The domestic stock market started Tuesday’s trading session on a positive note. The National Stock Exchange (NSE) index Nifty 50 opened with a gain of 105.20 points at 23,570.80 in early trade, while the BSE Sensex opened with a gain of 242.53 points to reach 77,235.31. The Bank Nifty index closed at 50,194.35 with a gain of 192.35 points. Gift Nifty indicated a positive start for the BSE Sensex and NSE Nifty 50.
WTI Crude Prices
On Tuesday morning, WTI crude prices were trading 0.33% lower at $80.35, while Brent crude prices were trading 0.08% higher at $84.31. The US dollar index (DXY), which measures the value of the dollar against a basket of six foreign currencies, fell 0.21% to 105.30.
Foreign investors’ attitude towards the market
According to provisional data from NSE, FIIs bought equities worth ₹2,176 crore and DIIs bought ₹656 crore on June 14. Last Friday, FIIs bought ₹15,691 crore and sold ₹13,515 crore, while DIIs bought ₹11,877 crore and sold ₹11,221 crore.
Trends in world markets
Asian stocks rose and US stocks hit another record high after several big tech companies surged. Benchmark indices in Japan, South Korea and Australia rose, while Hong Kong and mainland Chinese equities declined, Livemint reported. Similarly, the S&P 500 has set 30 all-time highs this year, which could make the market more vulnerable to surprises.
Chinese stocks fell after Monday’s data dump showed the country’s housing slowdown deepened in May. That triggered fresh demands for the government to inject cash and credit into the economy. The U.S. benchmark index edged past 5,470 on Monday, with Tesla Inc and Apple Inc leading the gains among megacaps. The Nasdaq 100 edged closer to the 20,000 mark.
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