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Informist, Friday, Jul. 17, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Nifty 50 July ends at premium of 10.70 points to spot index

 

MUMBAI--1540 IST--The July futures contract of the Nifty 50 closed at a premium of 10.70 points to the spot index Friday. Open interest in the contract was down over 2% from Thursday to around 15.10 million, according to provisional data.

 

--Nifty 50 closed at 24334.30 points, up 261.55 points or 1.1% vs Thursday

--Nifty 50 July closed at 24345.00 points, up 248.60 points or 1.0% vs Thursday

 

Nifty 50 options, expiring Tuesday, with maximum change in open interest:

Call: 24700, Put: 24200

 

Nifty 50 options, expiring Tuesday, with maximum open interest:

Call: 25000, Put: 23000

(Eshitva Prakash)

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Equity Alert: European indices fall, technology stocks face selling pressure

 

MUMBAI--1442 IST--Major stock indices in Europe were in the red in early hours of trading Friday, with only the UK's benchmark FTSE 100 moving between gains and losses. Mimicking the stock movement in Asia earlier and in the US overnight, technology stocks in Europe fell sharply. The STOXX Europe 600 Technology index was down over 3%. Meanwhile, the pan-European STOXX Europe 600 was down close to 1%. 

 

Shares of companies linked to semiconductor equipment making and development of artificial intelligence fell. STMicroelectronics, Soitec, and Aixtron were down 7?ch, BE Semiconductor Industries, and Infineon Technologies around 6%, and ASML Holding about 5%. Shares of big software companies such as Amadeus IT Group and SAP did not face selling pressure. SAP was up 0.8% and Amadeus was only 0.5% lower. Luxury stocks also hit a took a hit in trade early Friday. Shares of LVMH, Hermes International, Kering, and Salvatore Ferragamo were down 1-3%. 

 

Among others, British luxury retailer Burberry Group posted its earnings for the quarter ended June. Its retail sales grew 5% on year to 455 million pound sterling (INR 58.9 billion). Its like-to-like retail sales were up 5% for the quarter. The brand witnessed strong demand in its heritage rainwear, lightwear jackets, and seasonal products, Burberry said in an earnings release. On a constant currency basis, sales rose 4% year-on-year.

 

Sales of the luxury designer company in all regions except for Europe, West Asia, and Africa increased on year. Revenue from this region fell 3%, impacted by the war between the US and Iran. The company revised its guidance upwards for the first half of the financial year ending March. Wholesale revenue is now expected to grow in high single digits, as compared to mid-single digits earlier. Shares of Burberry, however, fell around 7?spite healthy growth in the company's June quarter earnings.

 

"There is scope for modest near-term upside if the market buys the China rebound, but the recovery story is only just starting and much of it could well already be priced in," Adam Vettese, market analyst at eToro, was quoted as saying by The Daily Mail.

 

Following were the levels of major European indices at 1440 IST:

 

Index	Level	Change in %
FTSE 100 Index	10568.95	(-)0.03
CAC 40	8309.17	(-)0.82
FTSE MIB INDEX	51917.04	(-)0.87
DAX PERFORMANCE-INDEX	24717.33	(-)0.80
SLI PR	2286.48	(-)0.19

 

(Ruchira Kagita)

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Equity Alert: Indices off highs; IT cos, bks up; broader mkts underperform

 

MUMBAI--1353 IST--Indices came off highs in afternoon trade as shares of multiple banks and financial services companies were off highs. With most of its constituents broadly holding onto gains, the Nifty 50 index managed to stay in positive territory but slipped closer to the 24200 level. Select information technology companies extended their gains, while shares of banks and financial services companies were also up in the 50-stock index.

 

At 1352 IST, the Nifty 50 index was at 24219.6, up 0.6%, while the BSE Sensex was at 77805.71, up 0.8%. Broader markets continued to underperform their benchmark peers. Nifty small-cap indices were down 0.6-1.1% and Nifty mid-cap indices were down 0.5-0.6%. Tech Mahindra was up nearly 5% and became the top gainer in the Nifty 50 after the company's June quarter consolidated sales beat the Street's view. Jio Financial Services was up nearly 4% and after the company's June quarter net profit and sales figures nearly tripled on year. Both stocks were the top gainers in the Nifty 50 and Nifty 200 indices. Index heavyweight Reliance Industries was up nearly 2% ahead of its Apr-Jun results later in the day. Hindalco Industries fell further, down 2%, and became the worst performer in the 50-stock index.

