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Share Market Today: The impact of Trump’s threat of imposing 20-25 percent tariffs on goods coming from India was not seen in the stock market today. The stock market made a strong start today. The 30 -share BSE Sensex opened at 81594 with a jump of 256 points. Whereas with a tremendous speed of 69 points, NSE’s Nifty-50 was seen trading at the level of 24980.
These shares will be in focus
Today, investors will be eyeing the results of the first quarter of Tata Steel, Power Grid Corporation, Interglobe Aviation (Indigo’s original company) and Hyundai Motor Company. Apart from this, the IPO of National Securities Depository Limited (NSDL), India’s oldest and largest depository company, has also opened from today. The size of the issue is Rs 1,300 crore. The company raised Rs 1201 crore from anchor investors on Tuesday.
Mixed stance of Asian market
On Wednesday, a mixed attitude of the Asian markets was seen as US Commerce Secretary Howard Lutnik said that the deadline for putting tariffs on several big trading partners on Friday by President Donald Trump will not be delayed further. Meanwhile, Japan’s Nikkei 225 index remained down 0.12 percent, while the topics closed with a growth of 0.1 percent. A 0.48 percent in Kospi, South Korea and a 0.42 percent lead in Small-Cap Kosdac. However, Hong Kong’s Hong Seng declined by 0.15 percent and China’s Shanghai Composite recorded an increase of 0.33 percent.
US stock market condition
The futures associated with the US share indices did not change during trading on Wednesday as investors are waiting for the Federal Reserve’s decision at the interest rate and at the same time the investors are engaged in analyzing the June quarter results. In the S&P 500 index, futures deals rose less than 0.1 percent, while Nasdaq 100 futures gained a 0.1 percent lead. Dow Jones Industrial Average broke up to 23 points.
US dollars and crude oil prices
The dollar index (DXY), which measured the dollar strength against the world’s six major currencies, was seen trading at 98.72 on Wednesday morning with a decline of 0.21 percent. The index assesses the strength or weakness of the US dollar against the six major currencies. This basket has currency like British pounds, euros, Swedish Krona, Japanese Yen, Swiss Francs. On July 30, the rupee closed at 86.81 against the dollar with a decline of 0.16 percent.
Crude oil prices saw a rise on Wednesday morning. WTI crude prices were trading at $ 69.24 by 0.05 percent, while Brent crude prices rose by 0.12 percent to trade at $ 72.60.
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