Market’s weak start, Nifty 16600 . beneath

There is a mixed reaction in the Indian stock market today. The Sensex was down 292 points at 52,239 on the BSE and the Nifty was down 101 points at 15,537 on the NSE. US market is booming even under pressure Amidst the fear of recession, the US stock market is currently showing signs of […]
 


Market’s weak start, Nifty 16600 .  beneath
There is a mixed reaction in the Indian stock market today. The Sensex was down 292 points at 52,239 on the BSE and the Nifty was down 101 points at 15,537 on the NSE.
US market is booming even under pressure

Amidst the fear of recession, the US stock market is currently showing signs of recovery. The Nasdaq had gained 2.51 per cent in the previous trading session. The Federal Reserve has indicated a 0.75 percent increase in interest rates in July. Whereas in September it may increase by 0.50 percent. Despite these signs, the US markets are seeing an uptrend.
Asian markets rally
Most of the Asian markets opened with gains in the morning. The Singapore Stock Exchange gained 0.18 per cent. Japan’s Nikkei is up 0.03 percent. Hong Kong’s stock market gained 1.17 percent and Taiwan’s stock market was up 2.35 percent. However, South Korea’s Kospi fell 1 per cent. China’s Shanghai Composite closed down 0.01 per cent.