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Sensex closes 486 pts lower, Nifty at 15,728; IT in green; metals, banks drag

Market closing: Indian indices closed over 0.92% on Thursday.Premium
Market closing: Indian indices closed over 0.92% on Thursday.

  • Market closing: The Sensex closed at 52,568.94, down 485.82 points, or 0.92%, while the Nifty was at 15,727.90, down 151.75 points or 0.96%. FMCG, media, pharma close in red

Sensex, Nifty closed over 0.92% lower on Thursday. All eyes are on TCS' Q1 earnings due after market close today. Asian markets were seen lower on Thursday amid rise in covid cases and emergency measures taken in some countries to counter the pandemic.

08 Jul 2021, 03:53:33 PM IST

Rupee declines 9 paise to close at 74.71 (provisional) against US dollar

08 Jul 2021, 03:45:37 PM IST

Market closing

The Sensex closed at 52,568.94, down 485.82 points, or 0.92%, while the Nifty was at 15,727.90, down 151.75 points or 0.96%. On the 30-share Sensex, Tech Mahindra, Bajaj Auto, Power Grid, and four other stocks closed in green, while Tata Steel, Sun Pharma, ICICI Bank, and 20 other stocks closed in red.

Sensex at close
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Sensex at close
08 Jul 2021, 03:25:48 PM IST

India approves late-stage trial for Glaxo-Sanofi Covid vaccine

Sanofi SA and GlaxoSmithKline Plc have received an approval from Indian authorities for a late-stage clinical trial of their protein-based COVID-19 vaccine candidate, the drugmakers said on Thursday. France's Sanofi and Britain's GSK in May kicked off global trials to include more than 35,000 adults to test the shot. They hope to get approvals by the end of 2021 after early-stage results showed the vaccine produces a robust immune response. (Read here)

08 Jul 2021, 03:18:18 PM IST

NRAI's concerns against aggregators misplaced, willing to work with industry: Zomato

Online food delivery platform Zomato said that National Restaurant Association of India’s (NRAI) concerns over anti-competitive policies of food aggregators are “misplaced" and that it is yet to receive an intimation from the Competition Commission of India (CCI) which was approached by NRAI to look into a series of practices followed by aggregators that it said are hurting the restaurant industry. (Read here)

08 Jul 2021, 03:12:03 PM IST

ICICI Bank, HDFC Bank, RIL top drags

Index contribution
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Index contribution
08 Jul 2021, 03:07:15 PM IST

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

“Indian markets started on a muted note with negative bias following downbeat Asian market peers which were trading in red amid regulatory fears resurfacing on tech stocks and cautious global sentiments. During the afternoon session markets further fell and traded in red as investors were concerned with private report stating that the India's retail inflation likely to accelerate to seven-month high in June on rising food and fuel prices, staying above the Reserve Bank of India's comfort zone for a second straight month. Some anxiety also came as Fitch Ratings cut India's growth forecast to 10% for the current financial year (FY22), from 12.8% estimated earlier, due to slowing recovery post-second wave of covid-19. also markets failed to recover in the closing session as EU and US futures were seen trading lower which further deteriorated the already weakened sentiments for the day."

08 Jul 2021, 02:59:13 PM IST

Inflows into equity MFs almost halve in June as redemptions increase

Inflows in equity mutual funds almost halved in June to 4608.75 crore even as SIP contribution inched up compared to previous month, showed AMFI data released on Thursday. Redemption pressure intensified slightly as investors rushed to book profits with markets hitting record highs. However, inflows into equity MFs in first half of 2021 was one tenth of Jan-June last year.

08 Jul 2021, 02:47:26 PM IST

Tata Motors global wholesales at 2,14,250 units in Q1

ata Motors on Thursday said its global wholesales, including that of Jaguar Land Rover, rose to 2,14,250 units in the first quarter of the current fiscal. The auto major had sold 91,594 units in April-June quarter of FY21. Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in the first quarter stood at 52,470 units as compared with 11,598 units a year ago, the company said in a statement. The company's global sales of all passenger vehicles were at 1,61,780 units, up from 79,996 units in June quarter of 2020-21. Global wholesales of JLR stood at 97,141 units. Jaguar wholesale units for the period under review stood at 21,373 vehicles, while Land Rover wholesales stood at 75,768 units. JLR had sold a total of 65,425 units in the April-June quarter of FY21. (PTI)

