Stock market closing: Indian benchmark indices traded higher on Monday, June 22, with the Nifty rising more than 80 points to cross the 24,100 mark, while the Sensex closed above 77,000, supported by positive market sentiment.
The BSE Sensex, after hitting an intraday high of 77,325.56, ended the session at 77,094.07, up 291.17 points or 0.38 per cent. The NSE Nifty50 settled at 24,102.90, up 89.80 points or 0.37 per cent. During the day Nifty50 swung between 24,168.05 and 24,073.15. Sensex and Nifty opened in green today. The BSE Sensex started at 77,160.67, while the Nifty 50 opened at 24,106.60.
Meanwhile, Asian markets too traded higher on Monday as signs of progress in negotiations between the United States and Iran improved investor sentiment and eased concerns over the stability of the ongoing peace process.
In the commodities market, Brent crude reversed its early gains to trade at $80.17 per barrel, remaining well below its May peak of $126.41.
Japan’s Nikkei extended gains after last week’s nearly 8 per cent rally, which lifted the benchmark to record highs. South Korean equities also advanced, building on the previous week’s more than 11 per cent surge, supported by continued strength in semiconductor stocks.
In India, attention will be on May’s infrastructure output data and the June Purchasing Managers’ Index (PMI) readings to gauge economic momentum. Globally, investors will track flash PMI data from the Eurozone and the US for insights into manufacturing and services activity. The US Personal Consumption Expenditures (PCE) and core PCE inflation data will also be closely watched for indications of the Federal Reserve’s interest rate outlook.
Comments from European Central Bank President Christine Lagarde and US Federal Reserve officials are also expected to be in focus for further guidance on the policy trajectory.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
