Stock Market Today: Indian indexes likely to see a good start; US markets divided, Asian sentiments positive

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Navneet Choudhary
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Stock Market Today

Stock Market Today: The larger Indian index has gained 50 points, or 0.29 percent, according to trends on the Singapore Exchange Nifty. On the Singapore Exchange, Nifty futures were trading around the 17,063 level.

Oil prices little changed; supply concerns, banking crisis in focus

After rising in the previous session, crude prices fell in early Asian trading on Tuesday as oil markets concentrated on developments in the banking crisis as well as supply concerns and signs of a growing demand.

At 00:18 GMT, Brent crude futures decreased 2 cents to $78.10 a barrel. To reach $72.89, West Texas Intermediate U.S. crude increased by 8 cents, or 0.1%.

Stock Market Today: Safe-haven dollar slides as bank fears ease; yen surges

On Tuesday, the demand for the safest assets decreased as fears of a full-blown banking crisis subsided, causing the U.S. dollar to decline for a second day against key peers.

But, the typically safe haven yen sharply recovered from overnight losses as analysts predicted that Japanese firms would likely bring home their foreign gains as the country's fiscal year came to a conclusion on Friday.

In addition to the Australian dollar, which is risk-sensitive, the euro and sterling also gained ground. In Asian trading, the U.S. dollar index, which compares the greenback to six other currencies, including the yen, fell 0.14% to 102.6, adding to Monday's 0.35% loss.

Gold slips more than 1% as risk appetite improves

On Monday, gold prices dropped more than 1% as concerns about a banking crisis diminished, leading investors to reduce safe-haven bets in favour of riskier assets like equities and crude oil.

By 2:10 p.m. EDT, spot gold was down 1.2% to $1,952.95 per ounce (18:10 GMT). U.S. gold futures ended the day at $1,953.80, down 1.5%.

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