US markets today | The US stock market opened in the green on Thursday after a jobs report far below expectations helped to temper rate hike expectations. The Dow Jones Industrial Average ticked up roughly 0.5%, while the S&P 500 nudged up a slighter 0.4%. The Nasdaq Composite picked up 0.3%..
US jobs data | The US economy added 57,000 jobs in June, well below expectations of 115,000. The unemployment rate fell to 4.2% as labour force participation declined, while softer hiring reinforced expectations the Federal Reserve may keep interest rates unchanged.
Adani Enterprises | Adani Enterprises launched a qualified institutional placement to raise up to ₹10,000 crore. The indicative issue price was set at ₹2,883 per share, implying a 9.2% discount to the previous closing price and an estimated 2.6% equity dilution.
Fuel Prices | Petroleum Minister Hardeep Singh Puri said a cut in retail fuel prices is not under consideration, adding lower global crude prices must persist for 2–3 months before any revision can be considered as higher-cost inventories are still being sold.
Nifty Outlook for July 3: The Nifty’s decisive close above its 100-day moving average of 24,110 has strengthened the near-term bullish outlook. Analysts believe momentum could extend further if the index sustains above 24,200-24,250, opening the door for a rally towards 24,500-24,600. Immediate support is placed at 24,000, with a stronger cushion around 23,850-23,800. Technical experts say the breakout above recent consolidation and key moving averages reinforces the positive bias, though a fall below 24,000 could drag the index back into a range-bound phase.