MARKET UPDATE: Indian equity markets: Likely to open on a muted note
Published On: Thursday, June 30, 2022 | By: Team KnowMyStock
As global cues turn mixed, the Indian equity markets are likely to open on a muted note today(30 June 2022). At 7:54 AM, the SGX Nifty Futures quoted 15,740 levels, indicating a cut of over 50 points on the Nifty50. Globally, the US markets closed mixed yesterday (29 June) after Federal Reserve Chairman Jerome Powell emphasised the central banks' hawkish stance to tame high inflation. While Dow Jones advanced 0.2 percent, both NASDAQ Composite and the S&P 500 dropped into the negative zone - falling to 0.03 percent and 0.07 percent, respectively.
That said, Asia-Pacific markets, too, traded in wobbly territory on Thursday morning. Nikkei 225 dropped 0.7 per cent and Kospi declined 0.9 per cent. However, the mainland Chinese markets inched up in trade after factory activity grew in June.
Meanwhile, prices of oil snapped three-day run on recession fears. Brent Crude slipped 0.3 per cent to $115 per barrel and WTI Crude hovered around $110 a barrel.
In domestic market, HDFC will be in focus after the lender raised Rs 4,000 crore through a paper with 21 months maturity. That apart, Biocon will acquire 26 per cent stake in AMPYR Renewable Energy Resources Eleven for Rs 7.5 crore.
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