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Global market today: SGX Nifty to US markets — key factors that you should know

 

Global Markets Today: During the evening deals, the US stock market saw a lot of buying as sentiment toward the bank crisis returned. As long as the dollar index remains above the 102 level, the US dollar is gaining ground in the Asian stock market session early in the morning. However, in morning trade on Asian markets, crude oil prices remained above $72 per barrel.

Following the stock market holiday for Ram Navami 2023, we have compiled a list of the major global market triggers that may assist Indian stock market traders on Friday when trading resumes on the BSE and NSE:

american stock market

Wall Street witnessed a lot of buying during evening deals after the US bank crisis eased. At the conclusion of the deals on Wednesday, the S&P 500 index gained 1.42 percent, the Dow Jones gained 1 percent, and the tech-heavy Nasdaq gained 1.79 percent.

HDFC Securities’ head of retail research, Deepak Jasani, stated: On Wednesday, Chinese tech stocks were boosted by Alibaba’s plan to split into six units, while global equities were mostly up as concerns about the banking sector eased. I went faster.

asian stock market today

In early morning session, the Japanese Nikkei fell 0.69 per cent, the Shanghai index was trading sluggish around its close levels on Wednesday, Hong Kong’s Hang Seng rose more than 2 per cent, while South Korean KOSPI was off 0.07 per cent.

sgx nifty today

SGX Nifty is trading flat today due to Ram Navami holiday in the stock market. The SGX Nifty opened with a loss at 17,167 today and went as low as 16,948. However, it soon picked up momentum and retested the 17,000 level and touched a high of 17,213.

US Dollar to INR

Following indications of improvement in the US banking crisis, the US dollar attracted buying in the morning deals. At 102.420, the US dollar index is up 0.11%.

“We expect Indian Rupee to trade with a slight downside bias on strong dollar from OMCs and dollar demand towards the end of the month,” said Anuj Chaudhary, Research Analyst at Sharekhan by BNP Paribas, when asked about the relationship between the US dollar and the Indian National Rupee (INR). Nevertheless, there has been progress. Risk assets may be supported by global risk sentiment regarding banking turmoil in the US and Europe. In light of the pending lower-than-average domestic sales data from the United States, traders may continue to exercise caution. is anticipated to decline. In the near future, it is anticipated that the USDINR spot price will fluctuate between 81.80 and 82.80.

crude oil price

Crude oil prices increased further during the morning session on Thursday and remained above $72 per barrel. Today, WTI crude oil began trading at $72.92 per barrel and reached a high of $73. Additionally, Brent crude oil remained above $77 per barrel.

US bond yield

The yield on the US 10-year bond increased by 0.31% in morning deals to 3.577, while the yield on the US 30-year bond decreased by 0.66% to 3.772.

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