Stock Market Today: All You Need To Know Going Into Trade On June 24

Jun 24, 2024
stock-market-today:-all-you-need-to-know-going-into-trade-on-june-24

The significant expiration of options on Wall Street not only caused US stocks to grapple for a definitive trend but also subjected Nvidia, a frontrunner of the bull market on a roller coaster ride.

The S&P 500 Index and Nasdaq 100 fell 0.08% and 0.12%, respectively as on 1:04 p.m. New York time. Dow Jones Industrial Average rose 0.05%.

Brent crude was trading 0.62% lower at $85.18 a barrel. Gold fell 1.62% to $2,321.95 an ounce.

India’s benchmark stock indices closed lower on Friday as investors booked profits. However, on a weekly basis, the indices ended higher for the third time, posting a record-high weekly close.

The NSE Nifty 50 fell 111.15 points, or 0.47%, to close at 23,455.85. The S&P BSE Sensex fell 269.03 points, or 0.35%, to end at 77,209.90.

Overseas investors broke their buying streak and turned sellers on Friday. Foreign portfolio investors sold stocks worth Rs 1,790.19 crore, while domestic institutional investors turned net buyers after a day selling and bought equities worth Rs 1,237.21 crore, according to provisional data from the National Stock Exchange.

The Indian currency strengthened by 11 paise to close at 83.54 against the US dollar.

Nifty To See More Reversal Before Upward Trend, Says Analyst

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