Pre Market - Snapshot - 21-06-2021

 US stocks fell on Friday,  Dow posting its worst weekly loss since October, as traders worried that the Fed could start raising rates sooner than expected.


Dow dropped 1.6%, S&P 500 slid 1.3% , Nasdaq closed 0.9% lower.



US dollar index continued to move higher before closing near 92.25, 10 year continued to move down near 1.43%, Cboe Vix moved up above 20 to close near 20.70.


Crude futures traded steady, Brent below 74, WTI near 72.


On Friday, Indian stocks turned highly choppy on the back of global cues, after opening strong  indices fell close to 1.50% before recovering all losses to close just below flat levels. The fear of Fed raising rates sooner than expected and China's move to curb commodity prices by selling reserves were the two prime reasons for the volatility. Mid and small cap stocks were also on the receiving end as there was lot of froth building up in individual names.


For the week, stocks may continue to trade choppy ahead of June series expiry and global equity market weakness. Use the ongoing corrections to rebuild the positions over next couple of weeks for July series as well as for rest of calender 2021.

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