Market Wrap-Up: Latest Updates on Nifty 50, Sensex, and Global Markets – 30 Jun 2024

The Indian stock market is abuzz with excitement as investors eagerly await the Union Budget 2024-2025. D-Street experts have recommended top picks ahead of Modi 3.0’s first budget, including stocks like Larsen & Toubro, Wipro, HAL, and more. The market is experiencing record highs, driven by strong investor confidence and positive economic indicators.

In other news, the IPO market is set to remain active with companies like Emcure Pharma and Ambey Laboratories gearing up for new issues and listings. Additionally, the stock market will observe several holidays in July, providing traders with some downtime.

Top stock recommendations from Dharmesh Shah of ICICI Securities include buying SBI and Deepak Nitrite Ltd. The market cap of the top 9 most valued firms has surged, adding ₹2.89 trillion in market value, with Reliance Industries leading the pack.

Commodity news reveals the latest gold and silver prices, with gold at Rs. 73990.0 for 10 gm of 24-carat gold in Delhi and silver at Rs. 88090.0 for 1 kg in Delhi.

Looking ahead, key market triggers for the next week include Fed speeches, US and Indian manufacturing PMI data, and global cues. Analysts suggest that if Nifty surpasses and holds above 24,200, it could attract buying interest and push the index towards higher levels.

Stay tuned to Mint’s market blog for real-time updates on all things Dalal Street and global markets.