST

Glass Lewis recommends vote against Adani director over Australian project

Proxy advisory firm Glass Lewis has recommended shareholders in Adani Enterprises Ltd vote out a member of the board's risk committee. Glass Lewis said it was making the recommendation after an Australian court in August found that Adani Abbot Point Terminal Pty. Ltd, a coal export terminal in the state of Queensland, engaged in monopolistic business practices. It awarded four companies that used the terminal a combined A$107 million ($80.7 million). An Adani spokesperson said, however, that the Abbot Point Terminal was a separate company, and was not part of Adani Enterprises. The port operator is owned by Adani Ports and Special Economic Zone Ltd. (Reuters)

06 Jul 2021, 02:14:53 PM IST

Bond yields surge as crude climbs higher

The yield on the 10-year government bond surged on Tuesday to hit a three-month high as a rise in global crude oil prices stoked inflation concerns. A higher inflation will leave little room for the Reserve Bank of India (RBI) to continue its ultra-accommodative monetary policy for long. Brent oil rose above $77 a barrel for the first time since 2018, after OPEC+ failed to reach an agreement on bringing back curtailed output, leaving the market with tighter supplies than expected. (Read here)

06 Jul 2021, 02:08:39 PM IST

Ambuja, Ultratech shares rally as cement prices stay firm in seasonally weak Q1

Cement manufacturers were in focus in early trade on Tuesday with their shares gaining 4-6% on the National Stock Exchange. Stocks of companies with pan-India operations such as Ambuja Cement Ltd, Ultratech Cement Ltd, Shree Cement Ltd, and ACC Ltd rose around 3-5%. Shares of regional companies such as south India-based Ramco Cements Ltd were also trading in the green.

Recent cement dealers channel checks show that despite June being a seasonally weak quarter, cement prices across most regions in India were firm. (Read here)

06 Jul 2021, 01:59:24 PM IST

SonyLIV partners TCS to transform customer experience, drive growth

IT services major Tata Consultancy Services (TCS) on Tuesday said it has entered into a strategic partnership with SonyLIV to help the OTT streaming platform create an innovative business model enabled by digital technologies to enhance customer experience, and pave the path for future growth.

The partnership will leverage TCS' next-generation digital capabilities, global expertise, domain knowledge and innovation ecosystem to define SonyLIV's platform transformation roadmap for India and global markets, a statement said. TCS will help enhance SonyLIV's core OTT platform to leverage AI and machine learning to provide personalised experiences to subscribers across devices, it added. (PTI)

06 Jul 2021, 01:57:39 PM IST

Wonderla Holidays surges

The company's stock was at 258.95 apiece, up 14.66% at 1:55 pm. Wonderla Resort in Bangalore reopen 5 July with a 50% capacity as a crowd control measure. ''Keeping in mind the ongoing situation, Wonderla continues to follow all the safety and precautionary measures like well sanitized rooms and limited but sufficient facilities, adhering to the government guidelines,'' the company said in a statement.

06 Jul 2021, 01:53:07 PM IST

Operating margin of primary steelmakers to swell 500 bps: Crisil

Sharp increase in prices of steel will lift operating margin of primary steel manufacturers by 500 basis points (bps) to 32-33% on-year this fiscal, according to rating agency Crisil. (Read here)

06 Jul 2021, 01:49:26 PM IST

RDIF, Morepen Labs produce SputnikV test batch in Himachal Pradesh

06 Jul 2021, 01:44:21 PM IST

Angel broking maintains 'buy' on Ashok Leyland

"Ashok Leyland Ltd (ALL) is one of the leading player in India CV industry with a 32% market share in the MHCV segment. The company also has a strong presence in the fast growing LCV segment. Demand for MHCV was adversely impacted post peaking out due to multiple factors including changes in axel norms, increase in prices due to implementation of BS 6 norms followed by sharp drop in demand due the ongoing covid-19 crisis. While demand for the LCV segment has been growing smartly post the pandemic, demand for the MHCV segment has also started to recover over the past few months before the 2nd lockdown. We believe that the company is ideally placed to capture the growth revival in the CV segment and will be the biggest beneficiary of the Government’s voluntary scrappage policy and hence rate the stock a 'BUY'."

