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ENBEE Trade & Finance Partners with Sunrise FinServe to Boost Lending
ENBEE forms alliance with Sunrise FinServe to scale loan disbursements, drive financial inclusion, and expand in Maharashtra & Gujarat.
Global Events
US Markets Negative and
European - Asian Markets Mixed
Nikkei down 263 (-0.69%), Hang S. down 97 (-0.40%),
Taiwan down 197 (-0.88%), Kospi UP 14 (+0.51%),
Shanghai down 0.65 (-0.02%), St.T UP 9 Points (+0.24)
GIFT Nifty UP 25 Points (25,237)
DOW Future down 175 Points
NASDAQ Futures down 97 Points
Brent Crude UP 2% and near $69.33/ bbl level.
Oil rallies as Trump doubt Iran Talks,
Sees China's deal done
US Dollar dip on tariff threat,
10 Year bond yield slips to 4.40
US inflation came in softer than expected in May.
Headline CPI rose 2.4% YoY. slightly above
April's 2.3% but below the 2.5% forecast.
The PPI for May is projected to increase
from 2.4% to 2.6% YoY. Underlying PPI figures
are expected to remain at 3.1% higher,
unchanged compared to April's Print.
US Treasury Secretary Scott Bessent commented that
trade fairness with China could be achieved through
reduced exports to the US or by rebalancing
the world's largest economies.
Chinese Commerce Minister Li Chenggang said that
talks "involved in depth exchanges and
communication had been rational and candid.
-
All eyes on Major events today
GBP : GDP Data MoM
USD : PPI Data MoM, Unemployment Claims
World Markets.....
US Market Negative
Dow Jones down 1 (-0.01%); NASDAQ down 99 (-0.50%), S&P down 16 (-0.27%)
European Market Mix
FTSE UP 11 (+0.13%), CAC down 28 (-0.36%), DAX down 38 (-0.16%).
Asian Markets Mix
Domestic Events
World Bank retains India's FY26 growth
at 6.3% amid global uncertainties.
In April, the World Bank had lowered
India's growth projection for
2025-26 to 6.3 per cent from its
January forecast of 6.7 per cent
-------------------
Dollar Index down 0.33% at 98.40
Brent Crude down 0.62% and near $69.33/bbl levels,
Rupees UP 11 Paisa to close at 85.51 against US$
Sector Watch
Defence, Railway FMCG, Oil & Gas, Oil Exploration,
Healthcare, Pharma, Insurance, White Goods, Chemical
Sector Avoid
OMCs, Paints, Tyres and Auto
Indian Markets Trend
With positive start,
Momentum to continue in near term
Nifty-50 likely to touch 25200 & Sensex 82700 levels
Selected Small - Mid cap stocks to remain in focus
----
All eyes on....
Nifty weekly expiry today
India CPI data announcement today
Primary Markets
Oswal Pumps Mainboard IPO Opens on 13th June
Price Band Rs 584 to 614
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