Saturday , November 23 2024

Signals of strength from global market, selling pressure in Asian markets

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New Delhi, 29 October (Hindustan Reporter). There are signs of strength from the global market today. There was an atmosphere of enthusiasm in the US market during the last session. However, Dow Johns Futures seems to be trading with a decline today. The European market also remained bullish during the last session. There is generally selling pressure in Asian markets today.

There was a continuous atmosphere of enthusiasm in the American market during the last session, due to which the Wall Street indices were successful in closing strongly. Dow Jones closed with a jump of more than 370 points. Similarly, the S&P 500 index ended the last session's trading at the level of 5,823.52 points with a rise of 0.27 percent. Apart from this, Nasdaq closed at the level of 18,567.19 points with a gain of 0.26 percent. Dow Johns Futures is currently seen trading at the level of 42,319.48 points with a weakness of 0.16 percent.

Like the American market, the European market also remained bullish during the last session. The FTSE index jumped 0.44 percent to close at 8,285.62 points. Similarly, the CAC index ended the last session's trading at the level of 7,556.94 points with a gain of 0.79 percent. Apart from this, DAX index closed at the level of 19,531.62 points with a gain of 0.35 percent.

There is a generally downward trend in Asian markets today. Out of 9 markets in Asia, 7 indices are trading in the red with a decline, while 2 indices remain in the green with an increase. Nikkei index is trading at the level of 38,777.46 points with a gain of 171.93 points or 0.44 percent. Similarly, the SET Composite Index has jumped by 0.28 percent and reached the level of 1,457.10 points.

On the other hand, GIFT Nifty is trading at the level of 24,253.50 points with a decline of 161.50 points or 0.67 percent. Similarly, the Straits Times Index declined by 0.33 percent to reach the level of 3,572.38 points. There has been a big decline in the Taiwan Weighted Index today. Currently, this index has fallen by 405.94 points or 1.78 percent to the level of 22,792.13 points. Similarly, Kospi index is seen trading at the level of 2,599.41 points with a weakness of 0.50 percent. Apart from this, Hang Seng Index slipped by 0.06 percent to the level of 20,587.65 points, Jakarta Composite Index fell by 0.02 percent to the level of 7,633.18 points and Shanghai Composite Index slipped by 0.66 percent to the level of 3,300.52 points.