Asian Stock Market Down:
The Indian stock market is likely to open flat or slightly positive today, following mixed signals from global markets. As of the latest data, the Gift Nifty was trading around the 25,265 mark, reflecting a premium of nearly 20 points from the previous close of Nifty futures. This suggests a stable start for Indian stock indices like Sensex and Nifty.
Asian stock markets mostly declined following a volatile session on Wall Street. Japan’s Nikkei 225 dropped by 0.3%, and South Korea’s Kospi fell by 0.98%. However, Hong Kong’s Hang Seng futures indicated a stronger start. The US market, on the other hand, ended with modest gains, with the Nasdaq reaching a record high for the fifth time in six days.
On Wednesday, the Indian stock market ended on a positive note, with Nifty 50 holding above the 25,200 mark. The Sensex rose by 63.57 points, or 0.08%, to close at 82,634.48. The Nifty 50 gained 16.25 points, or 0.06%, settling at 25,212.05.
Experts believe that the Indian market will remain in a range-bound pattern for the short term, with more earnings reports expected and global data on the horizon. In this environment, investors are advised to focus on stock-specific picks.
In the US, the stock market ended higher, although it was a volatile session. The Dow Jones gained 231.49 points (0.53%) to close at 44,254.78, and the S\&P 500 rose 19.94 points (0.32%) to 6,263.70. Notable gains were seen in tech stocks like Nvidia, Advanced Micro Devices, and Tesla.
Meanwhile, a feud between US President Donald Trump and Federal Reserve Chair Jerome Powell continued to create waves in the market. Trump criticized Powell for not lowering interest rates, which he believes could help boost the economy.
Crude oil prices saw an increase, with Brent crude rising to \$68.96 per barrel. Gold prices also steadied after some fluctuations, closing at \$3,343.61 an ounce. The US dollar, however, was on a weak footing, losing ground against major currencies like the yen and euro.
The Indian stock market is set for a stable opening, influenced by global market movements, commodity prices and economic developments in the US and Asia. Investors should stay cautious and focus on stock-specific opportunities in the short term.
Disclaimer:
The views and opinions expressed in this article are those of the individual analysts or sources mentioned, and not necessarily those of the publication. All information provided is for informational purposes only and should not be considered as financial advice. Investors are encouraged to consult with certified financial experts or advisors before making any investment decisions.
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