Volume buster: Mro-Tek Realty, Swastik pipes, Orient Ceratech, and more have been large buyers
Nifty index indicates the Nifty50 is likely to open in green with 74 points at 19,474 level. The dollar index is at 102.27 seeing an fall of 0.87 per cent.
The crude oil trades at $ 73.66 on 9th july. Securities in Ban for Next Trading Day Friday was a rough day for domestic shares as investors decided to cash in their gains, influenced by weak global cues.
FMCG, banks and realty shares corrected while media and PSU banks bucked the trend. Global equities slipped due to a surge in US bond yields, driven by expectations of a prolonged period of high interest rates.
The release of US private payroll data, showing a significant increase, only added fuel to the fire. Market participants are eagerly awaiting the release of key US non-farm payroll and unemployment data, which will offer insights into the Federal Reserve's policy direction ahead of its July meeting.
Investors are being cautious, considering the potential negative effects of upcoming interest rate hikes, as well as the strength of the US dollar and rising crude oil prices, which are being supported by OPEC cuts. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
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