Stock Market News: Commodity Prices, Stocks In Focus And Other Factors Likely To Impact Trade Today

Stock Market Today: The headline indices have started July on a positive note as the Sensex and the Nifty ended with marginal gains on July 1. The Sensex closed at 83,697.29 up by 90.83 points or 0.11 per cent on the other hand the Nifty 50 also finished the session at 25,541.80 up by 24.75 points or 0.1 per cent. After a positive start the indices are expected to begin today’s trade on a flat note.

Notably the GIFT Nifty traded 0.1 per cent higher at 25,682 levels in pre-market hours. The market is expected to factor in domestic triggers such as the release of the automotive sales data for the month of June in today’s trade.

Meanwhile the headline indices opened flat with a positive bias. The Sensex opened 93.43 points higher or 0.11 per cent at 83,790.72 and the Nifty 50 opened 46.5 points higher or 0.18 per cent at 25588.3.

Crude Oil Prices On July 2

Crude oil prices gained in the early hours of July 2 with West Texas Intermediate trading around $65.48 per barrel up by $0.03 or 0.05 per cent. Around the same time Brent Crude traded at $67.16 per barrel up by $0.05 or 0.07 per cent.

Gold Prices Today

The price of 1 gram of 24 karat purity gold was around Rs 9,841, the price of one gram of 22 karat gold around Rs 9,021 and the price of one gram of 18 karat gold was around Rs 7,381 according to the goodreturns website.

Stocks In Focus On July 2

Lupin Share Price

Lupin shares are expected to be in focus on July 2 after the the informed the exchanges that it has gotten approval from the United States Food and Drug Administration (US FDA) for its Abbreviated New Drug Application (ANDA). The approval has been granted for Loteprednol Etabonate Ophthalmic Gel, 0.38% which is used to relieve postoperative inflammation and pain after eye-surgery.

RITES Share Price

RITES shares are likely to be in focus on July 2 after the company informed the exchanges that it has bagged an order from African Rail Company. The size of the order is $3.6 million. The company has also received a Letter of Acceptance (LOA) for a redevelopment project, worth Rs 37.81 crore, from South Western Railway.

Exicom Tele-Systems Share Price

Shares of Exicom Tele-Systems are expected to be in focus on July 2 as the company’s board of directors has approved a rights issue consisting of 1.81 crore shares worth Rs 259.41 crore

Paras Defence and Space Technologies Share

Paras Defence and Space Technologies Ltd informed the exchanges that CERBAIR, a France based UAV maker, wants to acquire up to 30 CHIMERA 200 systems from the company’s subsidiary Paras Anti Drone Technologies. The estimated size of the deal is Rs 22 crore.

Asian Paints

Asian Paints shares are likely to be in focus on July 1 after the Competition Commission of India (CCI) ordered its Director General (DG) to look into allegations of abuse of market dominance by the company. Notably the CCI investigation follows a complaint by Grasim Industries.

US Markets On July 1

On July 1, Wall Street indices closed mixed with the Nasdaq Composite and the S&P 500 finishing the session lower by 0.82 per cent and 0.11 per cent respectively. However the Dow Jones Industrial Average finished in the green at 44,494.94 levels up by 400.17 points or 0.91 per cent.

How Asian Markets Are Trading On July 2

The Nikkei 225 opened lower and declined 306.94 points or 0.77 per cent soon after the market opened. On the other hand the Hang Seng opened higher, at the time of writing the index traded higher by 0.65 per cent. At the time of writing South Korea’s KOSPI and China’s Shanghai Composite index declined 1.27 per cent and 0.05 per cent respectively.