Stock Market Live Updates: May retail inflation likely to be around 5%, vegetable prices continue to trouble

Retail inflation based on the Consumer Price Index (CPI) is likely to have risen to around 5 per cent in May mainly on account of rising vegetable prices. The Statistics Ministry will make the data public on Wednesday.

Headline inflation was 4.8 per cent in April and 4.3 per cent in May, last year.

Vegetable prices have recorded a rise. Potatoes and onions are becoming costlier. Experts say the ongoing heatwave is likely to impact prices of vegetables which could go up even further. Vegetables have a weight of over 6 per cent in retail inflation. Apart from vegetables, cereal (over 12 per cent weight) prices have again started inching up. Though pulses (around 3 per cent weight) prices are down, inflation continues to be in double digit.

Stock Market Live Today: Fund Flow Activity: 11 June 2024 

(Rs. In Crs.)

Turnover: (NSE + BSE)

Cash Volume: 124793.35 + 12353.77 Total: 137147.12

F&O Volume: 466697.78 + 182810.92 Total: 649508.7

Provisional Cash

FII/FPI: NET SELL: -111.04 

(15527.24 – 15638.28) 

DII: NET BUY: +3193.29 

(14162.6 – 10969.31)

Stock Market Updates: Key data – 11 June 2024

Closing Bell:

* Sensex: 76456.59 (-33.49)

* Nifty 50: 23264.85 (+5.65)

* Nifty bank: 49705.75 (-75.15)

Nifty top 5 Gainers: 

* ONGC: 273.55 (+14.40)

* Larsen: 3,598.70 (+54.95)

* Adani Ports: 1,403.45 (+19.40)

* Tata Motors : 987.10 (+11.95)

* Maruti Suzuki: 12,863.65 (+146.10)

*Nifty top 5 losers:

* Kotak M: 1,720.00 (-25.65 )

* Divis Labs: 4,475.45 (-60.80 )

* Asian Paints: 2,902.45 (-35.10 )

* Dr Reddys Labs: 6,039.25 (-66.90 )

* Reliance : 2,913.35 (-29.45)

Stock Market Updates: Major US stocks result calendar 12.06.2024

Broadcom Inc. (Post market) (Sector- Technology)

Stock Market updates: Economic Calendar – 12.06.2024 

07:00 CHINA CPI y/y (Expected-: 0.4% versus Previous: 0.3%)

07:00 CHINA PPI y/y (Expected-: -1.5% versus Previous: -2.5%)

11:30 U.K. GDP m/m (Expected: 0.0% versus Previous: 0.4%)

17:30 INDIA Inflation Rate y/y (Expected: 4.9% versus Previous: 4.8%)

17:30 INDIA Industrial Production y/y (Expected: 4.6% versus Previous: 4.9%)

18:00 U.S. CPI m/m (Expected: 0.1% versus Previous: 0.1%)

23:30 U.S. Federal Funds Rate (Expected: 5.50% versus Previous: 5.50%)

00:00 U.S. FOMC Press Conference

Today’s Stock Recommendations: 12 June 2024

Here’s an interesting stock idea: Our stock recommendation for you today is Supreme Petrochem The stock has bounced off from a key trendline support and is looking strong. That keeps the overall uptrend intact. The stock has the potential to rise further from here.