look news india
Global Market: Today there are good signs for the market. FIIs bought in cash after 38 sessions. Cut for the second consecutive day. Yesterday a huge fall of 3 percent was seen in crude. Dow Jones closed at a record high, although the broader Nifty traded with slight weakness. The Dow closed at a record high for the second consecutive day. The S&P 500 closed at a new high yesterday. This increase was due to the election of Scott Besant as Treasury Secretary.
RBC Capital on S&P500
RBC Capital said on the S&P 500 a 5-10% correction is possible before another uptrend.
there is pressure in crude
Crude oil prices have fallen by 3 percent in a single day. The price of Brent has slipped below $73. WTI price slipped below $69. A ceasefire is possible between Israel and Hezbollah. The meeting of OPEC+ countries will be held on 1 December. OPEC+ may stop increasing production from January.
Will the war end soon?
A ceasefire is possible between Israel and Hezbollah. Announcement of ceasefire is possible in the coming days. Even amid negotiations, artillery and rocket attacks continue. Israel’s security cabinet will vote on Tuesday.
Asian market
Today mixed business is being seen in the Asian market. Gift Nifty is trading with a decline of 64.00 points. At the same time, Nikkei is seen falling by 1.36 percent to around 38,260.38. Whereas Straits Times is showing a weakness of 0.33 percent. Taiwan markets are trading 0.83 percent lower at 22,762.72. At the same time, Hang Seng is seen at the level of 19,239.13 with a strength of 0.46 percent. At the same time, Kospi is trading 0.54 percent down at 2,520.78. At the same time, Shanghai Composite is trading at 3,271.79, up 8.03 points or 0.25 percent.