Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green for this first time this week on Thursday. BSE Sensex surged over 300 points and Nifty50 was above 22,250. At 9:27 AM, BSE Sensex was trading at 73,282.53, up 339 points or 0.46%. Nifty50 was at 22,264.75, up 117 points or 0.53%.
This week equity markets have seen a downward trend as heightened tensions in the Middle East dampened investor sentiment.”In the near term, we expect the market to remain volatile until the Iran-Israel tension eases. US Chair Powell’s speech late today will hold importance with the ongoing uncertain environment,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal.
Technical analysis by Nagaraj Shetti of HDFC Securities suggests that while the short-term trend remains weak, the market may experience an upward bounce from the current levels, given the cluster support around 22,000. The immediate resistance is pegged at 22,260.
US stocks experienced a decline amid choppy trading as investors evaluated the Federal Reserve’s stance on interest rates and a series of disappointing earnings reports early in the financial reporting season. The Dow fell 0.12%, the S&P 500 dipped 0.58%, and the Nasdaq dropped 1.15%.
Asian markets were mixed at the open, following the extended losing streak in US shares. S&P 500 futures were relatively unchanged as of 9:03 a.m. Tokyo time. Japan’s Topix fell 0.3%, while Australia’s S&P/ASX 200 rose 0.2%. Hang Seng futures declined by 0.5%.
Oil prices saw a slight increase in early trading on Thursday, partially recovering from the previous session’s losses after the United States announced the reinstatement of oil sanctions on Venezuela and the European Union discussed fresh curbs on Iran.
Foreign portfolio investors (FPIs) were net sellers for the third consecutive day on Tuesday, offloading shares worth Rs 4,468 crore. Domestic institutional investors (DIIs), on the other hand, purchased shares worth Rs 2,040 crore.
The Indian rupee closed at a record low of 83.5 against the US dollar on Tuesday, as escalating geopolitical tensions in the Middle East and concerns over the Federal Reserve delaying interest rate cuts triggered a selloff in risky assets. The rupee ended at 83.5350 to the US dollar, its weakest close on record, compared to 83.4500 in the previous session.
FII data revealed that the net short position of FIIs increased from Rs 5,007 crore on Monday to Rs 36,391 crore on Tuesday.
Several companies, including Infosys, Bajaj Auto, and HDFC Life, are set to announce their fourth-quarter earnings on Thursday.
This week equity markets have seen a downward trend as heightened tensions in the Middle East dampened investor sentiment.”In the near term, we expect the market to remain volatile until the Iran-Israel tension eases. US Chair Powell’s speech late today will hold importance with the ongoing uncertain environment,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal.
Technical analysis by Nagaraj Shetti of HDFC Securities suggests that while the short-term trend remains weak, the market may experience an upward bounce from the current levels, given the cluster support around 22,000. The immediate resistance is pegged at 22,260.
US stocks experienced a decline amid choppy trading as investors evaluated the Federal Reserve’s stance on interest rates and a series of disappointing earnings reports early in the financial reporting season. The Dow fell 0.12%, the S&P 500 dipped 0.58%, and the Nasdaq dropped 1.15%.
Asian markets were mixed at the open, following the extended losing streak in US shares. S&P 500 futures were relatively unchanged as of 9:03 a.m. Tokyo time. Japan’s Topix fell 0.3%, while Australia’s S&P/ASX 200 rose 0.2%. Hang Seng futures declined by 0.5%.
Oil prices saw a slight increase in early trading on Thursday, partially recovering from the previous session’s losses after the United States announced the reinstatement of oil sanctions on Venezuela and the European Union discussed fresh curbs on Iran.
Foreign portfolio investors (FPIs) were net sellers for the third consecutive day on Tuesday, offloading shares worth Rs 4,468 crore. Domestic institutional investors (DIIs), on the other hand, purchased shares worth Rs 2,040 crore.
The Indian rupee closed at a record low of 83.5 against the US dollar on Tuesday, as escalating geopolitical tensions in the Middle East and concerns over the Federal Reserve delaying interest rate cuts triggered a selloff in risky assets. The rupee ended at 83.5350 to the US dollar, its weakest close on record, compared to 83.4500 in the previous session.
FII data revealed that the net short position of FIIs increased from Rs 5,007 crore on Monday to Rs 36,391 crore on Tuesday.
Several companies, including Infosys, Bajaj Auto, and HDFC Life, are set to announce their fourth-quarter earnings on Thursday.