06 Jul 2021, 01:30:24 PM IST

Sumitomo Group to acquire Fullerton India Credit for $2.5 bn

Diversified Japanese conglomerate Sumitomo Mitsui Financial Group on Tuesday entered into a pact with Fullerton Financial Services Holdings to take over the latter's non-banking arm Fullerton India Credit Company in a reported $2.5 billion deal. Fullerton Financial Services is a fully-owned subsidiary of the Singaporean investment giant Temasek Holdings. The Japanese acquirer did not disclose the deal value in the public statement, but people familiar with the matter said that Sumitomo will pay around $2 billion for the 74.9% stake it will buy in the first leg of the two-legged deal, and another $500 million-plus for the remaining stake to take the ownership 100%. (PTI)

06 Jul 2021, 01:26:42 PM IST

NMDC stock under pressure as govt to liquidate stake via OFS

Shares of NMDC Ltd were under pressure on Tuesday following the Centre's plan to offload 7.49% stake in the mining major remains through an offer for sale (OFS). The floor price has been fixed at Rs165 per equity share, a discount of 5.87% to Monday's closing price. The OFS opens for non-retail investors today and for retail investors tomorrow. (Read here)

06 Jul 2021, 01:19:50 PM IST

RBI to conduct ₹20,000 crore bond purchase on 8 July

The Reserve Bank of India (RBI) will conduct open market purchase of government bonds worth 20,000 crore under the G-sec Acquisition Programme (G-SAP 2.0) on 8 July. The RBI said in a statement that it reserves the right to decide on quantum of purchase of individual securities, accept bids for less than the aggregate amount, purchase marginally higher/lower than the aggregate amount due to rounding off and accept or reject any or all the bids either wholly or partially without assigning any reasons. (ANI)

06 Jul 2021, 01:08:38 PM IST

IT, pharma drag

Nifty sectoral indices
View Full Image
Nifty sectoral indices
06 Jul 2021, 12:53:22 PM IST

Demand outlook of Indian tyre industry remains favourable: ICRA

After two years of contraction, the Indian tyre industry's demand is poised to grow by 13-15% per cent in the original equipment manufacturer (OEM) segment and 13-15% in the replacement market segment this fiscal, according to ratings agency Icra. Stating that capex executions have resumed in the last few months after a hiatus with improving domestic and exports demand, Irca said based on projected demand growth, capital expenditure of over 20,000 crore is expected in the tyre industry between FY22 and FY25, which would be partly debt funded. (PTI)

06 Jul 2021, 12:40:31 PM IST

Ashok Leyland's plants to open more days in July

Ashok Leyland said its plants will be working for more days in July compared to May and June, owing to improved market demand in July compared to June.

06 Jul 2021, 12:29:48 PM IST

Sensex heatmap

UltraTech, HDFC Bank, IndusInd Bank top gainers
View Full Image
UltraTech, HDFC Bank, IndusInd Bank top gainers
06 Jul 2021, 12:12:37 PM IST

AU Small Finance Bank’s Q1 update brings relief on asset quality

Amid worries that small finance banks would bear the brunt of the second wave’s adverse impact, AU Small Finance Bank’s June quarter update brought some cheer. In an early update filed with exchanges, the lender reported a 2% sequential contraction in its loan book which was along expected lines. The bank’s assets under management (AUM) shrank by 3% sequentially. The second wave of the pandemic has triggered lockdowns across most states in the country during the first quarter although restrictions were less than those during the nationwide lockdown last year. Most lenders had indicated that loan growth and asset quality can come under pressure due to the lockdowns. Indeed, mobility gauges had shown a deceleration and even large lenders such as HDFC Bank reported an impact. (Read here)

06 Jul 2021, 12:10:02 PM IST

Angel Broking maintains 'buy' on Jindal Steel

"Jindal Steel & Power Ltd. (JSPL) is one of India’s largest Iron & steel companies with an installed capacity of 8.6mn tonne at the end of FY21. Global steel cycle has turned around due to normalization of demand in developed economies due to reopening of the economies. This has led to significant increase in demand for steel which in turn has led to record high international steel prices. Moreover China’s focus on limiting domestic production and removing export rebates for various categories of steel has also led to fall in Chinese exports which has led to lower domestic prices in China but has led to firming of international steel prices. JSPL has posted a very strong set of numbers for Q4FY21 due to firm domestic prices and availability of low cost iron ore from Sarda mines. The company has also been deleveraging its balance sheet with net debt expected to come down to ~ 12,600 crore by FY22 which should lead toa rerating in the stock. At current levels the stock is trading at EV/ebitda of 4.0xFY22 ebitda and offers value given the upturn in global steel cycle. We have a 'BUY' rating on the sock with a target price of 550."

