The S&P 500 and Nasdaq closed lower on Thursday. Stocks retreated after a rally to all-time highs prompted calls for a near-term pullback amid signs of buyer fatigue.

Economic data released on June 20 indicated that unemployment in the US continues to rise. The Labor Department reported that fillings for jobless benefits reached 238,000 for the week ended June 15, up 5,500 from the previous week. This is the highest level since September 2023.

The Bank of England kept interest rates unchanged at 5.25 percent, which came in line with the market’s expectations. Traders are betting the Bank of England will cut rates in August after dovish signals from policymakers.

The Union Cabinet has approved an increase in the Minimum Support Prices for 14 crops for the upcoming Kharif season.

Asian stocks fell after US shares closed lower overnight.

Private equity firm Olympus is looking to offload 5 percent via a block deal of around US$ 100 million in Aster DM Healthcare.

Sula Vineyards aims for double-digit growth aided by premiumisation shift

SEBI its interim order barring JM Financial from acting as a lead manager for any new public issue of debt securities

Nifty recovered from previous day’s fall and ended higher in a volatile session on June 20. At close,
Nifty was up 0.22% or 51 points at 23,567. Nifty could now stay in the 23,413-23,664 band for the near term.

Indian markets could open flat to mildly lower, in line with mostly negative Asian markets today and negative US markets on June 20