Stocks To Watch: PNB, Wipro, Grasim Industries, TCS, KPI Green Energy
Stocks to watch before going into trade.
U.S. stocks declined as traders waited for Fed chief Jerome Powell’s speech to understand the future direction of key policy rates. S&P 500 declined 0.3%, while the tech-heavy Nasdaq rose 0.2%. Yield on 10-year Treasuries rose five basis points to 3.79%.
Oil surged 2.8% above $80 a barrel after government data showed that U.S. stockpiles declined the most since 2019. Gold futures changed little, while Bitcoin rose 2.2% to trade cross $16,800-level.
The Indian benchmark indices continued their rally to touch new record highs, with Sensex touching the 63,000-mark for the first time ever. All 20 sectoral indices compiled by BSE Ltd. closed in green, with BSE Utilities rising the most at 2.52%.
Rupee registered gains against the U.S. dollar to close higher as the greenback faltered in the global markets and domestic equities surged.Continue Reading. Read more on Business News by BloombergQuint.