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Home > Stock Market Updates > Market Savera - 04/06/2024
Podcast: Stock Market Updates
Episode:

Market Savera - 04/06/2024
Category: Business
Duration: 00:02:27
Publish Date: 2024-06-04 03:31:45
Description: U.S. stocks closed mostly higher on Monday in a volatile day of trade following an early trading glitch on the New York Stock Exchange and as investors looked forward to a series of economic data due later this week, including the jobs report due Friday. The Dow recovered the bulk of its previous losses in the final hour of trade, while the S&P 500 turned positive. U.S. and global benchmark crude futures settled Monday at their lowest levels since February, pressured in the wake of a weekend decision by major oil producers that would lead to higher oil production later this year. July West Texas Intermediate crude fell $2.77, or 3.6%, to settle at $74.22 a barrel on the New York Mercantile Exchange. Asian stocks fell Tuesday morning after concerns about the health of the US economy outweighed expectations for early Federal Reserve policy easing. Welspun Corp associate company signs Rs 3,670 crore contracts with Aramco for steel pipe supply Amber Enterprises may invest Rs 2,000 crore to set up printed circuit board facility PNC Infratech subsidiary receives Rs 391 crore from NHAI in settlement agreement Nifty logged its best session in over three years on June 03, as investors cheered exit polls, along with better-than-expected India Q4 GDP. At close, Nifty was up 3.25% or 733.2 at 23263.9. It made a new all-time high with large volumes based on the event and economic data. It could now rise towards 23490 in the near term while 23039 could offer support. Counting of votes and final election results could lead to some level of volatility, though lower than the previous session. Indian markets could open higher, in line with mixed Asian markets today and mostly higher US markets on June 03
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