Stock Market Highlights, June 20: Mid, SmallCap indices outshine benchmarks; metal, pvt banks gain

Stock market Highlights on Thursday, June 20, 2024: Among sectors, the Nifty Metal index edged 1,8 per cent higher, the Nifty Realty 2 per cent, and the Nifty Private Bank 1.16 per cent

8:10 AM

Buy & Sell: Top three picks by Anand Rathi for June 20; check levels here

Radico Khaitan   

After a period of consolidation within the approximate range of Rs 1,740-1,680, Radico Khaitanhas successfully broken out and is sustaining above this range, indicating a strong upward movement. From an indicator perspective, the daily Stochastics has reversed from the 70 levels, which is a positive sign for potential gains. READ MORE

8:07 AM

Trade set-up for June 20: Nifty may open flat; FIIs turn bulls, BoE in focus

Call writers (Bears) managed to keep the put writers (Bulls) away from successfully breaching the 23,600 Strike in Nifty. The 23,500 Strike saw fierce battle between both the call & put writers in the Index. The bulls lead the bears at the close at this strike and the option activity at this strike will provide cues about Nifty’s Intra-day direction ahead of the weekly expiry today. READ MORE

8:04 AM

ALERT :: GIFT Nifty suggests flat start with positive bias

>> At 8:00 AM, GIFT Nifty futures were up 24 points at 23,528 levels

8:00 AM

China approves autonomous driving startup Momenta's US IPO

>> China's securities regulator has approved autonomous driving startup Momenta Global Limited's initial public offering (IPO) in the United States.

>> Momenta plans to issue up to 63,352,856 ordinary shares and list on the Nasdaq Stock Market or the New York Stock Exchange, the regulator said in a statement.

7:56 AM

ALERT :: China keeps one- and five-year loan prime rates unchanged

>> The one-year LPR currently stands at 3.45%, while the five-year LPR is at 3.95%.

 

>> The one-year loan prime rate serves as a benchmark for most corporate and household loans, while the five-year rate serves as a peg for property mortgages. 

>> Earlier this week, the People’s Bank of China kept the 1-year medium-term lending facility rate steady at 2.5%.
 

7:53 AM

Commodity check :: Brent crude rises marginally, WTI weak

7:50 AM

US markets :: Wall Street was shut on Wednesday for Juneteenth holiday

7:47 AM

Asian markets check :: All but Kospi trail on Thursday

7:36 AM

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