• Market Savera

  • Jun 28 2024
  • Length: 2 mins
  • Podcast

  • Summary

  • *NIFTY scales mount 24K* The S&P 500 closed with a narrow gain on Thursday as Wall Street looked ahead to fresh inflation data for clues as to when the Federal Reserve will begin to lower interest rates. Core inflation in Japan's capital rose in June (to 2.1% YoY vs forecast of 2.0%) on rising fuel bills and the boost to import costs from a weak yen The Japanese yen hit fresh 38-year lows against the US dollar, weakening to as low as 161.27 against the dollar. India is preparing itself for the inclusion of the nation’s government bonds into the JPMorgan Chase & Co. emerging markets index from today, opening up a $1.3 trillion market to a broader range of investors. Equities in Asia on Friday morning followed gains in US stocks overnight. Asian stocks were headed for a fifth straight month of gains on Friday, bolstered by the growing view that cooling inflation in the United States would allow the Federal Reserve to ease rates later this year. HCLTech’s 0.46% stake likely to be sold for Rs 1,757 cr via block deal on Friday Indian Oil to boost LNG portfolio to 20 million tonnes by 2030 Jubilant Ingrevia successfully received EIR from US FDA with Zero observations Nifty ended at record high on June 27 and crossed another milestone by scaling past the 24,000 mark. At close, Nifty was up 0.74% or 175.7 points at 24044. Nifty also registered a smart 6.9% gain in the Monthly F&O series that expired on June 27. Nifty could now rise towards 24240 resistances while 23754 could offer support in the near term. Indian markets could open higher, in line with mostly positive Asian markets today and higher US markets on June 27.
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