06 Jul 2021, 11:49:32 AM IST

Cabinet may approve LIC IPO this week: agencies

06 Jul 2021, 11:48:03 AM IST

NCLAT agrees to hear DHFL NCD holder 63 Moons: report

NCLAT agrees to hear 63 Moons, which holds NCDs of DHFL worth 200 crore, on the troubled lender's resolution plan, CNBCTV18 reported. 63 Moons terms Piramal resolution plan malafide.

06 Jul 2021, 11:34:33 AM IST

Pine Labs closes latest fundraise at $600 mn, eyes US listing

Digital payments provider Pine Labs has raised another $315 million in fresh capital as a part of its ongoing fundraise, and closed its current round at $600 million, the company confirmed on Tuesday. (Read here)

06 Jul 2021, 11:34:33 AM IST

HealthifyMe acquires vaccine slot aggregator Under45

Health-tech startup HealthifyMe on Tuesday said it has acqui-hired the team of Under45 that gained popularity for helping people find slots for covid vaccination. With this, HealthifyMe has also opened vaccine slot bookings on its app and website, HealthifyMe.com. "Now, one can also book their slots directly from HealthifyMe, which has registered itself as an Application Service Provider (ASP) with CoWin. To supercharge efforts on its vaccination slot booking initiative, HealthifyMe has also acqui-hired the Under45 team," a statement said.

06 Jul 2021, 11:24:38 AM IST

Info Edge agrees to acquire hiring solutions provider Doselect.com

Info Edge's board has approved the acquisition of Doselect.com run by Axilly Labs Pvt. Ltd. Doselect offers technical assessment services for recruitment and learning purposes. Info Edge will 100% share capital of Doselect.com on a fully diluted basis for 21 crore. The acquisition will be realsied subject to certain conditions.

06 Jul 2021, 11:17:07 AM IST

Tech Mahindra, Coforge top drags

Nifty IT index
View Full Image
Nifty IT index
06 Jul 2021, 11:12:11 AM IST

MidCaps outperform

BSE MidCap index
View Full Image
BSE MidCap index
06 Jul 2021, 10:59:13 AM IST

Prathamesh Mallya, AVP- Research, Non-Agri Commodities and Currencies, Angel Broking on gold

"On Monday, Spot gold ended higher by 0.3% to close at $1,791.6 per ounce. The bullion metal scaled higher as the US Dollar and bond yield retreated boosting appeal for the safe haven asset Gold. The Dollar eased after steady gains in the past week after the US employment data portraited no clarity over the progress in the US labor market. While the hiring by US companies soared, unemployment figures edged higher and the hourly earnings grew at a slower than expected pace. Investors are expected to have a keen eye on the US Federal Reserve latest policy meeting minutes scheduled on Wednesday for cues on the central bank’s monetary stance in the coming months. The yellow metal also found some support as the wild spread of the Delta variant of covid-19 pressured on investor sentiments. Extension of lockdown following the surge in infected cases in many regions of Asia, Australia and Europe hampered market sentiments."

06 Jul 2021, 10:41:18 AM IST

AU Bank drives gains

Nifty bank index
View Full Image
Nifty bank index
06 Jul 2021, 10:23:53 AM IST

Oil extend gains on prospects of tighter supply as Opec+ talks called off

Oil prices extended gains on Tuesday, with Brent and WTI hitting their highest since 2018 on expectations that supplies will tighten further after Opec+ talks were called off just as global fuel demand recovers. Brent crude climbed 32 cents, or 0.4%, to $77.48 a barrel by 04:08 GMT, after gaining 1.3% on Monday. It reached the highest since October 29, 2018 at $77.61 earlier in the session.

US West Texas Intermediate (WTI) crude futures were at $76.69 a barrel, up $1.53, or 2.0%, from Friday's close, having traded through a U.S. holiday to mark Independence Day without a settlement. It had earlier hit its highest since 3 October 2018 of $76.77 a barrel, just shy of the $76.90 peak that was WTI's highest since October 2018.