08 Jul 2021, 02:27:20 PM IST

Zomato IPO to deliver mouth-watering returns to private market investors

There is such great appetite for the IPO of food delivery firm, Zomato Ltd, that it has advanced the dates of the issue and increased the size of the share offering by 20%. More importantly, the IPO price band has been set at 72-76. The pricing at the higher end is about 70% higher than the 44.8 per share price large private market investors paid in a $600 million funding round less than a year ago. The investors included Tiger Global and Kora Capital. Temasek, which also participated in the funding round, had purchased shares at far lower prices earlier, bringing its average cost of acquisition to around 31 a piece. Some other investors have made far greater returns, depending on when they first bought a stake in the firm. (Read here)

08 Jul 2021, 02:27:21 PM IST

Supreme Court adjourns Amazon-Future-RIL case till 20 July

08 Jul 2021, 02:27:21 PM IST

Post LVB merger, DBS Bank India reports higher net profit for FY21; NPAs zoom

DBS Bank India, the wholly-owned subsidiary of the Singaporean lender, witnessed a surge in FY21 net profit at 312 crore on the merger of Lakshmi Vilas Bank (LVB), but reported a huge spike in dud loans as a result of the amalgamation with the old-age private sector bank. DBS Bank India, which bailed out LVB and in the process increased its network, had reported a post tax net of 111 crore in FY20. The gross non-performing assets of the combined entity shot up to 12.93%, with a bulk of the strain coming from the erstwhile LVB's portfolio. The net NPAs stood at 2.83% with a provision coverage ratio of 84%. (PTI)

08 Jul 2021, 02:16:23 PM IST

Mercedes Benz India reports sales of 4,857 units in first half of 2021

Mercedes Benz India–the country’s leading luxury vehicle manufacturer–on Thursday announced sales of 4,857 vehicles in the January to June period of the current year. Sales were impacted in the April to June period due to explosive rise in covid infections. The German manufacturer reported sales of just 7,893 units in 2020, a significant drop from 13,786 units sold in 2019. (Read here)

08 Jul 2021, 01:58:14 PM IST

RBI governor wants to support growth, keep inflation expectations anchored

India's central bank wants to anchor inflation expectations as it focuses on reviving economic growth, governor Shaktikanta Das told a local newspaper in an interview, and urged the government to look at lowering fuel taxes to ease price pressures. "We are acutely conscious and sensitive to the fact that a hasty reversal of monetary policy stance or monetary policy approach can have serious consequences for the economic , recovery," Das told the Business Standard in an interview published on Thursday. (Read here)

08 Jul 2021, 01:54:51 PM IST

Shyam Metalics and Energy gains

Shyam Metalics and Energy’s stock was up 0.44% to 415.00 apiece at 1:54 pm. The company reported March quarter consolidated net profit after tax of 3.88 billion compared to 797.3 million a year ago. The company’s consolidated revenue from operations was at 23.51 billion compared to 10.84 billion a year ago. The company’s board has recommended a dividend of 2.70 per share.

08 Jul 2021, 01:39:36 PM IST

World food prices fall in June for first time in a year -FAO

World food prices fell in June for the first time in 12 months, pushed lower by declines in vegetable oils, cereals and dairy products, the United Nations food agency said on Thursday. The Rome-based FAO also said in a statement that worldwide cereal harvests would come in at nearly 2.817 billion tonnes in 2021, slightly down on its previous estimate, but still on course to hit an annual record. (Reuters)

08 Jul 2021, 01:26:25 PM IST

Zomato to rank among India's top 100 most-valued public companies with its IPO

The much-awaited IPO of Zomato Ltd will see the country's largest food delivery platform enter the ranks of the top 100 most-valued listed companies on the Indian stock exchanges. At 76 per share, the upper end of the IPO price band, Zomato will have a post-money valuation of 59,623 crore, which will rank it at 79th position among the top 100 Indian listed companies by market capitalization. In fact, Zomato will rank higher than some long-established and well-known names such as Hero MotoCorp, Aurobindo Pharma, Piramal Enterprises, Apollo Hospitals, SAIL, Lupin, Bandhan Bank. (Read here)

08 Jul 2021, 01:23:47 PM IST

Pimpri Chinchwad Municipal Corp levies ₹200 cr commercial tax on Tata Motors: report

The Pimpri-Chinchwad Municipal Corporation (PCMC) has issued a showcause notice to Tata Motors regarding unregistered construction at its Telco Road plant, according to news reports. PCMC has levied a commercial property tax of 200 crore for Tata Motors.

