Share Market Live Updates 12 July: Due to the decline in global markets including America and Asia, Indian stock market benchmark indices Sensex and Nifty 50 are expected to open with a cautious stance on Friday. However, GIFT Nifty trends are indicating a decent start for the Indian market.
Let us tell you that today a decline was recorded in Asian markets, while after the release of inflation data, American stock markets closed in the red on Thursday. Lower than expected inflation data has raised expectations of a interest rate cut by the US Federal Reserve in September.
The key indicators for Sensex today are as follows
Asian Market: Asian markets fell on Friday, with Nikkei leading the pack. Japan’s Nikkei lost 2.29 percent and Topix lost 1.24 percent. South Korea’s Kospi fell 0.94 percent, while the KOSDAQ fell 0.19 percent. Hong Kong Hang Seng index futures showed signs of decline.
Gift Nifty: GIFT Nifty was trading at 24,462 levels, up about 50 points from the previous close of Nifty futures, indicating a positive start for the Indian stock market.
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wall Street: US stock markets closed with a decline on Thursday. The reason for this was the fall in big stocks amid the release of US inflation data. The Dow Jones Industrial Average rose 0.08 percent to 39,753.75, while the S&P 500 fell 0.88 percent to 5,584.54. The Nasdaq fell 1.95 percent to 18,283.41.
TCS Results: Tata Consultancy Services reported net profit of ₹12,040 crore in Q1FY25, down 3.2 per cent from ₹12,434 crore in the previous quarter. The company’s revenue increased 2.2 percent to ₹62,613 crore from ₹61,237 crore.