06 Jul 2021, 10:22:44 AM IST

Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments on Nifty trajectory

"The index is inching towards the 15,900 mark which is the upper end of the current range. We need to close above this level for the upside to resume which can take the Nifty to 16,100. If we are unable to get past 15,900 and close above it, there is always a possibility to take a U turn from the current levels. The bias is on the upside and any dip or intra day correction can be utilized to buy this market."

06 Jul 2021, 10:22:44 AM IST

Coforge board approves proposal to raise ₹375 cr

IT firm Coforge Ltd, erstwhile NIIT Technologies, on Tuesday said its board has approved plans to raise up to 375 crore through various instruments.

"The board has approved subject to applicable laws and receipt of shareholders and other necessary approvals the fresh issuance of equity shares by the company for the purpose of capital raising, including by way of a depository receipts issue or a Qualified Institutions Placement (QIP) or any other mode, subject to a limit of an amount not exceeding 375 crore," Coforge said in a regulatory filing. (PTI)

06 Jul 2021, 10:16:00 AM IST

Rupee inches 6 paise higher to 74.25 against US dollar in early trade

06 Jul 2021, 10:15:41 AM IST

Avenue Supermarts touches 52-week high

DMart operator Avenue Supermarts' probable inclusion in the Nifty has driven its stock to a 52-week high on Tuesday. The company's probable inclusion in Nifty50 was indicated by ICICI Direct, Moneycontrol.com reported. The stock gain 1% intraday.

06 Jul 2021, 10:04:04 AM IST

HDFC Bank, UltraTech drive gains

Index contribution
View Full Image
Index contribution
06 Jul 2021, 09:54:35 AM IST

Pharma, IT drag

Nifty sectoral indices
View Full Image
Nifty sectoral indices
06 Jul 2021, 09:48:15 AM IST

Amazon begins new chapter as Bezos hands over CEO role

Amazon founder Jeff Bezos stepped down as CEO on Monday, handing over the reins as the company navigates the challenges of a world fighting to emerge from the coronavirus pandemic. Andy Jassy, who ran Amazon's cloud-computing business, replaced Bezos, a change the company announced in February. Bezos, Amazon's biggest shareholder with a stake worth about $180 billion, will still hold sway over the company he started out of his Seattle garage in 1995. He takes over the role of executive chair, with plans to focus on new products and initiatives

06 Jul 2021, 09:34:07 AM IST

Gold prices at 2-week high, down ₹9,000 from record high, silver pricey

Gold and silver edged higher in Indian markets, supported by positive global cues. On MCX, gold futures were up 0.3% to near two-week high of 47,445 per 10 gm while silver gained 0.3% to 70,254 per kg. In the previous session, gold had edged up 0.11% while silver had declined 0.18%. (Read here)

06 Jul 2021, 09:26:52 AM IST

Market opening

The Sensex opened at 52,874.85, down 6.85 points, while Nifty was at 15,813.75, up 20.60 points. Realty, auto were top gainers. On the 30 share Sensex, UltraTech, Maruti, HDFC Bank, and 17 other stocks opened in green, while Tech Mahindra, Bajaj Finserv, Nestlé India, and 7 other stocks opened in red.

Sensex at open
View Full Image
Sensex at open
06 Jul 2021, 09:10:28 AM IST

Market pre-opening

At market pre-opening, Sensex was at 52,875.48, down 4.52 points, or 0.01%, while Nifty was at 15,834.35, up 112.15 points, or 0.71%.

Sensex pre-opening
View Full Image
Sensex pre-opening
06 Jul 2021, 09:08:10 AM IST

India reports 34,703 new covid-19 cases in last 24 hours

India reported on Tuesday 34,703 new covid-19 cases in the last 24 hours, according to health ministry data, with active cases at 464,357. (Reuters)

06 Jul 2021, 09:03:13 AM IST

Amid cabinet reshuffle buzz, PM Modi's crucial meeting likely today

Prime Minister Narendra Modi is expected to hold a crucial meeting at his residence amid reports of a cabinet reshuffle. The cabinet reshuffle is expected to take place later this week, according to a report in Live Hindustan. (Read here)