08 Jul 2021, 01:18:42 PM IST

IRCTC share price today hits new all-time high. Analysts see more gain

Indian Railway Catering and Tourism Corporation or IRCTC share price today peaked its all-time high of 2,248 breaching its previous high of 2,222. Opening 9 higher from its Wednesday close of 2,188, IRCTC shares logged around 2% gains from its previous close and hit its new all-time high breaching its previous high that it had achieved last month. According to stock market experts, IRCTC stock price is rising because both fundamentals and technicals of the counter are showcasing positive bias. (Read here)

08 Jul 2021, 01:16:51 PM IST

Sun Pharma Advanced Research allots warrants worth ₹11.12 bn

Sun Pharma Advanced Research Co. Ltd’s (SARC) stock was trading at 250.80 apiece, up 1.81% at 1:15 pm. The company's board has approved the Allotment of 6,24,74,082 warrants on preferential basis at an issue price of 178 apiece totalling to 11.12 billion to Dilip Shantilal Shanghvi, the company’s promoter as well as other a non-promoters and entities, the company said in a regulatory filing.

08 Jul 2021, 01:05:34 PM IST

HDFC Bank, RIL, ICICI Bank top drags

Index contribution
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Index contribution
08 Jul 2021, 01:04:05 PM IST

All sectors in red

Nifty sectoral indices
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Nifty sectoral indices
08 Jul 2021, 01:00:16 PM IST

Twitter appoints India interim compliance exec, to fill other jobs soon

Twitter Inc's India unit has appointed an interim chief compliance officer and will soon designate two other executives for the time being to comply with the country's new IT rules, the social media giant said in a court filing on Thursday.

Twitter has posted job openings for all three positions, will try to make an offer of employment within 8 weeks, the company said in the filing seen by Reuters.

08 Jul 2021, 12:53:48 PM IST

Yash Gupta Equity Research Associate, Angel Broking Ltd

"Real-estate stock gaining momentum on the back of better than expected pre-sales for Q1FY22. Today, S&P BSE REALTY hits a high of 2,890 and now is trading near the 52-week high of 2,909.9 which was made in March 2021. We have seen some good numbers from Sobha Ltd yesterday which were better than the market expectation. The company reported pre-sales growth of 40%.

We have seen a very good H2FY21 after the sector was adversely hit by the pandemic in 2020. Several companies reported their all-time high results in Q4FY21 on the back of some effects of pent-up demand. It was expected that the demand for 2022 will strengthen this year whereas the ready to move inventory levels have hit a 7-year low in Q1FY22, as customer preference has been changed to the ready property rather than the under-construction properties. We expect residential real-estate to do well in the financial year 2022 as some early signs of the organized sector gaining the market share are encouraging. We have a buy call on Godrej property with a target price of 1,700."

08 Jul 2021, 12:47:37 PM IST

Jaypee Infratech resolution: RP files Suraksha Realty proposal before NCLT

The interim resolution professional in the Jaypee Infratech resolution case has filed the plan by Suraksha Realty Ltd and Lakshdeep Investments and Finance Pvt. Ltd, approved by the committee of creditors, with the National Company Law Tribunal, the company said ina regulatory filing.

08 Jul 2021, 12:47:38 PM IST

Jobs in the IT and related sectors at an all-time high: Naukri JobSpeak

Hiring activity of Indian firms is showing signs of revival after the disruption caused by the second wave of the coronavirus pandemic in April, as per a Naukri JobSpeak report. The country’s premier index on India’s hiring trends grew 15% sequentially in June, going up to 2,359 from 2,047 in May. Hiring in IT-software/services sector grew 5% month-on-month in June as demand for technology increased. Not only did the sector continue its recent surge of 14% in May, but achieved an all-time high growth of 52% compared to pre-covid levels in June 2019. (Read here)

08 Jul 2021, 12:27:52 PM IST

Sensex heatmap

Sensex post noon
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Sensex post noon
08 Jul 2021, 12:07:41 PM IST