 

Shares of Federal Bank of India gained 5?ter the lender's net profit of INR 11.77 billion for the June quarter broadly mirrored the Street's view. The bank's total income came in at INR 82.87 billion. On the other hand, Central Bank of India was down nearly 2?ter the bank reported a net profit of INR 13.24 billion on total income of INR 106.78 billion. 

 

Afcons Infrastructure, up 5%, continued to be the top gainer in the Nifty 500 index while CEAT, down over 7%, remained the worst performer in 500-stock index after the tyremaker missed the Street's view for its June quarter profit and sales. (Shruti Nair)

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Equity Alert: Asian indices fall, Japan's Nikkei 225 enters correction zone

 

MUMBAI--1345 IST--Indices in Asia fell Friday due to selling in technology stocks and renewed concern related to the war in West Asia. Most benchmark indices in the region posted losses on a weekly basis as well. Japan's Nikkei 225 index entered the correction zone after it slipped as much as almost 14% intraday to 62704.60 points. Sharp fall in major technology stocks in the US overnight dampened investor sentiment in Asia. 

 

Japan's key 225-stock index closed 4% lower Friday and fell more than 6% for the week. On a weekly basis, the index fell for the second time in a row. Friday, 152 constituents of the Nikkei 225 declined while 71 rose. 

 

"The long-term trend for AI and data centres is unchanged, but right now investors are worried that memory chip prices can rise sustainably," Daisuke Hashizume, a senior strategist at Daiwa Securities, told Reuters. Japan's broader market index, TOPIX, also closed in the red on an intraday and weekly basis.

 

South Korea's KOSPI ended its truncated week almost 9% lower. The index in fact posted losses for the fourth consecutive week. This is its longest losing streak in at least two years. Over these weeks, it shed nearly 25%. The country's stock market was closed Friday for Constitution Day. China's CSI 300 index also declined for the fourth week in a row by over 5%. During this period, it lost over 8%. 

 

The following are the levels of key indices in the region at 1345 IST:

 

Index	Level	Change in %
Nikkei 225 Day	64141.12	(-)4.03
TOPIX FIRST SECTION	3919.21	(-)2.72
S&P/ASX 200 Index	8796.70	(-)0.50
Hang Seng Index	24507.33	(-)2.00
CSI 300 Index	4529.0953	(-)3.60
FTSE Singapore Strait Times	5507.37	(-)0.58

 

(Ruchira Kagita)

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Equity Alert: Indices rise more; bks, financial cos lead gains in Nifty 50

 

MUMBAI--1237 IST--Benchmark indices rose further with the shares of banks, financial services, and information technology companies leading the gains in the Nifty 50 index. With more than half of its constituents in positive territory, the 50-stock index inched closer to the 24300 level. Notably, the broader markets underperformed their benchmark peers, with the Nifty small-cap indices falling 0.8–1.1% and the Nifty midcap indices shedding 0.7?ch.

 

At 1235 IST, the Nifty 50 index was at 24280.65, up 0.9%, and the BSE Sensex was at 78008.44, up 1.1%. Jio Financial Services was up nearly 4% and the top gainer in the 50-stock index after the company's consolidated net profit nearly tripled on year to INR 8.30 billion for the June quarter. The company's revenues for the June quarter more than tripled on year to INR 20.04 billion. Index heavyweights ICICI Bank and HDFC Bank were up around 2% and 1%, respectively.

 

Reliance Industries was up nearly 2% ahead of its June quarter earnings due later in the day. Analysts expect the conglomerate's consolidated net profit to rise 5% on year to INR 190 billion, while anticipating a 29% on-year jump in its sales to INR 3.15 trillion. JSW Steel, also set to release its June quarter earnings later in the day, was up nearly 1%. The steelmaker is expected to report a 46% jump in its consolidated net profit to INR 31.8 billion for the June quarter, according to analysts.

 

Dr. Reddy's Laboratories, down 1.5%, is the worst performer in the 50-stock index, while its peer Cipla, down over 1%, was also among the worst-hit constituents. Information technology major Wipro was down 1.4?ter the company's consolidated net profit and sales for the June quarter missed the Street's view. Subsequently, several brokerages have cut their target prices on the stock. 

