Stock Market Live Updates 10 June 2024: US Fed rate, domestic inflation to drive stock markets this week

Updated – June 10, 2024 at 06:42 AM.

Sensex, Nifty, Share Prices LIVE: The market’s movement this week will be driven by the US Fed interest rate decision, domestic inflation data, and global trends following the Lok Sabha elections and RBI policy decision. Last week, the BSE Sensex and Nifty saw significant gains, closing at record highs. Analysts highlight the importance of global events like the US core inflation figures, the Fed’s interest rate decision on June 12, and Japan’s interest rate decision on June 14. Domestically, key releases include India’s industrial production and inflation data on June 12. Foreign and domestic investor trading activities will also influence market dynamics. Foreign Portfolio Investors continued to sell Indian equities in early June despite a market rebound after a 5.9% crash on June 4. FPIs offloaded ₹14,794 crore in the week ending June 7, following net sales of ₹25,586 crore in May and ₹8,671 crore in April. Overall, FPIs have sold ₹38,158 crore in 2024. V K Vijayakumar of Geojit Financial Services predicts large caps may underperform due to FPI selling but expects this trend to reverse eventually.