After the minutes released by the Federal Reserve, the US market closed with gains on this expectation. The Dow Jones added 95 points, up 0.28%, the S&P 500 up 0.59% and the Nasdaq 0.99%. Dollar index up due to pessimistic sentiment on interest rates Fell over 1 percent to 106 SGX Nifty is now up 46 points above 18300. The Sensex had gained nearly 450 points in early trade on Wednesday. Experts say that the sentiment of domestic investors has also been positive due to the rapid growth in the global market.
Global Market Situation (7.36 am)
|Small Cap 2000||1,862.82||0.13%||2.38|
|S&P 500 VIX||20.35||-4.42%||-0.94|
|TR Canada 50||334.43||0.50%||1.67|
|euro stoxx 50||3,946.44||0.42%||16.54|
|Tadawul All Share||10,965.41||0.32%||34.9|
|Dj New Zealand||297.89||0.08%||0.24|
Rupee falls 18 paise to 81.85 per dollar
The rupee on Wednesday depreciated 18 paise to close at 81.85 against the US dollar at the interbank foreign exchange market on improving crude oil prices and increased demand for the American currency from importers. Market sources said continuous outflow of foreign capital and rising cases of Kovid-19 in China affected investor sentiment. On Tuesday, the rupee had closed at 81.67 per dollar.
Asian markets up
The impact of Fed’s minutes is also being seen on the Asian markets. Japan’s Nikkei is up 1.22 percent and Korea’s Kospi is up 0.72 percent. Today the market is expected to open with a boom. On Wednesday, the Indian market closed at 61510 with a jump of 91 points and the Nifty closed at 18267 with a jump of 23 points.
The Indian stock market may register gains for the third consecutive trading session on Thursday. The ongoing rally in global markets will encourage domestic investors to buy today and their positive sentiment may continue. Except for the first trading session of the week, the market closed with gains on the remaining two days.
In the previous session too, the Sensex closed up 92 points at 61,511, while the Nifty closed up 23 points at 18,267. The Sensex had gained nearly 450 points in early trade on Wednesday. Experts say that due to the ongoing boom in the global market, the sentiment of domestic investors has also been positive and they are continuously insisting on buying. This trend is expected to continue further in the market and soon the Sensex will again cross the figure of 62 thousand.