{"id":39478,"date":"2024-08-06T08:54:51","date_gmt":"2024-08-06T03:24:51","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=39478"},"modified":"2024-08-06T09:03:03","modified_gmt":"2024-08-06T03:33:03","slug":"gift-nifty-indicates-a-positive-start-for-the-indian-stock-indices-the-us-markets-ended-lower-with-major-declines-in-the-index-the-asian-markets-traded-higher-as-the-japanese-stocks-made-a-rebound","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/gift-nifty-indicates-a-positive-start-for-the-indian-stock-indices-the-us-markets-ended-lower-with-major-declines-in-the-index-the-asian-markets-traded-higher-as-the-japanese-stocks-made-a-rebound\/","title":{"rendered":"Gift Nifty indicates a positive start for the Indian stock indices; The US markets ended lower with major declines in the index; The Asian markets traded higher as the Japanese stocks made a rebound"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"39478\" class=\"elementor elementor-39478\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-36c896d2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"36c896d2\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3ed38ffb\" data-id=\"3ed38ffb\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b984e0d elementor-widget elementor-widget-text-editor\" data-id=\"b984e0d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\"><strong>PRE-MARKET REPORT<\/strong><\/span><\/p><p><span style=\"color: #000000;\">The domestic equity market indices, Sensex and Nifty 50, are expected to open higher on Tuesday after the stock market crash seen in the previous session.<\/span><\/p><p><span style=\"color: #000000;\">Gift Nifty was trading around the 24,290 level, a premium of nearly 200 points from the Nifty futures\u2019 previous close, indicating a gap-up start for the Indian stock market indices.<\/span><\/p><p><span style=\"color: #000000;\">The US stock market extended a sell-off to end with steep losses on Monday, with all the three major indexes registering their biggest three-day percentage declines since June 2022, and the Nasdaq and S&amp;P 500 closing at their lowest levels since early May.<\/span><\/p><p><span style=\"color: #000000;\">The Dow Jones Industrial Average crashed 1,033.99 points, or 2.6%, to 38,703.27, while the S&amp;P 500 tanked 160.23 points, or 3.00%, to 5,186.33. The Nasdaq Composite ended 576.08 points, or 3.43%, lower at 16,200.08.<\/span><\/p><p><span style=\"color: #000000;\">Asian markets traded higher on Tuesday after a crash seen in the previous session, as the Japanese stock indices rebounded and recouped most of Monday\u2019s losses.<\/span><\/p><p><span style=\"color: #000000;\">Japan\u2019s Nikkei 225 jumped as much as 10.5%, and a day after, it plunged to a near record 12.4%, while the Topix rallied over 10%.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4fdb9707 elementor-widget elementor-widget-text-editor\" data-id=\"4fdb9707\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-39486 size-large\" src=\"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2024\/08\/FII-MARKET-1-1-1024x1024.jpg\" alt=\"\" width=\"1024\" height=\"1024\" srcset=\"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2024\/08\/FII-MARKET-1-1-1024x1024.jpg 1024w, https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2024\/08\/FII-MARKET-1-1-300x300.jpg 300w, https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2024\/08\/FII-MARKET-1-1-150x150.jpg 150w, https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2024\/08\/FII-MARKET-1-1-768x768.jpg 768w, https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2024\/08\/FII-MARKET-1-1-450x450.jpg 450w, https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2024\/08\/FII-MARKET-1-1-780x780.jpg 780w, https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2024\/08\/FII-MARKET-1-1.jpg 1201w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p><p><span style=\"color: #000000;\"><strong>STOCKS TODAY<\/strong><\/span><\/p><p><span style=\"color: #000000;\"><strong>Lupin:<\/strong> The company has announced the incorporation of Lupin Lanka (Private) Ltd as its wholly-owned subsidiary in Sri Lanka. Additionally, it has received a centralized Show Cause Notice from the Maharashtra GST Authority, seeking recovery of Rs 336.2 crore in taxes, along with applicable interest and an equivalent penalty of Rs 336.2 crore for the period from July 2017 to March 2022.<\/span><\/p><p><span style=\"color: #000000;\"><strong>Biocon:<\/strong> The biopharma company has received an Establishment Inspection Report (EIR) with Voluntary Action Indicated (VAI) from the US Food and Drug Administration (USFDA) for its API facility in Visakhapatnam, Andhra Pradesh. The USFDA conducted a GMP inspection of the facility between June 17 and June 21.<\/span><\/p><p><span style=\"color: #000000;\"><strong>Bajaj Consumer Care:<\/strong> Quant Mutual Fund has bought a 1.89% stake in the company at an average price of Rs 256 per share. However, Goldman Sachs Funds &#8211; Goldman Sachs India Equity Portfolio sold a 1.69% stake in the company at an average price of Rs 256.02 per share.<\/span><\/p><p><span style=\"color: #000000;\"><strong>Reliance Industries:<\/strong> The diversified conglomerate climbed to the 86th spot on the Fortune 500 list, the highest-ever rank for the company, with a market capitalization of \u20b919.585 trillion. The company had posted a 2.6% rise in revenue to \u20b910,00,122 crore and a 16.1% rise in EBITDA to \u20b91,78,677 crore at the end of FY24. Other Indian companies on the list include LIC, Indian Oil, SBI, ONGC, BPCL, Tata Motors, HDFC Bank, and Rajesh Exports.<\/span><\/p><p><span style=\"color: #000000;\"><strong>Adani Energy Solutions:<\/strong> The company raised \u20b98,373 crore through a QIP to invest in transmission assets, smart metering, debt repayment, and general corporate purposes. The QIP RECeived bids nearly 6x the base deal size from various investors; CEO Kandarp Patel highlighted the strong interest from institutional investors and India\u2019s robust investment cycle.<\/span><\/p><p><span style=\"color: #000000;\"><strong>Tata Chemicals:<\/strong> The company reported a 71.8% fall in first-quarter profit to \u20b91.5 billion due to lower soda ash prices and subdued demand. Revenue fell more than 10% to \u20b937.89 billion. Because of the oversupply in Asia and the EU due to China\u2019s economic slump and decreased EU demand for glass products, recovery may take 12-18 months.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1361266 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1361266\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-af84de5\" data-id=\"af84de5\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-adebb57 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"adebb57\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/flattrade.in\/open-trading-account-new?utm_source=Google&#038;utm_medium=cpc&#038;utm_campaign=Demat+Account&#038;utm_content=Sitelink&#038;gad_source=1&#038;gclid=CjwKCAiAibeuBhAAEiwAiXBoJOxqC930iY7l3H-v8_T8NDThnAYrAbLjBuxNLqjT1dLHLoWoH_LtLxoCH_0QAvD_BwE\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Open Free Demat Account<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"PRE-MARKET REPORT The domestic equity market indices, Sensex and Nifty 50, are expected to open higher on Tuesday&hellip;","protected":false},"author":5,"featured_media":37260,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[42],"tags":[46,48,692,693,47],"class_list":{"0":"post-39478","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-morninger","8":"tag-market-news","9":"tag-nifty-today","10":"tag-opening-bell","11":"tag-pre-market","12":"tag-sensex-today","13":"cs-entry","14":"cs-video-wrap"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gift Nifty indicates a positive start for the Indian stock indices; 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