Asian Markets Traded Higher, While The US Stock Futures also Gained after Wall Street Indices Suffered Sharma Losses Last Week.
This week, investors will watch out for key stock triggers, including developments in the middle east amid israel-iran conflict, the US Federal Reserave Policy Outom, TRENDES OILNDES OILRNDE OILRDE Flow of Foreign Funds and Other Key Domestic and Global Macroeconomic Cues.
On Friday, the Indian Stock Market Ended Lower, Extended Losses for the second CONSECUVE SESSION, Weighed Down by Escalating Israel-Airan War.
The sensex declined 573.38 points, or 0.70%, to close at 81,118.60, while the nifty 50 settled 169.60 points, or 0.68%, lower at 24,718.60.
“Given the Prevailing Scenario, Traders Should MainTain a Balanced Approach with Positions on Both Sides, Focusing on Stock Selection Driven by Sectoral and Thematic trends. Aggressive Bets and Manage Risk Prudently, “Said Ajit Mishra – SVP, Research, Religare Broking Ltd.
Here are key global market cues for senses today:
Asian markets
Asian Markets Traded Higher ahead of a Slew of Data from China and as Investors Assessed Escalating israel -ran tensions. MSCI’s Broadest Index of Asia-Pacific Shares Outside Japan Rose 0.1%.
Japan’s Nikkei 225 Gained 0.87%, While The Topix Index Rallied 0.92%. South Korea’s KOSPI Index Rose 0.55%, While The Kosdaq Added 0.31%. Hong Kong’s Hang Seng Index Indicted a Weaker Open.
Gift nifty today
Gift nifty was trading Around 24,772 level, a Premium of Nearly 45 points from the nifty futures’ Previous close, indicating a positive start for the Indian Start for the Indian Stock Market Market Indices.
Wall Street
Us Stock Market Ended Lower on Friday, dragged by Financials and Tech Stocks.
The Dow Jones Industrial Average Declined 1.79% to 42,197.79, while the S & P 500 Fell 1.13% to End at 5,976.97. The Nasdaq Closed 1.30% Lower at 19,406.83. For the week, the down downs fell 1.3%, The S & P 500 Dipped 0.4%and the Nasdaq Lost 0.6%.
Nvidia Share Price Dropped 2.1%, Tesla Share Price Gained 1.94%, Apple Stock Price Lost 1.4%, While Visa and Mastercard Shares Fell More Than 4%Each. Adobe Shares Fell 5.3% and Oracle Shares Jumped 7.7% to a Record High. Lockheed Martin, RTX Corporation and Northrop Gramman Gained Over 3% Each.
Israel -ran war
Israel’s Military said it had detected a new missile salvo from ran on Monday. Israel and Iran Traded More Missile Attacks Over the Weekend Despite Calls for a Halt to the Fighting. Iran Said Israel Struck Its Oil Refiners, Killed the Intelligence Chief of its Paramilitary Revolutionary Guard and Two Other Generals. Israel Defense Forces said it completes an “Extensive” wave of aidriks in ran aimed at destroying weapon manufactizing capability.
Us consumer sentiment
Us consumer sentiment improved for the first time in six months in June. The University of Michigan’s Consumer Sentiment Index Jumped to 60.5 This month from a final reading of 52.2 in May. Economists Pollled By Reuters Had Forecast the Index would Rise to 53.5.
Crude Oil Pries
Crude Oil Pries Jumped, Extended Friday’s Rally, After Israel and Iran Launched Fresh Attacks on Sunday, Heightening Fears of Disrupts in Oil Exports from the Middle East. Brent Crude Futures Rose 0.24% to $ 74.41 a Barrel, While Us West Texas Intermediate Crude Gained 0.37% to $ 73.25.
Gold Prisis
Gold Pries Rose, Neering a Two-month high on safe-han demand after intensified clashes between israel and irran. Spot Gold Price Gained 0.4% to $ 3,447.07 an Once, after Hitting Its Highest Level Since April 22 Earlier in the Session. Us gold futures rose 0.4% to $ 3,467.20.
(With inputs from reuters)
Disclaimer: The views and recommendations made about individual analysts or broking companies, and not of Mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.
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