Stock Market Today: All You Need To Know Going Into Trade On Feb. 20

Feb 20, 2024
stock-market-today:-all-you-need-to-know-going-into-trade-on-feb.-20

Asian stocks were trading mixed on Tuesday as investors await fresh catalysts after U.S. markets were closed for a holiday on Monday. 

The Japan stocks advanced, while Australian stocks fell after the BHP Group pulled the markets down after the miner missed profit estimates.  

The Euro Stoxx 50 trades near a two-decade high.

On Friday, The S&P 500 index and Nasdaq 100 fell by 0.48% and 0.82%, respectively. The Dow Jones Industrial Average declined by 0.37%. The yield on the 10-year U.S. bond closed at 4.31%, and Bitcoin was above $51,800.

Brent crude was above $83 a barrel, whereas WTI crude was above $79 a barrel.

India’s benchmark stock indices ended higher for the fifth straight session on Monday, with the NSE Nifty 50 hitting a fresh all-time high during the day.

Nifty Pharma and Nifty FMCG gained, while Nifty Oil and Gas and Nifty PSU Bank stocks were under pressure.

The S&P BSE Sensex closed 281.52 points, or 0.39%, higher at 72,708.16, while the NSE Nifty 50 gained 81.55 points, or 0.37%, to end at 22,122.25.

The currency and bond markets were closed.

Overseas investors in Indian equities turned net sellers. Foreign portfolio investors sold stocks worth Rs 754.59 crore, while domestic institutional investors stayed net buyers for the sixth straight session and mopped up stocks worth Rs 452.70 crore, the NSE data showed.

Nifty Close To Breaking Out Of Tight Range, Say Analysts

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