Stock Market Today: The SGX Nifty rose 0.28% to 18,662 during Monday’s early trading session, indicating a bullish start for the local indices NSE Nifty 50 and BSE Sensex. On the Singapore Exchange, the Nifty futures were trading around the 18,687 mark. In a tumultuous session on June 9, Indian equity indices closed lower for the second day in a row, with selling visible across sectors except capital goods and electricity.
Asian markets were trading Red
With a few exceptions, shares in the Asia-Pacific region were mostly in the red. In trade, China’s Shanghai Composite and Shenzhen Component fell 0.26% and 0.04%, respectively, while Japan’s Nikkei 225 rose 0.75%. The Hang Seng index in Hong Kong declined 0.25%, while the Kospi in South Korea fell 0.29%. Taiwan’s weighted index rose 0.33%.
Stock Market Today: Sequoia Capital to sell upto 10.18% stake
CNBC TV-18 reported on June 11 that venture capital firm Sequoia Capital will sell up to 10.18 percent of its investment in Go Fashion, the parent company of Indian clothing brand Go Colours, in a block sale.
According to those familiar with the situation, the floor price for the stake sale will be Rs 1,135 per share. This represents a 5% discount from the most recent closing price. According to the report, the entire value of the block deal will be Rs 624 crore.
Stock Market Today: May CPI, global cues in focus
Market participants are now anticipating the publication of May domestic inflation data, which is expected to reflect a slowing from the current level of 4.7%. Global cues will also play an important role in influencing the market trend, with investors eagerly watching the FOMC meeting and the US inflation print.”
Dollar steady, with Fed pause eyed in busy central bank week
The dollar held its footing on Monday, but it was still near multi-week lows against some of its major counterparts, as traders remained cautious ahead of this week’s central bank meetings, notably the Federal Reserve’s, where it will announce its interest rate decision.
The US dollar was trading at a one-month low against the British pound and the Australian dollar in early Asia trade, at $1.25805 and $0.6745, respectively, though movements were muted as most of Australia was closed for a holiday.
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