Stock Market Today: Headline indices started the week on a positive note as they opened in the green on June 9. The Sensex opened at 82574.55, levels up by 0.48 per cent or 385.56 points. The Nifty opened at 25160.1, levels up by 157.05 points or 0.62 per cent. Soon after the market opened, the Sensex gained 0.58 per cent to an early high at 82,669 levels, and the Nifty gained 0.62 per cent to trade at an early high of 25,160.1 levels.
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In the broader market, the Nifty Midcap 100 and Nifty Smallcap 100 traded higher by 0.68 per cent and 0.89 per cent higher, respectively. The India VIX traded around 2.85 per cent higher, indicating increasing volatility. Sectoral indices such as Nifty Bank and Nifty Auto gained the most in early trade as they traded higher by up to 0.78 per cent.
Top Gainers & Losers On June 9
Soon after the market opened, 39 constituents of the Nifty 50 traded in the green, while 11 traded in the red. From the Nifty 50 pack, shares of banks and financial services players such as Kotak Mahindra Bank, Jio Financial Services and Shriram Finance emerged as the top gainers in early trade as they traded higher by up to 1.96 per cent. While Bharti Airtel, SBI Life Insurance Company and Eternal shares emerged as top drags as they declined up to 0.82 per cent.
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US Market End Mixed, Asian Markets Gain
US markets ended on a mixed note as the Dow Jones Industrial Average ended flat with a negative bias at 42,753, down by 56 points or 0.13 per cent. However the S&P 500 and the Nasdaq Composite finished the session in the green closing higher by up to 1.2 per cent.
Asian markets traded in the green amid a resumption in trade-talks between US and China. Notably trade tensions have seemingly eased between the two countries as China has restarted exports of rare earth metals. At the time of writing, Asian indices such as Japan’s Nikkei 225 traded higher by 395 points, or 1.04 per cent, at 38,137.09. China’s Shanghai Composite traded at 3,398.74, up by 13.38 points, or 0.4 per cent. Other Asian indices such as the Kospi, Hang Seng and the Taiwan Weighted Index traded higher by up to 1.34 per cent.
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Commodity Prices on June 9
Crude oil prices traded flat on June 9 as WTI crude prices hovered around $64.57, down by 0.02 per cent, while Brent crude prices traded at $66.44, down by 0.04 per cent. The price of 24-carat gold is Rs 97,160 per 10 grams, 22-carat gold is Rs 89,063 per 10 grams and the rate of 10 grams of 18-carat gold is Rs 72,870.
