Market News Updates: Stay Informed with Live Updates on Nifty 50, Sensex, and Global Markets – 15 Jun 2024

The stock market is always buzzing with activity, and today is no different. Here are the latest updates from the market:

1. Morgan Stanley has downgraded chemical stocks such as Tata Chemicals, Aarti Industries, and SRF due to ongoing challenges. The preference for commodity chemicals was highlighted amidst market conditions.

2. SAMCO is baffled by the post-election rally in Indian markets, with limited Nifty upside due to high valuations. They have a positive outlook on sectors like Durables, Materials, FMCG, and Tech, with picks including Jubilant FoodWorks, Metropolis Healthcare, and Senco Gold.

3. A comprehensive weekend wrap-up of the week’s highlights, including top market movers and news, has been provided for the week concluding on June 14, 2024.

4. Gold and silver prices today on June 15, 2024, show that 10 gm of 24-carat gold was priced at Rs. 73735.0 in Delhi, while 1 kg of silver was priced at Rs. 88010.0 in Delhi.

5. Sumeet Bagadia of Choice Broking has recommended buying or selling three stocks for Tuesday, June 18: Bajaj Finserv, Reliance Industries, and Tata Steel.

6. The Indian stock market will be closed on Monday, June 17, for Bakri Eid, with normal trading resuming on June 18. Sensex and Nifty 50 closed higher on Friday, June 14, led by the auto and consumer durable sectors.

7. Taylor Swift’s Eras Tour in London is boosting consumer spending, potentially delaying a Bank of England interest rate cut. Analysts predict a cut in August, but Swift’s impact on inflation data could affect the timeline.

8. Adani Ports and JSW Infra are both poised to benefit from the increasing trend of containerization, lower coastal transportation costs, and favorable policies driving cargo volumes to new records.

9. Gold prices are on track to hit their first weekly gain in four weeks on renewed US Fed rate cut hopes, with prices rising more than one percent.

Stay tuned for more updates on the market as the day unfolds. Follow Mint’s market blog for real-time updates on your favorite companies and all things Dalal Street and global markets.