Market Updates: Nifty 50 and Sensex Movements, Top Gainers and Losers, Global Market Recap, and More!

The stock market is abuzz with activity as investors eagerly track the latest market news today. The Nifty 50 and Sensex movements are closely watched, along with the top gainers and losers in the market. Investors are also keeping an eye on how the Asian and US markets fared, as well as which sectors led the charge or declined.

One of the key highlights of the day is the Vraj Iron and Steel IPO, with the final date for bidding passing and the allotment expected on July 1, 2024. The issue price range was ₹195-207, and shares are trading at a 75% premium in the grey market.

In other news, FPI inflows into Indian equities surged in June, with experts predicting a strong second half of the year due to economic growth prospects, potential rate cuts, and positive sentiment. Sumeet Bagadia of Choice Broking has recommended three stocks for Monday, July 1, 2024 — Tata Motors, Britannia Industries, and ONGC.

The market wrap for the week concluding on June 28, 2024, highlights the top market movers and news of the week, including updates on companies like Indus Towers and JSW Infrastructure. Additionally, the Nifty 50 ended the first half of the year with healthy gains, raising hopes of crossing 26,000 by December.

India’s inclusion in JPMorgan’s emerging market bond index is expected to attract significant inflows, with estimates ranging from $20 billion to $25 billion over the next 10 months. The Nifty’s recent surge from 23,000 to 24,000 was driven by the top five stocks, contributing 71% of the gains.

Overall, the stock market is witnessing dynamic movements and investor opportunities, with key triggers like the upcoming Union budget and corporate earnings expected to drive further growth. Stay tuned to Mint’s market blog for real-time updates on all things Dalal Street and global markets.