Stock Market Today: All You Need To Know Going Into Trade On June 21

Benchmarks in Asia-Pacific region declined in early trade Friday, taking cues from overnight stock moves on Wall Street before Eurozone PMI data, and Federal Reserve official’s speech.

The Nikkei 225 was 6.49 points or 0.02% higher 38,639.51 and the KOSPI was 21.62 points or 0.77% lower at 2,786.01 as of 06:48 a.m.

US Tech stocks had been lifted by the continued AI frenzy and resilient economic growth that should continue to support corporate earnings. However, the S&P 500 lost traction after briefly topping the 5,500 mark to set new record.

The S&P 500 Index and Nasdaq Composite fell 0.25% and 0.79%, respectively, as of Thursday. The Dow Jones Industrial Average rose 0.77%.

Brent crude was trading 0.09% lower at $85.62 a barrel. Gold rose 0.02% to $2,360.62 an ounce.

The GIFT Nifty was trading 34.5 points or 0.15% lower at 23,593.00 as of 06:49 a.m.

The NSE Nifty 50 recovered from the previous session’s fall and the S&P BSE Sensex logged its best winning streak in four months to close at their highest levels as Reliance Industries Ltd. and private banks led the gains.

The Nifty ended 51 points or 0.22%, up at 23,567, while the Sensex closed 141.34 points or 0.18%, up at 77,478.93. During the day, both indices gained over 0.4%.

Overseas investors continued their buying streak for the fourth straight day on Thursday. Foreign portfolio investors mopped up stocks worth Rs 415.30 crore, while domestic institutional investors turned net sellers after three days of buying and selling equities worth Rs 325.81 crore, according to provisional data from the National Stock Exchange.

The Indian currency weakened 20 paise to close at an all-time low of 83.65 against the US dollar.