 

Afcons Infrastructure, up 5%, was the top gainer in the Nifty 500 index. On the other hand, CEAT down nearly 7%, was the worst-performer in the 500-stock index after the tyre maker missed the Street's view for its June quarter net profit and sales. (Shruti Nair)

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Equity Alert: Jio Financial rises 6% as Q1 PAT more than doubles YoY

 

MUMBAI--1217 IST--Shares of Jio Financial Services jumped 6% to the highest level in over two months of INR 249.95 after the company reported its earnings for the June quarter. The stock was the top gainer in the benchmark Nifty 50 index after it's consolidated net profit more than doubled on year and its total revenue for the quarter increased by over three times. Jio Financial's assets under management grew 21% sequentially to INR 184.12 billion.

 

Profitability in the company's payments division improved and traction continued in its insurance and asset management franchises, Motilal Oswal Financial Services said. However, its operating expenses were high due to investments into new business and expansion of operations. Total expenses of the company grew nearly 290% on year to INR 10.16 billion for the June quarter. Of this, finance costs accounted for the largest share at INR 4.18 billion, up over 323% on year. Owing to increased operational costs, the brokerage trimmed its earnings per share estimates for the company by 4% for 2026-27 (Apr-Mar) and by 6% for FY28. 

 

Motilal Oswal expects the company's consolidated net profit to grow 46% at a compounded annual rate between FY26 and FY28. The brokerage does not factor in growth from insurance manufacturing, wealth management, broking and marketplace, as they are in their incubation phase. Motilal Oswal has a "buy" recommendation on the stock with a target price of INR 315. 

 

The company would continue expanding across its four strategic pillars spanning borrowing, payments, investments and protection while maintaining its risk discipline and continuing to leverage technology and artificial intelligence to improve operating efficiency, its top executives told analysts in a call post earnings. 

 

At 1135 IST, shares of Jio Financial were trading 3.7% higher at INR 244.41 with trading volumes over 72 million. Volume is around 15 times more than that witnessed until the same time Thursday.  (Ruchira Kagita)

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Equity Alert: CEAT plummets 9?ter co misses Q1 PAT, sales expectations

 

MUMBAI--1215 IST--Shares of CEAT declined over 9% to the day's low of INR 3,471.10 after the company missed the Street's expectations for its June quarter net profit and sales. The stock fell after rising for the past two sessions. However, the volume of the shares traded so far was 12 times higher than those traded on the previous day. The company detailed its Apr-Jun earnings Thursday post-market hours.

 

CEAT reported an over 27% on-year fall in its net profit for the June quarter at INR 980 million. This was way below the analysts' expectation of INR 1.06 billion. Higher costs of raw materials weighed on the company's net profit for the quarter. Its revenue for the reporting quarter, however, rose over 18% on year to INR 41.63 billion. The top line for the reporting quarter came slightly below the expectation of INR 43.64 billion.

 

At 1203 IST, shares of CEAT traded over 7% lower at INR 3,553.90 on the NSE. So far in the day, over 992,000 shares of the company changed hands on the exchange, which was way above 82,429 shares traded till the same time Thursday.

 

Of the nine brokerage recommendations available with Informist on the company, five have a 'buy' recommendation on the stock with an average target price of INR 4,315. Of the remaining four, three have a 'hold' recommendation, and one has a 'sell' recommendation on the stock.  (Arundathi A R)

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Equity Alert: RIL rises 2%, JSW Steel up 1% ahead of Apr-Jun earnings results

 

MUMBAI--1059 IST--Shares of Reliance Industries and JSW Steel rose ahead of their June quarter earnings, due later in the day. Shares of RIL rose 2% to hit an intraday day high of INR 1,323.70, while those of JSW Steel gained over 1% to their intraday high of INR 1,235 on the National Stock Exchange.

 

Reliance Industries is expected to report a 5% on-year rise in its consolidated bottom line to INR 190 billion, according to average of estimates from 12 brokerages. The multinational conglomerate's consolidated revenues for Apr-Jun are seen jumping 29% on year to INR 3.15 trillion despite facing cost and logistical challenges during the period due to the West Asian military conflict. The company's earnings before interest, depreciation and amortisation are seen at INR 457 billion, up 6.5% on year. Brokerages expect on-year operating profit growth across the conglomerate's oil-to-chemicals, retail, and digital verticals.

 

Of the 14 brokerages available on the stock, all have a "buy" or equivalent recommendation with an average target price of INR 1,691. This is 28% higher than the stock's current market price. At 1055 IST, shares of RIL were up nearly 2% at INR 1321.20 on the National Stock Exchange. Over 6 million shares of RIL have changed hands so far on the exchange. This is nearly 1.5 times the 4.1 million shares traded until the same time Thursday.

