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10 things you need to know before the opening bell on June 25

Updated : June 25, 2021 07:55 AM IST

The Indian market is likely to open flat on Friday amid a positive momentum in global peers. At 7:35 am, the SGX Nifty was trading 2 points or 0.01 percent lower at 15,837.

 1. Wall Street:  Stocks closed higher on Wall Street Thursday as traders were encouraged to see a bipartisan deal on infrastructure spending as well as some positive reports on the economy. The S&P 500 closed 0.6 percent up, marking another record high, beating the peak it set early last week. The Dow Jones Industrial Average rose 1.04 percent and the Nasdaq Composite added 0.7 percent.
1. Wall Street: Stocks closed higher on Wall Street Thursday as traders were encouraged to see a bipartisan deal on infrastructure spending as well as some positive reports on the economy. The S&P 500 closed 0.6 percent up, marking another record high, beating the peak it set early last week. The Dow Jones Industrial Average rose 1.04 percent and the Nasdaq Composite added 0.7 percent.
 2. Asian stocks:  Asia-Pacific stocks rose in Friday morning trade after the S&P 500 rose to a record closing high overnight stateside. Japan’s Nikkei 225 rose 0.48 percent. South Korea’s Kospi advanced 0.79 percent. Mainland Chinese stocks saw muted moves in early trade, with the Shanghai composite little changed. Hong Kong’s Hang Seng index climbed 0.48 percent. Elsewhere, the S&P/ASX 200 in Australia edged 0.24 percent higher. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.53 percent higher.
2. Asian stocks: Asia-Pacific stocks rose in Friday morning trade after the S&P 500 rose to a record closing high overnight stateside. Japan’s Nikkei 225 rose 0.48 percent. South Korea’s Kospi advanced 0.79 percent. Mainland Chinese stocks saw muted moves in early trade, with the Shanghai composite little changed. Hong Kong’s Hang Seng index climbed 0.48 percent. Elsewhere, the S&P/ASX 200 in Australia edged 0.24 percent higher. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.53 percent higher.
 3. Dalal Street:  Indian indices rose on Thursday led by gains in banking and IT stocks, however, losses in energy stocks and heavyweight RIL kept the indices from hitting record highs. The Sensex ended 393 points higher at 52,699 while the Nifty rose 103 points to settle at 15,790.
3. Dalal Street: Indian indices rose on Thursday led by gains in banking and IT stocks, however, losses in energy stocks and heavyweight RIL kept the indices from hitting record highs. The Sensex ended 393 points higher at 52,699 while the Nifty rose 103 points to settle at 15,790.
 4. Oil:  Oil prices steadied on Thursday, holding close to their highest in almost three years, supported by drawdowns in US inventories and accelerating German economic activity. Prices also drew support from doubts about the future of the 2015 Iran nuclear deal that could end US sanctions on Iranian crude exports. Brent settled up 0.5 percent to $75.56 a barrel by 1628 GMT. US crude settled to $73.30 a barrel.
4. Oil: Oil prices steadied on Thursday, holding close to their highest in almost three years, supported by drawdowns in US inventories and accelerating German economic activity. Prices also drew support from doubts about the future of the 2015 Iran nuclear deal that could end US sanctions on Iranian crude exports. Brent settled up 0.5 percent to $75.56 a barrel by 1628 GMT. US crude settled to $73.30 a barrel.
 5. Rupee:  The Indian rupee rose for the second straight day and closed 9 paise higher at 74.18 against the US dollar on Thursday, tracking an upbeat domestic equity market. Besides, a weaker American unit also helped the rupee in consolidation of gains. At the interbank forex market, the rupee opened at 74.20, and hit an intra-day high of 74.16 and a low of 74.25.
5. Rupee: The Indian rupee rose for the second straight day and closed 9 paise higher at 74.18 against the US dollar on Thursday, tracking an upbeat domestic equity market. Besides, a weaker American unit also helped the rupee in consolidation of gains. At the interbank forex market, the rupee opened at 74.20, and hit an intra-day high of 74.16 and a low of 74.25.
 6. Gold:  Gold on Thursday dipped by Rs 93 to Rs 46,283 per 10 grams amid rupee appreciation. Silver, however, gained Rs 99 to Rs 66,789 per kg, from Rs 66,690 per kg in the previous trade. In the international market, gold was trading marginally higher at USD 1,780 per ounce and silver was flat at USD 25.96 per ounce.
6. Gold: Gold on Thursday dipped by Rs 93 to Rs 46,283 per 10 grams amid rupee appreciation. Silver, however, gained Rs 99 to Rs 66,789 per kg, from Rs 66,690 per kg in the previous trade. In the international market, gold was trading marginally higher at USD 1,780 per ounce and silver was flat at USD 25.96 per ounce.
 7. Bitcoin:  Bitcoin traded nearly 6 percent higher on Friday morning at $34,570 after Paraguay submitted a bill to make Bitcoin a legal tender. Shortly after the news (though unconfirmed) surfaced on Twitter, Bitcoin’s price rallied to $35,000, before slightly pulling back.
7. Bitcoin: Bitcoin traded nearly 6 percent higher on Friday morning at $34,570 after Paraguay submitted a bill to make Bitcoin a legal tender. Shortly after the news (though unconfirmed) surfaced on Twitter, Bitcoin’s price rallied to $35,000, before slightly pulling back.
 8. SPAC Deals:  Capital markets regulator Securities and Exchange Board of India (Sebi) is planning to come out with a framework on special purpose acquisition companies (SPACs), which will enable listing of startups on domestic stock exchanges, sources said on Thursday.   Continue reading
8. SPAC Deals: Capital markets regulator Securities and Exchange Board of India (Sebi) is planning to come out with a framework on special purpose acquisition companies (SPACs), which will enable listing of startups on domestic stock exchanges, sources said on Thursday. Continue reading
 9. US jobless claims:  The number of Americans applying for unemployment benefits fell for the sixth straight week as the US economy, held back for months by the coronavirus pandemic, reopens rapidly. Jobless claims fell by 9,000 to 376,000 from 385,000 the week before, the Labor Department reported Thursday.
9. US jobless claims: The number of Americans applying for unemployment benefits fell for the sixth straight week as the US economy, held back for months by the coronavirus pandemic, reopens rapidly. Jobless claims fell by 9,000 to 376,000 from 385,000 the week before, the Labor Department reported Thursday.
 10. RBI:  The Reserve Bank on Thursday issued guidelines on distribution of dividends by non-banking financial companies (NBFCs) in order to infuse greater transparency and uniformity in the practice.   Continue reading
10. RBI: The Reserve Bank on Thursday issued guidelines on distribution of dividends by non-banking financial companies (NBFCs) in order to infuse greater transparency and uniformity in the practice. Continue reading
Published : June 25, 2021 07:55 AM IST
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