Share Market LIVE: Sensex, Nifty set for positive start; Gift Nifty in green
₹790.40 crore, while DIIs sold shares worth a net amount of ₹2,964.23 crore.Vinod Nair, Head of Research at Geojit Financial Services said, “Global equities declined due to a spike in US bond yields, fuelled by expectations of a prolonged high-interest rate environment following a sharp increase in US private payroll data. Investors are eagerly awaiting the release of key US non-farm payroll and unemployment data today, which will provide further clues on the Fed's policy direction ahead of its July meeting."The U.S. added the fewest jobs in 2-1/2 years in June, although persistently strong wage growth pointed to still-tight labour market conditions, U.S.
government data showed. The Fed is still widely expected to raise rates at its meeting later this month after pausing in June, as job growth remains above the pace in the decade before the pandemic.Today, the initial public offering (IPO) of Cyient DLM Ltd is set to enter the secondary market as its listing date has been scheduled for Monday, July 10, 2023. As per the information available on the official website of the Bombay Stock Exchange (BSE), the equity shares of Cyient DLM Limited will be listed and traded under the 'B' group of securities.Stock market experts anticipate a positive listing for the Cyient DLM IPO.
They suggest that in a bullish scenario, the opening share price may range between ₹450 and ₹480. However, in a bearish scenario, the shares could list at approximately ₹400 to ₹420. (Read More)Wall Street's main indexes ended lower on Friday in a seesaw session, as investors digested a U.S.
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