Indian Stock Market: 8 Key Things that Changed for Market Overnight- Gift Nifty, Israel-Airan War to China Interest Rates

Indian Stock Market: The Domestic Equity Market Indices, Sensex and Nifty 50, Are Expected to see a mutated opening on Friday, amid mixed cues from global markets.

Asian Markets Traded Mostly Higher, While The US Stock Market was closed, and US stock futures dropped on cautiousness over the escalating israel -ran war.

On Chiursday, The Indian Stock Market Ended With Minor Losses, with the Benchmark Nifty 50 Slipping Below 24,800 Level.

The sensex fell 82.79 points, or 0.10%, to close at 81,361.87, while the nifty 50 settled 18.80 points, or 0.08%, lower at 24,793.25.

“The Strength in the Benchmark Index does not reflected the underlying market tone, as we are witnessing gradual profit booking across sector and in the broader market. Higher, Further Deterilation is Likely If Crude Makes A Sustained Move Above The $ 80 Mark. Mishra – SVP, Research, Religare Broking Ltd.

Here are key global market cues for senses today:

Asian markets

Asian Markets Traded Mostly Higher on Friday after China Data and as Investors Assessed Escalating israel -ran tensions.

Japan’s Nikkei 225 Rose 0.13%, while the topx index was flat. South Korea’s KOSPI Index Gained 0.51%, While The Kosdaq Rose 0.41%. Hong Kong’s Hang Seng Index Futures Indicated a Weaker Open.

Gift nifty today

Gift nifty was trading Around 24,793 level, a discount of Nearly 10 points from the nifty futures’ Previous Close, Indicating a MUUTED ST for the Indian Start for the Indian Stock Market INDICES.

Wall Street

Us stock market was closed on Thursday for the Junetenth holiday. However, us stock futures traded lower ahead of Friday’s session. Dow Jones Industrial Average Futures Fell 154 Points, OR 0.3%, NasDaq 100 Futures Declined 0.2%, While S & P 500 Future Future Fell 0.2%.

Israel -ran war

Us President Donald Trump will decide in the next two weeks wheethr the US will get involved in the israel -ran air war, the white house said. Meanwhile, the middle East Conflict Intensified as Israel Bombed Iran’s Nuclear Sites, while Iran Fired Missile and Drone Striks on Israel, Incliding an Overnight atakkk on an ISRALI HOSPITAL.

People’s Bank of China

China’s Central Bank Kept Its Benchmark Interest Rates Unchanged Friday. The people’s bank of china help the 1-yar loan prime rate at 3.0% and 5-yar lpr at 3.5%. Last Month, China lowered lprs for the first time since October.

Japan inflation

Japan’s Core Inflation Rate Accelerated to 3.7% in May. The data, which excludes Volatile Fresh Food Prisies, was up from a 3.5% year-on-yar (yoy) Rise logged in April.

Crude Oil Pries

Crude Oil Pries Fell, But WHE TRACK to Rise for the Third Straight Week AMID israel -ran conflict. Brent Crude Futures Fell 1.89% to $ 77.36 a Barrel. On a weekly Basis, it was up 3.9%. The US west texas intermediate crude for July was up 1.14% to $ 76.00. The More Liquid WTI for August Rose 0.7% to $ 74.

Gold Prisis

Gold pricitions were steady, with geopolitical tensions in the middle east, while investors Remained Wary of Possible Us Involvement. Spot Gold Price was flat at $ 3,367.60 an out. Bullion was down 1.9% so far this week. Us gold futures were stable at $ 3,384.20.

(With inputs from reuters)

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