 

JSW Steel is expected to report strong year-on-year growth in its June quarter earnings on the back of higher steel prices and strong net sales realisation. The steelmaker is expected to report a 46% jump in its consolidated net profit for the June quarter to INR 31.8 billion, according to the average of estimates from 14 brokerages. The company's sales are expected to grow only 3% on year to INR 444.7 billion. The company had already reported a 3% on-year growth in its consolidated production volume to INR 6.59 billion for the June quarter.

 

Of the 16 brokerage reports available on the company with Informist, eight have a "buy" or equivalent recommendation on the stock and four have a "hold" or equivalent recommendation with an average target price of INR 1,443, which is 17% higher than the current market price. The remaining four brokerages have a "sell" or equivalent recommendation on the stock with an average target price of INR 1,136. At 1057 IST, shares of JSW Steel were up over 0.8% at INR 1,230.20 on the National Stock Exchange. Over 347,000 shares of JSW Steel have been traded so far Friday, which is nearly 1.5 times the number of shares traded until the same time on Thursday. (Shruti Nair)

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Equity Alert: Headline indices open up led by IT, auto; Wipro falls 2%

 

MUMBAI--0934 IST--Benchmark equity indices opened higher on Friday led by gains in select automobile and information technology stocks. However, broader market indices opened lower and underperformed the headline indices. Investors sold pharmaceutical and healthcare stocks, as well as shares of media and metal companies. India VIX, the index that measures nervousness on Dalal Street, rose by 1%. Major movements in the market were earnings-led, especially in the large-cap space.

 

At 0923 IST, the 50-stock index was at 24186.90 points, up 114.15 points or 0.5%. On Friday, the index is expected to find support at 23900 points. Analysts expect the indices to trade within a narrow range throughout the session. The BSE Sensex was at 77626 points, up 439.13 points or 0.6%.

    

Traders primarily bought shares of IT firms such as Tech Mahindra, HCL Technologies, Infosys, and Tata Consultancy Services, which traded 2-3% higher. Tech Mahindra posted stronger-than-expected June-quarter earnings, appealing to the Street, on the back of an earlier-than-expected ramp-up of a large European automotive deal.

 

Meanwhile, Wipro shares fell over 2% and were the worst-hit Nifty 50 stock. The company's IT services sales growth guidance fell short of the Street's expectations. Among other large-cap stocks, pharma majors such as Cipla, Sun Pharmaceutical Industries, and Dr. Reddy's Laboratories fell 0.5-0.8%. On the other hand, Jio Financial Services jumped over 4% in early trade. Traders turned substantially bullish on the stock as the June-quarter net profit grew nearly three times on year.  (Gopika Balasubramanium)

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Equity Alert: Nuvama, Emkay cut Wipro price target after weak Q1 results

 

MUMBAI--0914 IST--Multiple brokerages trimmed their price target for Wipro after the company reported weak June-quarter results. The company reported a 4% sequential decline in its consolidated net profit to INR 33.52 billion during the quarter. The company's top line rose 1% sequentially to INR 244.79 billion, growing at the slowest pace in four quarters.

 

The technology major reported a decline in its June quarter sales across regions and business segments. The company's Europe revenues for Apr-Jun were down 0.9% on quarter in constant currency terms. Americas-1 sales declined 2.3%, while Americas-2 sales fell 2.5% sequentially. For the September quarter, the company expects revenue from its information technology services business to be in the range of $2.57 billion to $2.63 billion, translating to a sequential growth of (-)1.5% to 0.5% in constant currency terms.

 

Nuvama Institutional Equities cut its target price on the stock by 18% to INR 210. The company's weak June-quarter performance and soft guidance for the September quarter are likely to result in another year of no growth, following the 1.6?cline in constant currency terms recorded in 2025-26 (Apr-Jun), the brokerage said. The brokerage also trimmed the estimates for FY27 and FY28 by 2% due to slightly lower growth. However, the brokerage maintained a 'buy' recommendation on the stock, citing "highly attractive" valuations at 17 times the FY27 price-to-earnings multiple and 7% dividend yield.

