News Overview

The CME Fedwatch is pegging 2 rate cuts in 2024, despite the FOMC indicating at just one rate cut this year

IT and FMCG tapered after the bull surge last week, but oil and autos held up the Nifty in positive territory

FPIs turned net buyers worth $1,405.21 Million this week, as Modi 3.0 put an end to political uncertainty

Debt fund flows were robust in May 2024, even as equity fund inflows set lifetime records

Here are some of the stocks that may see significant price movement today: Zomato, Paytm, Bharti Airtel, HAL, and others.

Overall, the positive sentiment from both foreign and domestic investors, along with the strong performance of global markets, suggests a favorable opening for Indian benchmark indices on June 18.

Benchmark Ten-year US Treasury yields fell to 4.2673%, making non-yielding bullion more appealing to investors.

Brent crude futures rose 21 cents, or 0.25%, to $84.46 a barrel. U.S. West Texas Intermediate crude futures rose 16 cents, or 0.2%, to $80.49 per barrel.

In addition to the 0.26% gain from the previous session, the euro gained 0.04% to $1.0738. Sterling increased to $1.2712, up 0.06%.

WPI inflation for May 2024 bounced sharply, with most of the pressure from the primary basket