Indian Indices:
The focus today will be on the June Services PMI data which will offer further cues over the health of Asia’s third biggest economy. India's NSE index rose to a 10-month high on Monday as Tata Motors rallied after posting stellar auto sales for June, with broader sentiment underpinned by a continued recovery in global markets
from Britain's shock vote to leave the European Union..The S&P BSE Sensex and CNX Nifty rose 0.51%-0.49% each.
On Monday (July 04, 2016), the 30-share Sensex climbed by 133.85 points or by 0.49% to close at 27278.76, while the NSE Nifty ended at 8370.70 up by 42.35 points or by 0.51%.
Global Market:
Asian shares snapped a five-day winning streak on Tuesday as investors took stock of a rally driven by hopes that central banks will provide more stimulus to offset a likely downturn triggered by Brexit.
US Stock market were closed on account of Independence Day.
European shares ended a four-day winning streak on Monday, with battered banking stocks offsetting gains among mining shares boosted by higher metals prices.
Major Headlines of the day:
• ICICI Bank sells Essar steel loan exposure to Edelweiss ARC.
• Ramco Cements gets green nod to expand power plant in TN.
• JSW cement, Nirmal among buyers for Lafarge assets.
Trend in FII flows: The FIIs were net buyers of Rs 182.28 Cr in the cash segment on Monday while the DIIs were net buyers of Rs 377.45 Cr, as per the provisional figures.
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