A positive global market environment is expected to boost India’s benchmark indices Sensex and Nifty50 on Friday. SGX Nifty, a leading indicator, was up 0.41% or 76 points early this morning.
Due to weak global cues, markets closed Thursday’s session 0.3% down.
As gold prices rose, silver prices rose to 72,600 per kilogram, and Brent crude oil prices rose to $75 per barrel.
Markets rise on progress on the US debt ceiling
Dow Jones closed 0.47% higher, while S&P 500 gained 0.99%. The tech-heavy Nasdaq gained 1.28%.
On Friday, Asian markets rallied, led by Hang Seng, which rose 3.38%, followed by Taiwan Weighted, which gained 1.15%. KOSPI gained 0.95%, Nikkei 225 gained 0.75%, and Shanghai Composite gained 0.71%.
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On Thursday, the government’s offer for sale was subscribed 3.46 times, reflecting a strong response- Sensex and Nifty50
According to Maruti Suzuki, sales rose 15.45% YoY in May to 1.44 lakh passenger vehicles from 1.24 lakh a year earlier.
In May, Hero MotoCorp sold 5.19 lakh units, up from 4.87 lakh units a year earlier.
In May, Tata Motors sold 45,984 domestic passenger vehicles, up 6% from 43,392 units a year earlier.
The two- and three-wheeler maker reported a 9% YoY increase in sales to 3.3 lakh units in May from 3.03 lakh units in April.
The Adani Enterprises subsidiary Adani Road Transport has terminated its agreement with Macquarie Asia Infrastructure to acquire a 100% stake in Swarna Tolley and a 56.8% stake in Gujarat Road and Infrastructure Company.
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