Selling is being seen in major Asian markets in today’s business. On the other hand, just before the start of the earning season, the stock futures are also looking weak.
Stock Market Update Today: Global signals are looking mixed for the domestic stock market today. Selling is being seen in major Asian markets in today’s business. On the other hand, just before the start of the earning season, the stock futures are also looking weak. Whereas on Monday, weakness was seen in the US markets. There was a weakness of 164.31 points or 0.52 percent in Dow Jones and it closed at the level of 31,173.84. The S&P 500 index declined 1.15 per cent and closed at 3,854.43. On the other hand, there was a weakness of 2.26 percent in Nasdaq and it closed at the level of 11,372.60. In the earnings season, it will be clear how much inflation has affected the profits of the companies.
Brent crude remains above $100. In the international market, crude is trading at $106 per barrel. US crude is also at $ 103 a barrel. The 10-year bond yield in the US stands at 2.965 per cent. Talking about Asian markets, SGX Nifty is showing weakness of 0.75 percent, while Nikkei 225 is also down 1.69 percent. The Strait Times has gained 0.38 per cent, while the Hang Seng is 0.54 per cent weaker. Taiwan Weighted is down 2.24 percent and Kospi is down 1.09 percent. Shanghai Composite is seeing a gain of 0.08 percent.
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