Global cues remain in focus as Wall Street ended higher and Washington prepares for talks with Iran in Doha, while the US Consumer Confidence Index da…
1/6US Market | US stocks rose on Monday as technology shares recovered after a weak previous week, while investors assessed a pause in hostilities between the United States and Iran. The Dow Jones Industrial Average gained 197 points, or 0.4%. The S&P 500 advanced 0.1%, while the Nasdaq Composite also rose 0.1%.
2/6US Iran Talks | The US and Iran are poised to hold fresh talks on Tuesday in Qatar’s capital, President Donald Trump said via social media on Monday, following a weekend of hostilities in the Middle East. “IRAN HAS REQUESTED A MEETING. IT WILL TAKE PLACE TOMORROW IN DOHA!,” Trump said in a post on Truth Social.
3/6US Consumer Confidence Index | The US Consumer Confidence Index for June is scheduled to be released at 7:30 PM IST. The data will be closely tracked by investors for signals on consumer sentiment and its implications for economic activity and the outlook for financial markets.
4/6Delhi’s new EV policy | Companies such as TVS Motor Company, Bajaj Auto and Ather Energy are well placed to benefit from growth in the electric two-wheeler segment. In the electric three-wheeler segment, Bajaj Auto is expected to benefit. Among charging infrastructure providers, Servotech Renewable Power System is likely to benefit.
5/6India Industrial Output | The Ministry of Statistics and Programme Implementation (MoSPI) on Monday said the Index of Industrial Production (IIP) recorded a growth of 5.1% in May, with manufacturing expanding 5.5% and electricity and gas supply rising 9.9%. Mining and quarrying, however, contracted 1.6% during the month.
6/6New CFOs | Outgoing Axis Bank Chief Financial Officer Puneet Sharma is set to join HDFC Bank as its next CFO, according to people familiar with the matter, in what would mark another significant senior leadership move in India’s private banking sector this year. CNBC-TV18 has also learnt that HDFC Bank’s Nomination and Remuneration Committee is scheduled to meet on Monday, with Sharma’s appointment likely to come up for discussion. Also, HDFC Bank has appointed seasoned bureaucrat Rajiv Kumar as its non-executive chairman for a period of three years.
