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

Benchmarks in Asia-Pacific region were trading mixed on Thursday due to absence of cues from US markets, and as investors assess China’s latest interest rate decision.

The Nikkei 225 was 246.68 points or 0.64% lower at 38,324.08, and the S&P ASX 200 was 3.92 points or 0.14% higher at 2,801.25 as of 06:49 a.m.

China kept its benchmark one-year loan prime rate unchanged at 3.45%, and the five-year loan prime rate at 3.95% in line with estimates.

Financial markets in the U.S. were closed Wednesday on account of Juneteenth Day.

Brent crude was trading 0.07% higher at $85.13 per barrel as of 06:51 a.m. Gold was trading 0.14% higher at $2,331.32.

The GIFT Nifty was trading 8.5 points or 0.04% higher at 23,521.50 as of 06:50 a.m.

The Indian benchmark equity indices shed their early gains to settle mixed on Wednesday on bank futures expiry day as Larsen & Toubro Ltd. and Reliance Industries Ltd. dragged.

The NSE Nifty 50 settled at 41.90 points or 0.18%, lower at 23,516, while the S&P BSE Sensex ended at 36.45 points or 0.05%, higher at 77,337.59, marking the highest closing level since its inception.

Foreign portfolio investors recorded their highest-ever single-day buying of Indian shares so far in 2024 on Wednesday. The investors bought stocks worth Rs 7,908.36 crore, while domestic institutional investors also stayed net buyers for the third consecutive day on Wednesday and mopped up equities worth Rs 7,107.80 crore, according to provisional data from the National Stock Exchange.

The Indian currency weakened 4 paise to close at 83.45 against the US dollar.