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Stock Market News: The US market has seen a boom. However, Gift Nifty indicated a starting to start with sluggish to sluggish weakness after overnight in the US markets. US President Donald Trump has announced that he will not remove the president of the Federal Reserve. Apart from this, in Wall Street, there is also a boom due to the expectations of reduced tariffs on China.
Earlier on Wednesday, the NSE Nifty-50, 182 points, increased to 0.67% to close at 24,329, while the BSE Sensex increased 521 points, or 0.65% to 80,117.
Asian Market
If we talk about Asian markets, then the American stock market has seen a boom due to positive signals. Japan’s Nikkei 225 saw an increase of 0.96 percent and it reached 35,204. However, South Korea’s Kopy has declined by 0.55 percent and fell to 2,511.83. While the Hangcand’s Hengseng Index traded at 22,072. China’s index was trading at Shanghai Composite 3,296.
American market
The US stock market is in positive expectation from the signs of decreasing business tension between American and China. Apart from this, President Trump has said that he has no intention of removing Federal Chief Jerome Powell. After its positive trend, Dow Jones Industrial Average climbed 419.59 points i.e. 1.07 percent to 39,606.57.
The S&P 500 saw an increase of about 1.67 percent and it came to 5,375.86. While Nasdaq Composite rose 2.50 percent to close at 16,708.05.
US dollar
The US Dollar Index (DXY), which assesses the price of dollar compared to six foreign currency, declined by 0.11 percent on Thursday morning, it was at 99.77. The index decides whether the dollar is weak or strengthened compared to the major currency. In the currency of these six countries, British Pond, Euro, Swidish Krona, Japan’s Yen, Swiss Frank etc. On April 23, the rupee has declined by 0.25 percent and it reached 85.42.
Gold prices fall
Here, on Thursday, there has been a decline in the international market in the price of gold. The spot gold has fallen by 3 percent to $ 3281.6 an ounce. While the US Glod Future has come down by 3.7 percent and it is being sold at the rate of $ 3294.10 an ounce.
