The Indian stock market, including Sensex and Nifty 50, is expected to be volatile today, especially with the monthly futures & options (F&O) expiry and mixed global trends.
Asian markets are doing well, while the US stock market ended with mixed results, and the Dow Jones broke its four-day winning streak.
On Wednesday, the Indian stock market closed higher, with Nifty 50 surpassing the 26,000 mark for the first time. Sensex gained 255.83 points to close at 85,169.87, and Nifty 50 rose 63.75 points, settling at 26,004.15.
Here are 7 important updates for today:
- Asian Markets: Asian markets are trading higher, with Japan’s Nikkei 225 and South Korea’s Kospi making solid gains. China’s CSI 300 reached its highest point in almost two months.
- Gift Nifty: Gift Nifty is trading around 26,045, suggesting a positive start for the Indian market today.
- Wall Street: The US stock market had a mixed closing. The Dow Jones dropped 293 points, breaking its recent gains, while the S&P 500 and Nasdaq saw slight changes. Nvidia’s stock rose 2.14%, but Apple slipped by 0.52%.
- US Home Sales: New home sales in the US fell less than expected in August, dropping by 4.7% to 716,000 units. However, earlier data for May, June, and July was revised upwards.
- Gold Prices: After reaching record highs, gold prices held steady at $2,656.60 per ounce. US gold futures dropped slightly to $2,680.
- Oil Prices: Oil prices remained almost unchanged after a recent 2% drop. Brent crude is at $73.51 a barrel, while US WTI is at $69.71.
- Dollar and Treasury Yields: The US dollar rebounded, and Treasury yields increased. The dollar index rose to 100.91, with 10-year Treasury yields going up by 4.9 basis points to 3.784%.
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