 

Emkay Global Financial Services also cut its target price on the stock by 15% to INR 170 and retained its "reduce" recommendation. The brokerage also lowered its target multiple for the stock to 12 times, reflecting continued weakness in organic revenue. The brokerage tweaked its FY27 earnings per share view EPS by about 0.6% and largely retained its earnings per share estimates for FY28 and FY29 after factoring in the Apr-Jun performance. Brokerage Nomura also cut its target price on the stock by 5% to INR 190. (Shruti Nair) 

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Equity Alert:  Analysts cheer Tech Mahindra Q1 growth in margin, sales 

 

MUMBAI--0855 IST--Tech Mahindra's earnings for the June quarter beat several brokerages' expectations and most of them raised their growth estimates for the company. Analysts cheered the company's sequential margin growth and sales increase in constant currency. In a conference call with analysts post earnings, the company's top executives reiterated their guidance to deliver an earnings before interest and tax margin of 15% in 2026-27 (Apr-Mar).

 

The technology giant's June quarter results beat Emkay Global Financial Services' expectations. Auto program delivery in Europe benefitted the company's sales for the quarter, it was slightly offset by a one-time drag from cloud revenue insourcing and the seasonality impact of its subsidiary, Comviva, Emkay Global said. The company's deal intake was supported by demand across its key verticals and large deal wins in manufacturing and healthcare and life sciences segments. The brokerage cut its earnings per share estimates for the company by 0.7% for FY27 while raising them by about 1.5% for FY28 and FY29. Emkay Global retained its 'reduce' stance on the stock with an unchanged target price of INR 1,450.

 

The company's earnings were above Nomura's estimates too. Its on-quarter revenue growth of 2.6% in constant currency, EBIT margin at 14.4?at the broking firm's expectations. Its expansion in margin was largely driven by its ongoing Project Fortius and currency depreciation, the brokerage said. The ramp-up of two mega deals in the telecommunications vertical won in FY26 should form a significant portion of its growth in FY27, it said in its report.

 

Nomura expects Tech Mahindra to post a revenue growth of 5.9% in dollar terms. Meanwhile, triggers for margin growth will involve artificial intelligence-led productivity gains. It raised its price-to-earnings multiple of the stock to 18 from 16 earlier based on earnings per share estimates for FY28 at around INR 88.5. Its revised target price is INR 1,600, up 13.5% from earlier. Nomura maintained its 'neutral' stance on the stock.

 

Tech Mahindra's June quarter earnings beat Nuvama Institutional Equities' expectations. The company "...delivered a strong start to FY27 with broad-based growth, continued margin expansion and robust deal-wins, setting the stage for the final phase of its transformational journey," Nuvama said. The brokerage upgraded its earnings per share estimates for the company by 3% for FY28, driven by an anticipation for a higher margin. Nuvama maintained its 'buy' recommendation and raised its target price slightly to INR 1,800 from INR 1,750. The company winning orders worth over $1 billion for three straight quarters position it well to beat other large-cap IT peers in FY27, the brokerage said.

 

Tech Mahindra's net profit rose over 8% on quarter to INR 14.65 billion for the June quarter and its its revenue went up by over 4% to INR 157.12 billion. Shares of the company closed almost 1% higher Thursday at INR 1,510.30 on the NSE. The company had reported its earnings after the stock market closed for trading.  (Ruchira Kagita)

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Equity Alert: Indices seen opening tad higher, to move in a range intraday

 

MUMBAI--0825 IST--While benchmark equity indices are expected to open a tad higher and consolidate in a broader range Friday, information technology stocks will take cues from the earnings of Wipro and Tech Mahindra. Traders may also refrain from taking huge bets as the index heavyweights are declaring their results through the weekend. Analysts expect stock-specific movement to prevail in the market as June-quarter earnings season starts full-fledge. JSW Steel and Reliance Industries would report their earnings later during the week.  

 

In Asia, indices fell as sell-off in chipmakers deepened on concern that massive artificial-intelligence investments may not justify lofty valuations of these companies. Japan's Nikkei 225 was down over 3% in early trade, followed by China's CSI 300 and SSE Composite, both falling around 2?ch. These indices also tracked US indices which ended Thursday's session in the red. US-listed memory-chip makers such as SanDisk, Western Digital, and Seagate Technology fell 6-13%. The crude oil price hovering around $85 a barrel also hit on the sentiment. South Korea's Kospi was closed on account of the Constitution day.

