In today’s business, buying is being seen in major Asian markets. At the same time, on Wednesday, the US markets also closed strong.
Stock Market Update Today: Global cues are looking better for the domestic stock market. In today’s business, buying is being seen in major Asian markets. At the same time, on Wednesday, the US markets also closed strong. The US Fed has increased interest rates by 0.75 percent to control inflation. This is the highest increase since 1994. At the same time, there are indications that the central bank is fully focused on reducing inflation and rates may again increase by 0.75 percent in July. This created a sentiment that the government is serious about inflation. On Wednesday, Dow Jones gained 303.70 points or 1 percent and closed at 30,668.53. The S&P 500 index gained 1.46 percent and closed at 3,789.99. While the Nasdaq gained 2.5 percent and closed at the level of 11,099.15.
Brent crude is at $ 120 per barrel, while American crude is also close to $ 117 per barrel. The 10-year bond yield in the US is at 3.372 per cent. Talking about the Asian markets, SGX Nifty is up 0.81 percent, Nikkei 225 is seeing 1.40 percent and Straight Times is seeing a gain of 0.86 percent. Weakness of 0.51 percent is being seen in Hang Seng. Taiwan Weighted is up 0.45 per cent and Kospi is up by 1.25 per cent. Shanghai Composite is also trading with a gain of 1.03 per cent.
Live Updates
Stock Market Live: Updates of every news of the stock market
Stock Market Live: Updates of every news of the stock market
