Nifty trades above 24,000 in early trade; breadth strong
Mumbai, June 17 -- The key equity benchmarks traded with minor gains in early trade, supported by the peace agreement between the United States and Iran. Investors sentiment boosted as crude oil prices fell below $80 per barrel. The appreciation of rupee supported risk appetite of investors. Market participants will closely monitor the key decisions emerging from the G7 Summit, as well as monsoon developments, FII activity, and inflation trends for directional cues. Nifty traded above the 24,000 level.
Consumer durables, IT and media shars advanced while metal, realty and auto shares declined.
At 09:25 IST, the barometer index, the S&P BSE Sensex advanced 58.36 points or 0.08% to 76,866.84. The Nifty 50 index jumped 19.05 points or 0.08...
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