Nifty last close: 23322.95 (+0.25%)
Nifty 50 index hit yet another record high in trade but ended off highs
Sensex was up 150 points or 0.2 percent at 76,606
Nifty 50 was up 44 points or 0.2 percent at 23,308
The mid and smallcap index outpaced the benchmarks, gaining over a percent
Nifty PSU Bank and Nifty Energy index ended up the most, by over a percent each
India VIX fell nearly 2.2 percent to 14.46
The Foreign institutional investors (FIIs) turned net buyers on June 12
They bought Indian equities worth Rs 426 crore
While domestic institutional investors bought equities worth Rs 233 crore on same day
US markets ended mixed on June 12
US inflation rate at 3.3% YoY vs estimate of 3.4% and previous 3.4%
Dow lost 0.09%, Nasdaq rallied 1.54% and S&P500 gained 0.85%
The S&P 500 and Nasdaq posted record close for a third straight day on Wednesday after inflation data
Fed leaves rates unchanged for 7th straight meeting
Officials raise 2024 inflation forecast from 2.4% to 2.6%
Median forecasts shows just 1 rate cut in 2024
Median forecast shows 100 bps of rate cuts in 2025
Fed says inflation has eased “but remains elevated”
Median 2024 Core PCE inflation estimate up from 2.6% to 2.8%
US 10-year yield hovers around 4.3%
Gold price decline to $2315/oz
Crude sustains around $82/bbl
Asian markets were set to mixed on 13th June
Nikkei flat and Hangseng up 0.4%
GiftNifty indicates a positive opening for the index
Nifty is facing a intraday resistance 23360 and 23400
If stays above 23400 will try to check 23460
On flip side, Nifty considering a supports 23280 and 23250
Below 23250 finding a next support around 23180
Updated: 09.06 am / 13th June 2024
