Market Ahead, June 30: All you need to know before the opening bell

A total of 596 companies including Vodafone Idea, ONGC, and Sail are scheduled to announce their March quarter earnings today

Market Ahead | Markets | Indian markets

BS Web Team  |  New Delhi  Last Updated at June 30, 2020 08:08 IST

The Indian are set to open in the green today, as indicated by the which was trading 70 points up at 10,320 levels at 7 AM. This comes on the back of an overnight rally in the Wall Street where stocks closed higher as the sentiment boost from upbeat US housing data outweighed the threat of rising Covid-19 infections. The Dow Jones rose 2.3 per cent, the S&P 500 gained 1.47 per cent, and the Nasdaq Composite added 1.2 per cent.

Asian followed Wall Street’s firm lead. Australian ASX 200 index rose 1.6 per cent while Japan’s Nikkei gained 1.8 per cent.

In oil markets, Brent crude contracts rose 1.68 per cent to $41.71 a barrel.

The Indian government yesterday banned 59 Chinese mobile apps, including TikTok, UC Browser and others amid rising tensions between India and China after the Galwan Valley clashes. The govt said it has received credible inputs of Chinese apps posing a threat to sovereignity of India.

Meanwhile, Indian and Chinese militaries will hold the third round of talks today in an attempt to de-escalate tension in eastern Ladakh.

Against this backdrop, Prime Minister will address the nation at 4 PM today. He is also likely to speak on the ‘unlock 2’ phase announced yesterday which will come into effect from July 1. The government issued the guidelines yesterday in which it further eased the restrictions imposed due to the lockdown. Domestic flights and train services, already allowed, would be further expanded in a calibrated manner while night

Read More Here...

Bookmark the permalink.

Comments are closed.