Markets may start the day in red

24 Jun 2024 , 09:01 AM

Domestic markets ended the last week negatively but recorded overall gains for the week, marking the third consecutive weekly rise. Further, markets may make a negative start.

Nifty futures on the Gift Nifty traded 79 points lower, falling below the 23,400 mark. India VIX, which measures market fear, decreased by 1.2%, settling at 13.18 levels.

Global Markets:

• S&P 500 futures were little changed as of 9:20 a.m. Tokyo time.
• Hang Seng futures fell 0.3%.
• Japan’s Topix rose 0.3%.
• Australia’s S&P/ASX 200 fell 0.2%.
• Euro Stoxx 50 futures fell 0.7%.

FII/DII Action: Foreign portfolio investors were net sellers, offloading ₹1,790 Crore worth of shares on Friday. Conversely, domestic institutional investors purchased shares worth ₹1,237 Crore.