Pre Market - Snapshot - 14- June - 2021



US stocks advanced on Friday as investors shrugged off the inflation concerns as short-term spikes. 

Dow moved just above the flat line, S&P had yet another record close gaining 0.19%, Nasdaq gained almost 0.35%. The small-cap Russell 2000 once again outperformed with gains in excess of 1%.


US dollar index saw a strong rebound from sub 90 levels to trade above 90.5. Cboe Vix declined to multiweek lows near 15.65, 10 years traded steady at 1.46%.


Crude futures moved higher, WTI moved above 71, Brent nearing 73.


Indian stocks reached all time highs on Friday both on an intraday and closing basis, it was a fourth straight week of gains for the benchmarks. IT and pharma sector took the lead on Friday but banks stocks took a breather. 


For the week global markets would be watching the monetary policy meeting where the Fed may outline the future of monetary easing and a roadmap of tightening. Stocks may remain choppy ahead of the Fed meeting. Continue to be vigilant on trading positions with strict stop loss as the market continues to trade in short-term overbought zone.

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