Markets This Morning: Major Overnight Developments Impacting Indian Stocks
Gift Nifty stood at 25,040 which showed a 5-point premium over the Nifty futures' earlier closing level indicating a lack of movement in Indian stock market indices at the start.
Markets This Morning: Major Overnight Developments Impacting Indian Stocks
Stock market today: The performance of Indian stock market showed variability as US stock futures experienced growth because of the reduced trade tensions between the European Union and the United States.
The Indian stock market achieved another day of gains on Monday which continued the upward trend into its second straight session.
The Sensex increased by 455.37 points reaching 82,176.45 while the Nifty 50 rose 148.00 points to end at 25,001.15.
Asian Markets
Asian markets exhibited mixed performances on Tuesday as investors remained cautious about US President Donald Trump's proposed tariff plans. The Kospi in South Korea dropped by 0.15% while Kosdaq showed no change. Initial trading data showed Hong Kong’s Hang Seng index futures to demonstrate no opening movement.
Gift Nifty Today
The Gift Nifty traded near the 25,040 level which showed a 5 point premium over Nifty futures' last close and signaled a stagnant opening for Indian stock market indices.
Wall Street
The US stock market remained closed on Monday because of the Memorial Day holiday. Shares of US stock futures surged as investors ate Trump's decision delaying the tax of tariffs against European Union imports.
The Dow Jones Industrial Average futures grew by 407 points, performing in 1 percent gain, while S&P 500 futures climbed by 1.1 percent. Nasdaq 100 Futures rose 1.3 chance.
Dollar
US debt profile concerns resulted in the US dollar rate drop because they continued to damage investor sentiment towards American financial assets. The bone indicator that measures the note's value against its main trading mates fell 0.1 percent, marking the third successive session of decline.
Japan Bond Yields
The yield on JGBs with a 30- time maturity dropped 10 base points to 2.935 percent, which is the smallest since May 14 while the 40- time JGB yields fell by 10.5 base points, bringing them to 3.43 chance.
Gold Prices
Gold prices rose due to the weakening dollar and concerns over US fiscal health. The spot gold rate went up by 0.1% to $3,344.36 per ounce while US gold futures went down by 0.6% to $3,344.60.
