Pre Market - Snapshot - 24-06-2021



US stocks ended mixed as investors started to look at new triggers for the market beyond economic recovery and fears of inflation. Dow fell 0.21%, S&P closed just below flat line, Nasdaq closed at new record with small gains of  0.13%. The small cap Russell 2000 also closed just above flat line. 


US dollar index traded in a narrow range near 91.81, 10 year moved higher above 1.48 ahead of crucial jobs data, Cboe Vix closed flat just above 16. 


Crude futures traded flat WTI near 73, Brent near 75.


Indian stocks ended down on weakness in metals & oil and gas sector. Indices closed nearly 0.54% down as stocks turned volatile ahead of June derivatives expiry. Mid and small cap stocks also fell on profit booking. Auto sector was the sole winner in an otherwise dull market.


For the day, stocks may continue to trade choppy on June expiry related volatility. As indicated use give backs to rebuild positions for July series with sufficient provisions for initial mark to market losses.


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