Mon. Jun 14th, 2021
With no major event lined up on the domestic front, the Indian will track global cues and Covid-related updates in today’s session. Besides, investors will also keep a keen eye on macro data, corporate results, the Rupee’s trajectory, and oil price action. On the macro front, manufacturing and Industrial production data for the month of April are set to be released today post market hours.

Results today

A total of 57 companies, including BEML, BHEL, CG Power, Cochin Shipyard, DLF, and Sun TV are scheduled to announce their March quarter results today.
 

Wall Street stocks ended firmer on Thursday as even though the CPI data came in above consensus, a closer look showed that much of the price surge came from items such as commodities and airfares and is therefore likely to be temporary. The Dow rose 0.04 per cent, the S&P 500 gained 0.47 per cent. and the Nasdaq added 0.77 per cent.

The Asian tracked the Wall Street gains in Friday’s early deals. Hong Kong’s Hang Seng index and Korea’s Kospi rose half a per cent, each, while Japan’s Nikkei and Australia’s ASX200 were up 0.2 per cent, each.

Oil prices edged up to their highest in over two years in volatile trade on Thursday. Brent futures rose 30 cents, or 0.4 per cent, to settle at $72.52 a barrel in its highest close since May 2019.

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