 

Till the Nifty 50 holds above 23900 points, a bounce can be seen towards 24250-24450 points, said Mandar Bhojane, a senior technical and derivatives analyst at Chola Securities. The immediate support is at 23750 points. The 50-stock index is expected to open on a positive note and may consolidate within the 23800-24500 range, he added. Intraday resistance is likely near 24500, while strong support remains around 23800 levels, he said.

 

At 0742 IST, the July contract of GIFT NIFTY was at 24092, down 78.50 points or 0.3%. The 50-stock index Thursday settled at 24072.75 points. Over the last several sessions, the index has been consolidating between 23800 and 24200 points broadly. On Thursday, the BSE Sensex closed at 77186.87 points, up by a scant 1.44 points.  (Gopika Balasubramanium)

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Equity Alert: Asian indices fall, selling pressure in tech stocks mounts

 

MUMBAI--0802 IST--Asian stock markets got off to a weak start on Friday, with benchmark indices posting sharp losses in early trade as investors tracked overnight declines in US technology stocks. Japan's Nikkei 225 index and Taiwan's TAIEX were down by nearly 4%, leading losses in the region. Meanwhile, Brent crude oil futures rose nearly 2% from Thursday's lows, hovering around $85 a barrel and further dampening market sentiment.

 

In Japan, stocks related to artificial intelligence and semiconductor equipment manufacturing tanked. Heavyweight Advantest Corp. plunged more than 10%, while Tokyo Electron and Renesas Electronics Corp. fell around 8%. Murata Manufacturing Co. and Disco Corp. dropped nearly 9%, and Keyence Corp. lost by about 4%. TOPIX, Japan's broader market index, was down over 2%. 

 

In Taiwan, the semiconductor giants Taiwan Semiconductor Manufacturing Co. was down by almost 4% and MediaTek was down by nearly 7%. Shares of Hai Precision Industry, commonly known as Foxconn, shed over 2%. Hong Kong's benchmark index, Hang Seng, snapped its five-session winning streak and slipped into the negative territory. South Korea's KOSPI was closed for Constitution Day. 

 

"Asia's AI trade thesis is being tested again. After a strong rally so far this year - led by semiconductors - concerns have resurfaced about potential overcapacity in the AI build-up," Reuters quoted analysts at HSBC as saying. 

 

The following are the levels of key indices in the region at 0759 IST:

 

Index	Level	Change in %
Nikkei 225 Day	64100.66	(-)4.09
TOPIX FIRST SECTION	3930.34	(-)2.44
S&P/ASX 200 Index	8769.90	(-)0.80
Hang Seng Index	24741.04	(-)1.07
CSI 300 Index	4611.0378	(-)1.86
FTSE Singapore Strait Times	5514.60	(-)0.45

 

(Ruchira Kagita)

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Equity Alert: US indices end lower as technology stocks take a beating

 

MUMBAI--0730 IST--Despite a better-than-expected inflation print, weakness in technology stocks dragged down the US indices. The technology-heavy NASDAQ Composite posted the steepest losses Thursday to fall nearly 1.5% while the S&P 500 and the Dow Jones Industrial Average also closed in the red. All the three major indices snapped their two-session winning pace. 

 

SanDisk Corp. tumbled almost 13% and shares of Micron Technology and Intel Corp. fell almost 6%, Advanced Micro Devices and Broadcom by around 5%, Qualcomm and Alphabet over 4%, and those of Nvidia and Meta by more than 2%. The PHLX Semiconductor Sector Index, which tracks 30 stocks involved in semiconductor manufacturing, closed over 4% lower and the S&P 500 Information Technology index was down nearly 2%. In the blue-chip Dow Jones, retail, healthcare and pharmaceutical stocks help limit losses.

 

On the macroecnomic front, the number of people applying for fresh unemployment benefits dropped by ‌8,000 to a seasonally 208,000 for the week ended Jul. 11. This is lower than Reuters' poll of an increase to 217,000. Meanwhile, continuing claims for the week ended Jul. 4 was 1.805 million, down by 16,000 from an upwardly revised total of 1.82 million a week earlier.

 

Following were the closing levels of major US indices Thursday:

 

Index	Level	Change in %
Dow Jones Industrial Average	52552.97	(-)0.20
NASDAQ Composite	25881.946	(-)1.47
S&P 500	7533.77	(-)0.51

 

(Ruchira Kagita)

 

US$1 = INR 96.31

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Saji George Titus

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India

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Government's Press Information Bureau - http://www.pib.nic.in

 

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