Brigade, Sobha lead gains

Nifty realty index
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Nifty realty index
08 Jul 2021, 11:44:32 AM IST

HDFC Bank, HUL top drags

Index contribution
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Index contribution
08 Jul 2021, 11:44:32 AM IST

POLL-India's inflation likely edged up to seven-month high in June

India's retail inflation probably accelerated to a seven-month high in June on rising food and fuel prices, staying above the Reserve Bank of India's comfort zone for a second straight month, a Reuters poll showed. While many of India's states have eased restrictions imposed to contain the coronavirus, supply-side disruptions remain and higher taxes on petroleum products continue to exert upward pressure on inflation. The 5-7 July poll of 37 economists showed retail inflation rose to 6.58% in June from a year ago. It was 6.30% in May. (Reuters)

08 Jul 2021, 11:37:44 AM IST

Equitas gives one more reason to warm up to small finance banks

Equitas Small Finance Bank Ltd’s early update on June quarter performance has given cheer to investors. The worry that small finance banks would be the worst hit by the second wave of the pandemic is now receding and shares of these lenders are benefiting from the change in sentiment.

Shares of Equitas had surged nearly 20% on Wednesday and are trading in the green today as well. (Read here)

08 Jul 2021, 11:37:45 AM IST

Lodha’s pre-sales bookings fall 62% in April-June

Mumbai-based real estate firm Lodha Group, also known as Macrotech Developers Ltd, on Thursday said it has clocked pre-sales of 957 crore in April-June, down 62% from 2,531 crore in the preceding March quarter. (Read here)

08 Jul 2021, 11:27:12 AM IST

Adani Ports’ stock’s lower valuations may be a buying opportunity

Adani Ports and Special Economic Zone Ltd shares have declined by nearly 20% from its 52-week high seen on 9 June on the National Stock Exchange. During this time, the stock has come under pressure as doubts were raised officially about the foreign shareholding of the Adani Group shares. Last month, The Economic Times had reported that National Securities Depository Ltd (NSDL) has frozen the accounts of three of the foreign investment firms that held Adani Group stocks. While Adani Ports has said that the three foreign portfolio investor accounts (FPIs) are not frozen, the stock is yet to recover fully. (Read here)

08 Jul 2021, 11:27:12 AM IST

HUL, Britannia top drags

Nifty FMCG index
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Nifty FMCG index
08 Jul 2021, 11:18:38 AM IST

Tata Motors top drag

Nifty auto index
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Nifty auto index
08 Jul 2021, 11:14:38 AM IST

L&T Infotech completes acquisiton of Pune-based Cuelogic Technologies

Larsen & Toubro Infotech has completed the acquisition of Pune-based Cuelogic Technologies Pvt. Ltd and its wholly US unit Cuelogic Technologies Inc. Cuelogic and Cuelogic Technologies Inc. US are now wholly owned subsidiaries of L&T Infotech.

08 Jul 2021, 11:01:49 AM IST

Bajaj Healthcare gains

The stock was trading at 962.80, up 5.67% at 11 am. The company received the DRDO's nod for commercial manufacturing of its 2-DG or 2-Deoxy D-Glucose drug to fight covid-19.

08 Jul 2021, 10:56:47 AM IST

Alembic Pharma gains

Alembic Pharma's stock was trading at 988.70 apiece, up 0.32% at 10:54 am. The company has recieved the US Food & Drug Administration's final nod for Desipramine Hydrochloride Tablets USP. These tablets are prescribed for depression.

08 Jul 2021, 10:48:13 AM IST

Top gainers at this hour

Nifty top gainers
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Nifty top gainers
08 Jul 2021, 10:46:34 AM IST

Vehcile demand seen to be growing in July: Fada chief

Fada president Vinkesh Gulati told CNBCTV18 that:

-July vehicle demand stronger in July, compared to June.

-Longer wait for vehicles.

-90% auto dealerships open

-Expect rural demand to rebound

08 Jul 2021, 10:38:44 AM IST

Rupee falls 17 paise to 74.79 against US dollar in early trade

08 Jul 2021, 10:33:54 AM IST

Cairn Energy secures French court order to seize 20 Indian govt properties

Britain’s Cairn Energy Plc has secured a French court order to seize about 20 Indian government properties in France to recover a part of $1.7 billion arbitration award, sources said on Thursday. On 11 June, the French court had ordered Cairn Energy’s take-over of Indian government properties, mostly comprising flat; and the legal process got completed on Wednesday evening.

