look news india
Mumbai: Indian stock markets remained closed today-Wednesday on the occasion of Ram Navami festival. At the same time, there was a break in the decline in global markets today and recovery was seen. Despite Iran-Israel tensions and reports that Israel would attack Iran in retaliation at any time, Europe recovered today due to efforts by the US, European countries and expectations of corporate results. Situation of war between the two countries. Along with this, the European Central Bank's indication of interest rate cut at any time also halted the recovery in the European markets.
Germany's Dex increased by 85 points, London's Futsee increased by 48 points, France's Cake increased by 98 points.
The recovery in European markets today was driven by positive expectations of corporate results, with the ECB hinting at an interest rate cut and Barclays and Julius recommending buying in stocks. In the European markets in the evening, the FUTSI 225 index of the London Stock Exchange showed an improvement of 48 points, Germany's DAX by 85 points and France's CAKE 40 index showed an improvement of 98 points. In the markets of Asia-Pacific countries, Nikkei 225 index of Japan's Tokyo Stock Exchange decreased by 509.40 points to 37961.80, Hong Kong's Hang Seng increased by 2.87 points to 16251.84 and China's CSI 300 index increased by 54.29 points to 3565.40. The MSCI Asia Pacific index was down 0.4 percent. Also, the possibility of delay in interest rate cut by the US Federal Reserve had a negative impact yesterday as the two-year treasury yield also crossed the five per cent level yesterday following the fall in global markets.
A look at the quarterly results of Infosys, Bajaj Auto today
Indian stock markets will be eyeing the results of IT giant Infosys and auto giant Bajaj Auto in the corporate results season tomorrow-Thursday, April 18. On the other hand, with the first phase of Lok Sabha elections scheduled to take place on April 19, some sections of the market were cautious about reducing overbought conditions and allowing the decline to continue.