Global Market: Mixed signals are being seen for the Indian market. Foreign institutional investors (FIIs) bought cash for the third consecutive day. Some covering is being seen in the futures market. However, GIFT Nifty is trading with mild pressure. Meanwhile, US indices declined yesterday.
global market situation
Profiteering was seen in the American market yesterday. NVIDIA shares rose 2% yesterday. NVIDIA’s market capitalization is close to $4.7 trillion.
Will the war end?
Donald Trump will visit Israel. Will be present on the occasion of release of hostages. Hamas chief announces end of war. The Israeli Foreign Minister confirmed the ceasefire. Israel to release 2,000 Palestinians. Israel will help Gaza.
Crisis continues in America
The shutdown entered its 9th day. Allegations and counter-allegations continue between both the parties. Trump says layoffs are possible in the federal bureaucracy. The Senate has canceled plans for next week’s recess.
Rare earth stocks surge
China has tightened restrictions on rare earth exports. The rules have been tightened before the Trump-Xi Jinping meeting. Foreign companies will now have to obtain a license. Now they will have to take license for export. Shares of rare earth companies rose by 4-15% yesterday.
Fed officials’ statements
Michael Burr said caution is necessary before making any cuts. Michael Burr is the Governor of the US Fed. John Williams said another cut could happen this year. John Williams is the President of the New York Fed.
Prime Minister Modi’s tweet
Talked to his friend Donald Trump. Congratulated for Hamas-Israel peace talks. Also reviewed the progress of trade talks. We will remain in constant touch.
Asian market
Today mixed business is being seen in the Asian market. GIFT Nifty is trading with a gain of 2.00 points. Whereas, Nikkei is seen falling by 0.94 percent around 48,124.00. At the same time, a decline of 0.05 percent is being seen in the Straits Times. Taiwan’s markets are closed. At the same time, Hang Seng is seen falling by 1.08 percent at 26,464.00. At the same time, Kospi is trading at 3,597.04 with a gain of 1.35 percent. At the same time, Shanghai Composite is trading at 3,921.40 with a decline of 12.57 points or 0.37 percent.
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