{"id":11766,"date":"2021-07-05T09:03:22","date_gmt":"2021-07-05T03:33:22","guid":{"rendered":"https:\/\/www.fintoo.in\/blog\/?p=11766"},"modified":"2021-07-05T14:20:02","modified_gmt":"2021-07-05T08:50:02","slug":"most-asian-stocks-gained-on-monday-extending-the-rally-that-took-global-equities-to-a-record-high","status":"publish","type":"post","link":"https:\/\/blog.fintoo.in\/blog\/most-asian-stocks-gained-on-monday-extending-the-rally-that-took-global-equities-to-a-record-high\/","title":{"rendered":"Pre Market Analysis \u2013 5th Jul 2021"},"content":{"rendered":"\n<p>Markets for the week ended lower by almost 1% after trading in the range of 15,620-15,900 with USDINR in strong uptrend. FIIs continued to be net sellers amidst record high valuations with comfort emanating from stabilizing Covid-19 cases in the domestic markets. Globally, Covid-19 cases have re-accelerated and markets retraced from record peaks. For the week all eyes will remain on 15,620 in Nifty for activation of follow up selling while 15,900-16,000 will remain resistance zone. The SGX Nifty is is indicating a gap-up opening of 74 points. OPEC+ will resume talks today after failing to reach a deal on output after the UAE opposed the pact<\/p>\n\n\n\n<p>Most Asian stocks gained on Monday, extending the trading rally that took global equities to a record high after a U.S. jobs report signalled the economic recovery remained intact but didn&#8217;t yet warrant any immediate withdrawal of Federal Reserve stimulus. S&amp;P 500 rises for a 7th straight day after strong jobs report, best winning streak in 10 months. Stocks rose on Friday and the S&amp;P 500 hit another record high after the June jobs report showed an accelerating recovery for the U.S. labor market.<\/p>\n\n\n<style>#uid-73a7827edfe1091a  .heading h2 {\n\tline-height: 1.6em;\n\tfont-weight: 400;\n}\n<\/style><div class=\"gutenberg-solo-block--wrapper gutenberg-solo-blocks--heading  gutenberg-blog-solo-heading\" id=\"uid-73a7827edfe1091a\" data-solo-block=\"heading\">\t\t<div class=\"heading\">\r\n\t\t\t<h2><strong>Stocks in news:<\/strong><\/h2>\t\t<\/div>\r\n\t\t<\/div>\n\n\n<p>ONGC commits procurements of over Rs 300 bn, eases business procedures to promote local ventures, support \u2018Aatmanirbhar Bharat\u2019 initiative<\/p>\n\n\n\n<p>Aban Offshore Default on loan from bank at Rs 6.87 bn, Total financial indebtedness at Rs 7.23 bn<\/p>\n\n\n\n<p>Avenue Supermarts Says 1Q revenue increases 31% to Rs 50.3 bn from Rs 38.3 bn year ago<\/p>\n\n\n\n<p>Bharat Forge Says Pay out cost Rs 633.2 mn for Chakan plant VRS plan<\/p>\n\n\n\n<p>HCL Technologies To partner with Fiskars group for digital transformation<\/p>\n\n\n\n<p>HDFC Says assigned loans to HDFC Bank of Rs 54.9 bn in 1Q FY22, Gross income from dividend Rs 160 mn,Profit on sale of investments Rs 2.63 bn<\/p>\n\n\n\n<p>Tata Steel Transferred entire stake in TSAML to TSDPL unit and 26% stake held in HSMS to TSUIS unit<\/p>\n\n\n\n<p>Vodafone Idea Investors still engaging With Vodafone Idea on Fundraising says CEO<\/p>\n\n\n\n<p>Wonderla Holidays- &nbsp;Wonderla Resort in Bangalore is all set to reopen its business from July 5, 2021 with a 50% capacity as a crowd control measure.<\/p>\n\n\n<style>#uid-355c140f1cff8ab9  .heading h2 {\n\tline-height: 1.6em;\n\tfont-weight: 400;\n}\n<\/style><div class=\"gutenberg-solo-block--wrapper gutenberg-solo-blocks--heading  gutenberg-blog-solo-heading\" id=\"uid-355c140f1cff8ab9\" data-solo-block=\"heading\">\t\t<div class=\"heading\">\r\n\t\t\t<h2><strong>Key Events Today:<\/strong><\/h2>\t\t<\/div>\r\n\t\t<\/div>\n\n\n<p>10:30am: Markit&nbsp;India&nbsp;PMI Services for June, prior 46.4<\/p>\n\n\n\n<p>10:30am: Markit&nbsp;India&nbsp;PMI Composite for June, prior 48.1<\/p>\n\n\n\n<p>India&nbsp;Pesticides Ltd.\u2019s shares to start trading after IPO gets 29 times demand for shares offered<\/p>\n\n\n\n<p>Fill in the details and our Income Tax Filing experts will get in touch with you. Hassle-Free Online ITR Filing with Fintoo! <a href=\"https:\/\/bit.ly\/3gUwIS3\">Start e-Filing<\/a><\/p>\n\n\n\n<p>Most Popular Article:&nbsp;<a href=\"https:\/\/www.fintoo.in\/blog\/what-is-sft-must-watch-before-you-file-your-itr\/\">What is SFT? Must watch before you file your ITR<\/a><\/p>\n\n\n\n<p><em>A financial planning platform where you can plan all your goals, cash flows, expenses management, etc., which provides you advisory on the go. Unbiased and with uttermost data security, create your Financial Planning without any cost on:&nbsp;<a href=\"http:\/\/bit.ly\/Robo-Fintoo\" target=\"_blank\" rel=\"noreferrer noopener\">http:\/\/bit.ly\/Robo-Fintoo<\/a><\/em><\/p>\n\n\n\n<p><strong>Disclaimer:<\/strong>&nbsp;The views shared in blogs are based on personal opinion and does not endorse the company\u2019s views. Investment is a subject matter of solicitation and one should consult a Financial Adviser before making any investment using the app. Making an investment using the app is the sole decision of the investor and the company or any of its communication cannot be held responsible for it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Markets for the week ended lower by almost 1% after trading in the range of 15,620-15,900 with USDINR in strong uptrend. FIIs continued to be net sellers amidst record high valuations with comfort emanating from stabilizing Covid-19 cases in the domestic markets. Globally, Covid-19 cases have re-accelerated and markets retraced from record peaks. For the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11769,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[503],"tags":[851,373,1121,1162,332,150,1137,994],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pre Market Analysis \u2013 5th Jul 2021 - Market view\/Stock in focus<\/title>\n<meta name=\"description\" content=\"Markets for the week ended lower by almost 1% after trading in the range of 15,620-15,900 with USDINR in strong uptrend.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.fintoo.in\/blog\/most-asian-stocks-gained-on-monday-extending-the-rally-that-took-global-equities-to-a-record-high\/\" \/>\n<meta property=\"og:locale\" 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FIIs continued to be net sellers amidst record high valuations with comfort emanating from stabilizing Covid-19 cases in the domestic markets. Globally, Covid-19 cases have re-accelerated and markets retraced from record peaks. 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