Updated : June 10, 2021 07:50 AM IST
The Indian market is likely to open on a flat note on Thursday following a mixed trend in Asian peers. At 7:25 am, the SGX Nifty was trading 1.75 points or 0.01 percent lower at 15,715, indicating a flat start for the broader index in India.
1. Wall Street: Stocks gave up an early gain and turned lower in the last half-hour of trading on Wednesday, leaving major indexes with modest losses. The S&P 500 fell 0.2 percent. The Dow Jones Industrial Average fell 0.4 percent, and the Nasdaq lost 0.1 percent. All-eyes are now set for the upcoming US CPI release; core CPI month-on-month consensus estimate is 0.5 percent. 2. Asian stocks: Shares in Asia-Pacific were little changed in Thursday morning trade, after the Dow Jones Industrial Average saw its third straight day of losses overnight on Wall Street. In Japan, the Nikkei 225 was fractionally higher and the Topix index dipped about 0.1 percent. South Korea’s Kospi advanced 0.1 percent. Meanwhile, shares in Australia dipped, with the S&P/ASX 200 fractionally lower. MSCI’s broadest index of Asia-Pacific shares outside Japan traded flat. 3. D-Street: The Indian indices pared gains to end lower on Wednesday as all key sectors witnessed broad-based selling with auto, banking, and metals dragging the most. The Sensex ended 334 points lower at 51,941 and the Nifty lost 105 points to settle at 15,635. 4. Crude oil: Oil prices slid on Thursday as inventory data in the United States, the world’s top oil consumer, showed a surge in gasoline stocks that indicates weaker-than-expected fuel demand at the start of summer, the country’s peak season for motoring. Brent crude oil futures were down 34 cents, or 0.5 percent, at $71.88 a barrel by 0108 GMT, while US oil futures declined by 36 cents, or 0.5 percent, at $69.60 a barrel. 5. Rupee: Falling for the second day in a row, the rupee closed lower by 8 paise at 72.97 against the US currency on Wednesday amid a lacklustre trend in domestic equities. At the interbank foreign exchange market, the rupee opened on a negative note at 72.90 per dollar as against its previous close of 72.89. It hovered in the range of 72.88 to 73.02 per dollar during the day before ending at 72.97. 6. Gold: Gold dipped Rs 92 to Rs 48,424 per 10 grams on Wednesday. Silver also went lower by Rs 414 to Rs 70,181 per kg, from Rs 70,595 per kg in the previous trade. In the international market, gold was trading marginally higher at USD 1,893 per ounce and silver was flat at USD 27.65 per ounce. 7. Bitcoin: Bitcoin surged 8.54 percent to $36,265 on Wednesday, adding $2,853.31 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 30.8 percent from the year’s low of $27,734 on Jan. 4. Ether rose 2.29 percent to $2,566.4 on Wednesday, adding $57.55 to its previous close.
Published : June 10, 2021 07:50 AM IST