Stock Market Today: Sensex, Nifty 50 likely to start on a quieter note; Adani Wilmar, JSW Steel in focus

Stock Market Today: Due to negative market movements worldwide, Indian equity benchmarks Nifty 50 and Sensex are set to open Thursday's session down. Before the opening bell on Dalal Street, the GIFT Nifty futures, which provide as an early predictor of the Nifty 50 index, were down 42 points or 0.22 percent at 19,470.

Tokyo stocks and Wall Street

On Thursday, Tokyo stocks began lower, continuing losses on Wall Street as minutes from the Federal Reserve's June meeting hinted at further interest rate increases.The broad Topix index fell 0.53 percent, or 12.18 points, to 2,293.85, while the benchmark Nikkei 225 index was down 0.83 percent, or 277.77 points, at 33,060.93 in early trade.
As investors analysed the minutes from the most recent meeting of the U.S. Federal Reserve and prepared for crucial economic data in the coming days, Wall Street's major indexes concluded the day with small dips on Wednesday.

Stock Market Today: Oil prices steady

Early Asian trading on Thursday saw little movement in oil prices as concerns over a sluggish demand rebound in China outweighed the likelihood of tighter supply due to output curbs from Saudi Arabia and Russia as well as a larger-than-expected drop in U.S. crude storage.

Stocks in focus

Adani Wilmar

For the first quarter that concluded in June, Adani Wilmar produced solid double-digit volume growth at a rate of 25%. Sales, however, dropped 15% as a result of a substantial reduction in the cost of edible oil.

DCB Bank

Tata AMC has been given permission by the Reserve Bank of India to purchase a 7.5% or more interest in DCB Bank.

Marico

Consolidated revenue decreased in the low-single digits in the first quarter compared to the same period last year due to pricing interventions in important domestic portfolios and additional price decreases in Saffola edible oils.

Steel JSW

Starting on July 13, JSW Steel Ltd will take the place of Housing Development Finance Corporation (HDFC) in the S&P BSE Sensex.

Disclaimer: (This piece of information is purely informational. It is important to note that offers, discounts, and/ or any other scheme/ information/ statistics must be personally verified by the readers from the respective sources. Readers are advised to invest or purchase solely at their own risk. DNP News Network Private Limited, website or the writer doesn’t validate the offers in any context. We will not be liable for any financial or other losses.)

Must Read – Amazon Sale: From Philips Multi Grooming Kit to Gillette Fusion Proglide Trimmers, checkout this list selling at huge discounts

Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER