Share Market Live Updates 21 June:Even the local stock market may ‘anulom-vilom’ today on yoga day. This means that Sensex-Nifty may see a lot of ups and downs today. The stock market is likely to have a flat start today. Because, this morning Gift Nifty was trading at the level of 23,595. This was almost 10 points higher than the previous close of Nifty futures. Apart from this, mixed business was seen in Asian markets.
Japan’s Nikkei 225 was flat, while the Topix rose 0.52%. South Korea’s Kospi fell 0.44% and the Kosdaq fell 0.5%. Hong Kong Hang Seng index futures signaled a decline.
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The state of Wall Street
US stock markets closed mixed on Thursday. The Dow Jones Industrial Average was up 299.90 points, or 0.77%, at 39,134.76, while the S&P 500 was down 13.86 points, or 0.25%, at 5,473.17. The Nasdaq Composite was down 140.64 points, or 0.79%, at 17,721.59.
The Bank of England kept the policy rate unchanged
Britain’s central bank kept its key interest rate at a 16-year high of 5.25 percent on Thursday despite a drop in retail inflation. This could increase the electoral difficulties of the ruling Conservative Party. The Bank of England said in a statement that the nine-member Monetary Policy Committee has decided to keep the policy interest rate at 5.25 percent.
Some members of the committee were not in favor of lowering interest rates. In fact, it was expected that the British central bank may cut interest rates slightly this time around, with retail inflation approaching the two percent target. Policy interest rates in Britain are at a 16-year high.