look news india
Global Market: On the day of Nifty's monthly closing, good signals are being seen from the global markets. Trading is going on strongly in Asia. Dow futures saw a slight increase. GIFT NIFTY is trading 50 points higher. Yesterday, mild profit booking was seen in the US markets.
US markets fell from record highs. Utilities and tech stocks outperformed. Shares of Chinese companies were under pressure yesterday. The market is expecting a big relief package from China. The market is waiting for the third quarter results of companies. It is expected to fall by 0.75% in the US. The number of home loan takers will increase in the US by September 20. Home loan applications in the US increased by 11% in a week. The number of home loan applications increased after June 2022.
Pressure increased on crude
Crude oil prices fell by about 3% in a day. Brent fell to $73. WTI is also trading below $70. Pressure increased due to improvement in supply in Libya. Talks are going on between the Libyan government and the opposition. Ceasefire efforts will continue between Israel and Lebanon.
Asian Marketplace
Strong trading is being seen in the Asian market today. GIFT Nifty is trading with a gain of 45.50 points. At the same time, Nikkei is seen around 38,812.94 with a gain of 2.43 percent. At the same time, Straits Times is seeing a gain of 0.66 percent. Taiwanese markets are trading 0.39 percent higher at 22,849.65. While Hang Seng is seen at 19,491.89 with a gain of 1.90 percent. At the same time, Kospi is trading at 2,649.04 with a gain of 2.03 percent. At the same time, Shanghai Composite was trading at 2,914.91 with a gain of 18.60 points or 0.64 percent.