Stock Market Today: All You Need To Know Before Going Into Trade On July 9

Asian stock indices followed their US peers and opened higher with Japan's Nikkei rising the most by over 1% to hit its fresh record high of 41,239.06. Topix also rose by 0.5%.

South Korea's Kospi hit its highest level since Jan. 18, 2022 at 2,875.37 and Australia's S&P ASX 200 snapped its two-day fall as investors in the region await country's consumer sentiment and business confidence data due later in the day.

The GIFT Nifty was at 24,394.00, up by 14 points or 0.06% as of 6:30 a.m.

Brent crude was trading flat at $85.72 a barrel and Gold fell rose 0.1% to $2,361.58 an ounce.

US stocks climbed towards new record highs as traders awaited the beginning of earnings season while monitoring developments in the US presidential race and looking for signals on the Federal Reserve's future actions.

The S&P 500 Index and Nasdaq 100 rose 0.06% and 0.05%, respectively, as of 11:11 a.m. New York time. The Dow Jones Industrial Average rose 0.38%.

India's benchmark stock indices closed little changed on the first day of the week due to a lack of any major triggers, even as market participants await first-quarter earnings to give direction to the market. Both the Nifty and Sensex ended little changed at 24,320.55 and 79,960.38, respectively. Intraday, both fell around 0.3%.

Overseas investors remained net buyers of Indian equities for the fourth consecutive day on Monday. Foreign portfolio investors mopped up stocks worth Rs 61 crore, while domestic institutional investors turned net buyers after three days of selling and mopped up equities worth Rs 2,866.8 crore, according to provisional data from the National Stock Exchange.

The Indian currency closed flat at 83.50 against the US dollar.

• Godrej Consumer Products: The company expects double-digit volume growth and high-single-digit growth in value terms across home care and personal care segments in the quarter-ended June, according to provisional business updates released on Monday.

• Bajaj Finserv: Bajaj Alliance General Insurance gross direct premium underwritten stood at Rs 1,234 crore for June and Bajaj Allianz Life total new business premium stood at Rs 1,082 crore.

• Torrent Power: The company signed an agreement with ARS Steeks and Torrent Urja 14 for setting up 50 MWp solar projects in Tamil Nadu.

• Container Corp: The company reported a total throughput of 11.59 lakh TEUs, marking a 6% year-on-year increase. The export-import throughput stood at 2.89 lakh TEUs, reflecting a 3.3% year-on-year rise, while the domestic throughput was 8.69 lakh TEUs, up by 15% year-on-year.

• Jio Financial: Charanjit Attra resigned as Group Chief Operating Officer and will take over as MD and CEO of Jio Leasing Services starting July 9.

• Dixon Technologies: The company will exit the joint venture AIL Dixon Tech and acquire a 6.5% stake in Aditya Infotech as consideration for the divestment.

• Jupiter Wagons: The company opened its QIP and set the floor price at Rs 689.47 per share.

• HFCL: The company’s Netherlands unit has an has an incorporated subsidiary in the UK for making optical fibre cables.

• Nestle India: The shareholders approved the continuation of the current rate of 4.5% as royalty payment to its Swiss parent in the company's annual general meeting held on Monday.

• Utkarsh Small Finance Bank: The company received an RBI nod for the re-appointment of Govind Singh as MD and CEO for three years, effective Sept. 21.

• Pitti Engineering: The company opened its QIP for raising up to Rs 360 crore and set the floor price at Rs 1,054.25 per share.

• Urja Global: The company informed GST authorities that it has been carrying out search operations at its corporate office since July 3.

• H.G. Infra Engineering: The company entered into an MoU with Ultra Vibrant Solar Energy for the execution of a solar power plant project.

• Century Textiles: The company will consider fundraising at its board meeting on July 16.

• Godrej Industries: RKN Enterprises sold 4.25 crore shares (12.64%). Nadir Burjor Godrej bought 2.54 crore shares (7.57%), Tanya Dubash bought 56.94 lakh shares (1.69%), Nisaba Godrej bought 56.94 lakh shares (1.69%) and Pirojsha Adi Godrej bought 56.94 lakh shares (1.69%) at Rs 893.05 apiece.

• Swan Energy: 2I Capital PCC sold 15 lakh shares (0.47%) at Rs 666.2 apiece, EOS Multi-Strategy Fund Aiflnp V.C.I.C. sold 15 lakh shares (0.47%) at Rs 666.2 apiece, Dovetail India Fund sold 12 lakh shares (0.38%) at Rs 666.2 apiece, Paulomi Ketan Doshi sold 1.8 lakh shares (0.05%) at Rs 692.6 apiece and Epitome Trading And Investments sold 1.76 lakh shares (0.05%) at Rs 692.6 apiece. Three Blackrock affiliates acquired 45.56 lakh shares (1.44%) at Rs 668.27 apiece.

• B. L. Kashyap and Sons: Jitendra Mohandas Virwani sold 13.71 lakh shares (0.6%) at Rs 99.95 apiece.

• Platinum Industries: Ajay Kumar Aggarwal bought 3 lakh shares (0.54%) at Rs 233.76 apiece.

• Price band changes from 10% to 5%: Suven Life Sciences.

• Price band changes from 20% to 10%: Suraj Estate Developers.

• Ex/record Dividend: JSW Steel, JK Cement, Polycab India, Persistent Systems, Deep Industries, DCM Shriram.

• Ex/record AGM: Central Bank of India, JSW Steel, JK Cement, Persistent Systems.

• Moved in short-term framework: AGI Greenpac, Dredging Corporation of India, Bhansali Engineering Polymers.

• Keystone Realtors: To meet analyst and investors on July 11, 12.

• AstraZeneca Pharma India: To meet analyst and investors on July 11.

• Gravita India: To meet analyst and investors on July 11, 12.

• Nifty July futures down by 0.02% to 24,375.6 at a premium of 55.05 points.

• Nifty July futures open interest up by 0.48%.

• Nifty Bank July futures down by 0.28% to 52,560 at a premium of 135 points.

• Nifty Bank July futures open interest down by 0.81%.

• Nifty Options July 11 Expiry: Maximum Call open interest at 25,000 and Maximum Put open interest at 24,000. 

• Bank Nifty Options July 10 Expiry: Maximum Call Open Interest at 55,000 and Maximum Put open interest at 50,000.

• Securities in ban period: Aditya Birla Fashion, Bandhan Bank, Chambal Fertilizers, GNFC, Piramal Enterprises, India Cement, Indus Tower, Hindustan Copper.

The Indian currency closed flat at 83.50 against the US dollar.