Global Market: Weak signs for Indian market, gift Nifty falls more than 100 points, weakness in Asia too

Global Market: Weak signs are being seen for the Indian market. Gift Nifty is seeing a decline of more than 100 points. Business is also being seen in Asia with weakness. At the same time, Dow Jones in America fell more than 300 points. But Nasdaq and S&P managed to shut down at record height. Nvidia closed at a record high yesterday. IBM’s stock closed down 8% yesterday. IBM shares have 4% weightage in Dow Jones. Intel disappointed? Revenue in the second quarter stood at $ 12.86 billion. The loss in the second quarter rose to $ 2.9 billion. The company fears pressure on margin in the third quarter. The CEO said that the company will further cut the cost. The Asian market today is seeing mixed business in the Asian market. The gift Nifty is trading with a decline of 125.00 points. Whereas, Nikkei falls 0.62 per cent to around 41,565.00. Whereas, Straits Times is showing a weakness of 0.49 percent. The Taiwan market is trading at 23,360.81 with a decline of 0.06 per cent. While Hang Seng is seen by 1.08 per cent to 25,390.00. Whereas, Kospi is trading at 3,204.79 with a gain of 0.45 per cent. Whereas, Shanghai Composite is trading at 3,593.15 with a decline of 12.58 points, or 0.35 per cent.