Share Market Live Updates July 3: Domestic stock markets are expected to rally on Wednesday, July 3 due to positive momentum in global markets. As Asian markets rallied today, US stock markets closed higher on Tuesday amid rising expectations of Fed rate cuts this year.
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Below are the key indicators for Sensex-Nifty today
Asian Market: Asian markets rallied after the release of economic data. Japan’s Nikkei 225 rose 0.84 percent to above 40,000, while the Topix gained 0.08%. South Korea’s Kospi rose 0.26% and the KOSDAQ index rose 0.5%.
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Gift Nifty Today: GIFT Nifty was trading at 24,340, a premium of around 140 points from the previous close of Nifty futures. This bodes well for Indian stock market benchmark indices Sensex and Nifty.
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State of Wall Street: US stock indexes closed higher on Tuesday, led by gains in megacap growth stocks and shares of Tesla. The Dow Jones Industrial Average rose 162.33 points to 39,331.85, while the S&P 500 gained 0.62%. It closed at 5,509.01. The Nasdaq Composite was up 149.46 points, or 0.84%, at 18,028.76. Meanwhile, Tesla shares jumped 10.2%. Shares of Apple rose 1.6%, while Amazon and Alphabet also rose.
Sensex-Nifty slips after touching record highs
Indian stock market benchmark indices closed marginally lower on Tuesday after touching fresh record highs. Sensex touched an all-time high of 79855.87 and Nifty 24,236.35. The Sensex closed down 34.74 points or 0.04% at 79,441.45, while the Nifty 50 closed down 18.10 points or 0.07% at 24,123.85.