Market Highlights and Share Market News by CapitalHeight.

Following a marginal contraction in May, the services sector returned to growth during June and registered the fastest rate of expansion in a year, supported by robust increase in new business orders, said a monthly survey. The seasonally adjusted Nikkei India Services Business Activity Index rose from 49.6 in May to 52.6, registering the fastest growth since June 2017. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction."The service economy returned to expansion territory in June. Encouragingly, the latest performance was the strongest seen in a year, against a backdrop of improving demand conditions."

For Expert Advice Click here: CapitalHeight.

Korean carmaker Hyundai, the second-biggest player in the Indian market, will drive into a $100-million (Rs 6.9 billion) corporate office in Gurgaon. The two-acre office complex on the outskirts of Delhi is under construction and will be home to about eight hundred company executives from early 2020. The carmaker, which has close to a sixteen per cent share in the domestic market, has been operating from rented premises all this while. It currently operates from a 60,000-sq ft office in Delhi's Jasola area spread over three floors.

Underlining its capability of building complex warships and delivering them faster than other private shipyards, and even the four defence public sector undertaking (DPSU) yards, Larsen & Toubro Shipbuilding on Tuesday laid the keels of two "new generation offshore patrol vessels" (NG-OPVs) ahead of its contracted schedule. This is part of an Indian Coast Guard (ICG) order for seven OPVs that L&T won in 2015. It stipulates delivery between 2018-2021, but L&T is determined to deliver all of them early, breaking with defence shipyards' long tradition of late delivery. For 2 days free trail click here:CapitalHeight.

Nifty 50 on Wednesday closed above 10700 level by gaining 42 points and BSE Sensex closed at 2 week high of 35645 by gaining 266 points. It is because of the better than expected macro data and cabinet’s approval to raise MSP for kharif crops. Power Grid, Sun Pharma, HDFC Ltd, RIL, HUL and HDFC Bank, rose up to 1.11% while Vedanta, ONGC, Tata Motors, Adani Ports, SBI, Yes Bank, Tata Steel, TCS, Bharti Airtel, Hero MotoCorp, Infosys, Asian Paints, ITC, L&T, ICICI Bank, Wipro and Coal India were among the top index losers.

Tomorrow the Nifty may go up because of the positive macro data.