Suspense Crime Sach Ka Dam
[ad_1]
Stock Market Today: There are strong signals from the global market. However, on the second day of the week i.e. today, the beginning of the Indian stock market has been weak.
The Sensex was down 31.18 points or 0.05% at 62,314.53 and the Nifty was down 1.30 points or 0.01% at 18,397.50. Around 1397 scrips advanced, 469 scrips declined and 101 scrips remained unchanged.
ONGC, Hindalco Industries, SBI Life Insurance, Wipro and Infosys were the top gainers on the Nifty, while HDFC, HDFC Bank, Britannia Industries, Larsen & Toubro and UPL were the top losers.
sensex stock position
Out of 30 Sensex stocks, 18 stocks are trading higher and 12 stocks are trading lower. Bajaj Finance stock is currently trading with a maximum gain of 1.15 percent. On the other hand, Sun Pharma, Bajaj Finserv, Infosys, Wipro, Asian Paints, Nestle, TCS, NTPC, Titan, Tata Motors, SBI, ICICI Bank, Tata Steel and HDFC Bank, among others, are trading with gains.
Market watch on US President’s meeting
The market is eyeing the US President’s meeting. In fact, US Treasury Secretary Janet Yellen said on Monday that if there is no decision on the debt limit by June 1, the US may face a major debt default. He has given this information in a letter to the Congress. This statement of Janet Yellen has come at a time when the US President’s team and Congress leaders will meet for talks on Tuesday.
Will US rates rise?
Atlanta Federal Reserve President Rafael Bostick has said he is not in favor of raising rates. Chicago Fed President Austin Golsby is also not in favor of raising rates. Minneapolis Fed President Neel Kashkari is still in favor of a rate hike. He said that the rate of inflation is high, it is necessary to increase the rate. The US Fed will meet on June 13-14.
Crude oil is in recovery mode
Crude oil prices rose for the second consecutive day in early trade on Tuesday. Crude climbed after 4 weeks of decline. Yesterday crude oil prices had increased by 2 percent. Brent has crossed $75 while WTI has crossed $71.50. Prices have risen in anticipation of reduced supply. The US is currently planning to buy crude oil for the Strategic Petroleum Reserve (SPR). This increase in oil prices is due to the supply problem in many countries including Canada. Initiation of buying at lower levels also added to the upside in prices.
Asian market
Meanwhile, mixed business is being seen in the Asian markets today. SGX Nifty is showing a jump of 46.50 points. At the same time, Nikkei is seen around 29,828.71 with a gain of 0.68 percent. At the same time, there was a weakness of 0.08 percent in Straight Times. Taiwan’s market is trading at 15,663.41 with a gain of 1.22 percent. While Hang Seng is seen at the level of 20,066.22 with a gain of 0.48 percent. At the same time, Kospi is trading with a gain of 0.31 percent. While Shanghai Composite is trading flat.