06 Jul 2021, 08:51:32 AM IST

Coforge approves fund raise via fresh share issue or depository receipts issue

06 Jul 2021, 08:37:14 AM IST

Stocks to Watch

NMDC, Tata Motors, Maruti Suzuki, HDFC Bank, Info Edge, among other stocks could be in focus today. (Read here)

06 Jul 2021, 08:12:34 AM IST

Market outlook

Markets are likely to be in consolidation phase on Tuesday while trends in SGX Nifty suggest a negative opening of Indian benchmark indices. On Monday, the BSE Sensex ended at 52,880, up 395.33 points or 0.75%. The Nifty was at 15,834.35, up 112.15 points or 0.71%.

06 Jul 2021, 07:59:20 AM IST

Hong Kong leader says willing to address US tech giants' misgivings on privacy law

A Hong Kong leader has said that if any online platform is concerned about privacy law, government officials will be happy to meet with them. On Monday, US tech giants Facebook Inc, Alphabet Inc's Google and Twitter Inc have privately warned the Hong Kong government that they could stop offering their services in the city if authorities proceed with planned changes to data-protection laws, the Wall Street Journal reported on Monday, citing a letter. The laws could make the tech companies liable for the malicious sharing of individuals' information online, the newspaper added. A letter sent by an industry group that includes the internet firms said companies are concerned that the planned rules to address "doxing" could put their staff at risk of criminal investigations or prosecutions related to what the firms' users post online, Journal reported.

06 Jul 2021, 07:48:04 AM IST

Oil rises further on hopes of tighter supply as Opec+ talks abandoned

Oil prices rose slightly on Tuesday after the previous day's rally, supported by expectations of a tighter market as output talks of OPEC+ nations were called off, but concerns that members may start to increase production capped gains.

Brent crude was up 7 cents, or 0.1%, at $77.23 a barrel by 0052 GMT, after gaining 1.3% on Monday. U.S. West Texas Intermediate (WTI) crude futures were at $76.38 a barrel, up $1.22, or 1.6%, from Friday's close, having traded through a U.S. holiday to mark Independence Day without a settlement.

Ministers of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, called off oil output talks and set no new date to resume them, after clashing last week when the United Arab Emirates rejected a proposed eight-month extension to output curbs, meaning no deal to boost production has been agreed.

06 Jul 2021, 07:39:49 AM IST

Chinese regulators suggested Didi delay its US IPO: WSJ

China’s cybersecurity watchdog suggested Didi Global Inc delay its initial public offering and urged it to review its network security, weeks before the Chinese ride-hailing giant went public, the Wall Street Journal reported on Monday, citing people familiar with the matter. It isn’t known whether Didi carried out its own review, according to the WSJ report. But a person close to the company told the newspaper the company ultimately decided to go ahead with the IPO as it faced increasing investor pressure for a big payout. The Cyberspace Administration of China (CAC) launched the investigation into Didi on Friday, just two days after the company began trading on the New York Stock Exchange. (Reuters)

06 Jul 2021, 07:37:42 AM IST

Asian markets witness steady start

Asian stocks opened steady Tuesday as traders weigh a jump in crude oil amid an OPEC+ crisis that derailed a deal to boost output. Treasuries dipped as trading resumed after a US holiday. Gains were modest in Japan, Australia and South Korea. US stocks and Treasury markets were closed Monday for the Independence Day holiday, keeping trading subdued. European shares edged higher and US contracts fluctuated in Asia. A gauge of the dollar was little changed.OPEC+ was plunged into crisis as a worsening fight between Saudi Arabia and the United Arab Emirates blocked an oil-supply increase. The breakdown of talks has sent crude climbing toward $80 a barrel, but also raises the risk of a price war if the conflict at the alliance escalates.

S&P 500 futures were little changed as of 9:04 am in Tokyo

Nasdaq 100 futures were steady

The Stoxx Europe 600 rose 0.3%

Topix index rose 0.2%

Australia’s S&P/ASX 200 Index rose 0.2%

Kospi index gained 0.3%

Hang Seng Index futures fell 0.2%

SGX Nifty fell 0.10%

Never miss a story! Stay connected and informed with Mint. Download our App Now!!

Close
×
Edit Profile
My ReadsRedeem a Gift CardLogout