Latest Market News Today Live Updates June 23, 2024: Wall Street week ahead: Investors eye Fed’s preferred PCE inflation, personal income data

From Hindustan Times: 2024-06-23 11:45:02

Stock Markets Update: Keep up with Nifty 50 and Sensex movements plus top gainers and losers. Get insights on how Asian and US markets performed and which sectors drove the action. Stay informed with Mint’s real-time market blog for all things Dalal Street and global markets.

Wall Street Focus: Investors are watching Fed’s PCE inflation, personal income data, 2nd Q1 GDP estimate, and May home sales figures. Granules and Suzlon stocks are recommended buys by LKP Securities. Nifty50 target raised to 26,500 for December 2025, driven by strong mid and small-cap performance.

Top Stock Picks: ICICI Securities recommends GAIL Ltd and Kajaria Ceramics Ltd. Allied Blenders and Distillers IPO features a ₹1,000 crore fresh issue and a ₹500 crore offer-for-sale. Market capitalization of top-10 firms rises by ₹1.06 lakh crore, led by HDFC Bank.

Commodity Update: Gold prices at Rs. 74,637 for 10 gm and silver at Rs. 90,850 for 1 kg in Delhi. Upcoming IPOs include ten new public issues and eleven new listings. Market triggers include macro data, F&O expiry, and global cues as Nifty aims for 24,000 this week.



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