08 Jul 2021, 10:33:54 AM IST

Crypto prices today: Bitcoin below $34,000; ether, dogecoin also fall

Cryptocurrency prices were trading lower today with Bitcoin declining over 3% to $33,275.4, data by CoinDesk showed. Ether, the coin linked to the ethereum blockchain network, was down 3% to $$2,262. Dogecoin also slipped as it was trading around $22, down 5%. Other virtual tokens like XRP, Litecoin, Cardano, Uniswap also fell more than 2% over the last 24 hours. (Read here)

08 Jul 2021, 10:29:25 AM IST

PSU banks gain

Nifty sectoral indices
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Nifty sectoral indices
08 Jul 2021, 10:24:41 AM IST

Gold prices today fall for first time after 6 days, silver rates drop

Gold and silver rates today slipped in Indian markets, tracking a decline in global rates. On MCX, gold futures dropped 0.3% to 47,776 while silver rates fell 0.5% to 69008 per kg. In global markets, gold fell 0.4% to $1,797 an ounce amid a stronger US dollar after Federal Reserve minutes indicated a plan for tapering stimulus may be edging closer. (Read here)

08 Jul 2021, 10:24:42 AM IST

Macrotech Developers gains

The company’s stock was trading at 689.50 apiece, up 3.88% at 10:18 am. The company reported Q1FY22 pre-sales worth 9.57 billion. Pre sales were limited on account of second covid wave. June pre-sales were at 6.54 billion. The company said it was on track to meet pre-sales guidance subject to no further covid related disruption. Macrotech’s Q1 consolidated net debt was down 36 billion.

08 Jul 2021, 10:17:51 AM IST

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

"The market continues to struggle around the 15,900 level. If we manage to get past this hurdle on a closing basis, the Nifty can scale higher to 16,100. On the downside, the index has a good support at 15,400 and and until we do not disrespect that, the overall trend of the market continues to remain positive."

08 Jul 2021, 10:00:52 AM IST

India's covid cases stand at 4,60,704

Single-day rise of 45,892 new covid-19 cases, 817 fatalities push India's infection tally to 3,07,09,557, death toll to 4,05,028. Number of active covid-19 cases in India stand at 4,60,704, according to Union health ministry data.

08 Jul 2021, 09:51:30 AM IST

Macrotech Developers gains

The company’s stock was trading at 683.45 apiece, up 2.97% at 9:46 am. The company reported Q1FY22 pre-sales worth 9.57 billion. Pre sales were limited on account of second covid wave. June pre-sales were at 6.54 billion. The company said it was on track to meet pre-sales guidance subject to no further covid related disruption. Macrotech’s Q1 consolidated net debt was down 36 billion.

08 Jul 2021, 09:40:08 AM IST

Oil prices fall for third straight day amid Opec+ uncertainty

Oil prices fell for a third day on Thursday amid anxiety that supply may rise after the collapse this week of talks among major producers, potentially causing the current output agreement to be abandoned. Brent crude oil futures were down 43 cents, or 0.6%, at $73 a barrel by 0158 GMT. U.S. West Texas Intermediate futures were down 51 cents, or 0.7%, at $71.69 a barrel. (Read here)

08 Jul 2021, 09:28:21 AM IST

PNB Housing gains

PNB Housing's stock was trading 720.50 apiece, up 4.99% at 9:27 am. State-run Punjab National Bank has told its subsidiary PNB Housing Finance Ltd. to reconsider its contentious 4,000 crore deal with The Carlyle Group and carve out an alternate capital raising plan that is compliant with the rules of the Securities and Exchange Board of India or Sebi.

08 Jul 2021, 09:15:48 AM IST

Marker opening

At market opening, the Sensex was at 53,065.69, up 10.93, or 0.02%, while Nifty was at 15,855.40, down 24.25, or 0.15%. On the 30-share Sensex, UltraTech, TCS,Tata Steel, and 17 other stocks opened in green, while HDFC Bank, Nestle India, ICICI Bank, and 7 other stocks opened in red.

