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Stock Market LIVE: GIFT Nifty hints at strong start; Asia mixed; S&P, Nasdaq hit record highs
7:06 AM
Stock Market LIVE Updates: Brokerages remain cautious on Asian Paints despite recent rally in stock
Stock Market LIVE Updates: Shares of the largest Indian paint company, Asian Paints, hit a two-month high of ₹2,464, up 2 per cent on the BSE in Thursday's intra-day trade amid heavy volumes. The stock price of the paint company has bounced back nearly 5 per cent from Wednesday's low, shrugging-off the probe by the Competition Commission of India (CCI).
The stock, which has outperformed the Nifty50 over the past month, delivering 7.8 per cent returns compared to 3.5 per cent for the benchmark, ended the day a tad higher.
The CCI has ordered its director general (DG) to investigate allegations of misuse of market dominance by market leader Asian Paints in the domestic market.
7:05 AM
Stock Market LIVE Updates: It has been a volatile first half for crude oil prices as they dealt with geopolitical developments and US' tariff-related threats. Singapore-based Premasish Das, executive director for oil markets research and analysis at S&P Global Commodity Insights, tells Business Standard on the sidelines of their Commodity Market Insights Forum in New Delhi that the oil markets are expecting oversupply and weak demand in the second half of 2025.
On being asked about how oil markets are approaching the July 9 deadline on tariffs, Das said, it is very uncertain. "Initially, the general thinking was that within 90 days of the pause, things would become clearer. But we weren't too optimistic. Getting multiple countries on board for deals in such a short span was always going to be difficult—and that's exactly what's playing out," he added.
7:02 AM
Stock Market LIVE Updates: Cash turnover rises to 9-month high as equity market volumes climb
Stock Market LIVE Updates: Equity cash segment turnover rose for a fourth straight month in June, while the trading volumes for the derivatives segment slipped for a second month.
The rise in the cash market volumes were underpinned by a fourth straight monthly gain in the markets, which lifted the benchmark Sensex and Nifty to their highest levels in nine months.
On the other hand, the regulatory tightening continued to weigh on futures and options (F&O) trading. READ MORE
7:02 AM
Stock Market LIVE Updates: The Securities and Exchange Board of India (Sebi) is encouraging fund houses, through their industry association, to accelerate the launch of micro systematic investment plans (SIPs), as over two-thirds of the mutual fund (MF) industry have yet to introduce them.
According to sources, following a nudge from Sebi, the Association of Mutual Funds in India (Amfi) wrote to fund houses on June 27, seeking information on their plans to offer the ₹250 SIPs. Announced in February, the so-called Chhoti SIP initiative is aimed at enhancing the financialisation of savings. READ MORE
6:59 AM
Stock Market LIVE Updates: Asian markets trade mixed
Stock Market LIVE Updates: Asian markets trade mixed
-- Nikkei up 0.24 per cent
-- ASX 200 rises 0.15 per cent
-- Kopsi slips 0.86 per cent
6:57 AM
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Business Standard
21 minutes ago
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Ananth Tech set to launch India's first private satellite broadband service
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Jane Street fallout: Derivatives trading volumes may be hit
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