First deal: Fair index opens, changed to 24,700+ pretty; it is the highest sector profiter
Despite the ongoing Israel-Iran tensions, Indian stocks have despite aggravated global tensions. In the Open, the Nifty50 fell to 24,709 after the green opening, down 9 points or 0.04%, while the BSE Sensex fell to 81,084.77, down 34 points. Meanwhile, the high-beta-beautiful banking index rose by 30 points or 0.05%.
From the broader market, the SmallCap index trades lower, while mid-cap stocks rise.
Although there has been no panic in Indian stocks so far,
It is believed that the market will be severely affected only if Iran’s closing of the strait of Hormuz triggered a huge crude oil surge. Now this seems to be a low probability event.
Watched stocks
Belrise Industries: The newly listed company will announce its fourth-quarter results today.
Tanla Platform: The company’s board meeting is scheduled to consider stock buybacks today.
Zee Entertainment: Plans to hold a company board meeting to discuss business plans and fundraising options.
Lloyds Engineering: The company’s 3.085 billion shares will be listed.
Bajaj Finance: The company’s shares will be split before trading and former Bons today. The company announced a 4:1 bonus stock issue, as well as a Rs 2 to Rs 1 split.
technology
Zee Business Management Editor Anil Singhvi expects the Nifty50 index to be at the 24,550-24,675 level and to gain a stronger support zone on Monday, June 16 at the 24,450-24,525 level. For Nifty Bank, for Nifty Bank, the market guide expects to be at the 54,825-54,825-54,825-54,54,54,54,54,54,54,54,54,54,54,54,54,54,54,54,54,54,54,54,54,54,54,54,54,54,54,54,54,54,54,54,54,54,54,54,95.
Asian market
Asian stocks changed only a little at Monday’s meeting, as risky sentiment took over in the Iran-Israel conflict. In addition, a series of central bank meetings will be queued this week. The MSCI Asia Pacific EX Japan Index trades at 0.11%.
The mixed publicity of economic readings from China puts local stocks on the edge. Other regional stocks get clues from negative meetings