Sensex at pre-open
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Sensex at pre-open
08 Jul 2021, 08:57:50 AM IST

TCS Q1 earnings: 5 things to watch out for

India’s largest IT services company, Tata Consultancy Services (TCS) Ltd will be the first to announce its fourth quarter earnings on Thursday. As per consensus Bloomberg estimates, TCS is expected to post revenues of 45,748.6 crore and net profit of 9,382.5 crore for the June quarter. (Read here)

08 Jul 2021, 08:45:16 AM IST

CNG prices revised in Delhi, Noida, Ghaziabad

After the continuous hike in fuel prices and the recent increase in price of LPG cylinders, CNG and PNG prices have been revised from today, as announced by Indraprastha Gas Ltd (IGL), the firm that retails CNG to automobiles and piped natural gas to household kitchens. Compressed natural gas (CNG) retail price has been revised in Delhi to 44.30/kg from 43.40/kg with effect from 8th July. On the other hand, Piped natural gas (PNG) domestic price is going to be 29.66 per SCM (Standard Cubic Meter).

08 Jul 2021, 08:28:28 AM IST

PM Modi revamps cabinet in biggest reshuffle in the past seven years

Prime Minister Narendra Modi on Tuesday inducted 36 new faces into his council of ministers, promoted seven junior ministers to independent or cabinet roles, and dropped 12 ministers, including the ministers of health, education, information technology, law, environment and broadcasting, in his biggest reshuffle in the past seven years. (Read here)

08 Jul 2021, 08:19:25 AM IST

Market outlook

Markets are likely to consolidate further on Thursday while trends in SGX Nifty suggest a weak opening of Indian benchmark indices. On Wednesday, the BSE Sensex closed at 53,054.76, up 193.58 points or 0.37%. The Nifty ended at 15,879.65, up 61.40 points or 0.39%. (Read here)

08 Jul 2021, 08:09:41 AM IST

Stocks to Watch

HDFC, Info Edge, JSPL, PNB Housing, Reliance Infra, Unitech, among other stocks may be in the news today. (Read here)

08 Jul 2021, 07:54:55 AM IST

Zomato sets 14 Jul opening date for IPO

Initial public offering of Zomato Ltd has set the offer price of 72-76 a share. Earlier, the firm said that its issue will open for subscription on 14 July and close on 16 July. The issue comprises a fresh issue of 375 crore and an offer for sale of 9,000 crore by its current promoter Info Edge India Ltd. Employee reservations has kept at 6.5 million shares.

08 Jul 2021, 07:44:50 AM IST

Asian markets witness steady start

Asian stocks opened steady Thursday, following gains for U.S. shares and Treasuries as the Federal Reserve minutes showed policy makers still awaiting more evidence of a robust economic recovery to set a timeline for trimming bond purchases. Benchmarks dipped in Japan, where another virus state of emergency for Tokyo looks imminent. Stocks edged up in Australia and South Korea. U.S. futures fluctuated after the S&P 500 and Nasdaq 100 both closed at all-time highs. Ten-year U.S. Treasury yields steadied around 1.31% after falling for seven trading days as inflation expectations continued to ease.

S&P 500 futures were steady as of 9:25 a.m. in Tokyo. The S&P 500 rose 0.3%

Nasdaq 100 futures edged up 0.1%. The Nasdaq 100 rose 0.2%

Topix index fell 0.2%

Australia’s S&P/ASX 200 Index rose 0.7%

Kospin index rose 0.2%

Hang Seng Index futures were little changed

08 Jul 2021, 07:31:24 AM IST

US indices gain

US stocks rose to record highs and bonds gained as minutes from the Federal Reserve’s latest meeting showed policy makers continued to see elevated uncertainty and debated the tapering of debt purchases used to fuel stimulate to the economy. Ten-year U.S. note yields fell for a second day, dropping briefly below 1.3% for the first time since February, as expectations for an inflationary economic recovery continued to fade. The S&P 500 and Nasdaq Composite each closed at all-time highs, with the benchmark S&P doing so for the eighth time in nine trading sessions.Fed officials expected to continue to make progress on reaching its threshold to scaling back their massive asset purchases, the record of their June gathering showed.

The S&P 500 rose 0.3% to a record high as of 4 p.m. New York time

The Nasdaq 100 rose 0.2% to a record high

The Dow Jones Industrial Average rose 0.3%

The MSCI World index rose 0.2%

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