• Tue. Feb 27th, 2024

Everything you need to know to trade on July 24th

Everything you need to know to trade on July 24th

Tokyo stocks futures rose more than 1% after a report late on Friday suggested Bank of Japan officials may not need to address the side effects of their ultra-loose monetary policy.

Contracts for Australia’s benchmark also rose, while Hong Kong contracts fell, and an index of US-listed Chinese shares posted a small gain. S&P 500 futures were partly lower after Friday’s gauge close. Contracts for the Nasdaq 100 were marginally higher on Friday following continued selling in technology companies after a batch of disappointing results earlier in the week.

Meanwhile, Brent crude was at $80 per barrel and West Texas Intermediate was at $76. The 10-year US bond yield was trading at 3.84%, while Bitcoin was above the 30,000-level.

At 5:33 am, the GIFT Nifty, an early indicator of the Nifty 50 index’s performance in India, was unchanged at 20,036.

On the other side of the globe, Indian benchmark indices ended lower after six days of positive rally. The S&P BSE Sensex closed down 887.64 points, or 1.31 percent, at 66,684.26, while the NSE Nifty 50 closed down 235.75 points, or 1.18 percent, at 19,743.40. The local currency gained three paise to close at Rs 81.96 against the US dollar on Friday.

Foreign investors in Indian stocks turned into net sellers on Friday. Foreign portfolio investors offloaded stocks worth Rs 1,998.8 crore, while domestic institutional investors turned net buyers and added stocks worth Rs 1,290.7 crore.

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