Stock Market Today: With the SGX Nifty showing a mixed trend with the most of the Asian indices falling in the first sessions, markets may start off cautiously. Nifty will continue to be in charge, and all bullish eyes will be on the index’s record high at 18888 if Friday’s strong positive session is any indicator. The two encouraging factors that would encourage investors in an otherwise depressing global picture are FIIs continuing to inject capital into domestic equities and India’s improving economic status. Additionally, we anticipate Bank Nifty to significantly outperform and maybe hit its all-time high at the 44499 level.
Asian Markets
On Monday, stocks in the Asia-Pacific region were trading lower as a result of poor signals from Wall Street. In trading, the Nikkei 225 in Japan fell 0.38%, while the Shanghai Composite in China fell 0.35%. The Hang Seng index in Hong Kong fell by 0.66%, while the Kospi in South Korea fell by 0.77%. Losses of 0.23% were reported by the Taiwan Weighted index.
Stock Market Today: Oil prices
As concerns over China’s economy overshadowed OPEC+ output cuts and the seventh straight decline in the number of oil and gas rigs operating in the United States, global oil prices declined on Monday, reversing last week’s gains.By 00:42 GMT, Brent crude had down 68 cents to trade at $75.93 per barrel, while WTI crude in the United States had fallen 59 cents to $71.19.
Tokyo’s Nikkei opens lower
Following losses on Wall Street and the largely anticipated decision by the Bank of Japan to maintain its current course of policy, Tokyo’s important Nikkei index dipped at the opening of trading on Monday.The broader Topix index nudged up 0.12 percent, or 2.71 points, to 2,303.07 while the benchmark Nikkei 225 index fell 0.14 percent, or 47.77 points, to 33,658.31 in early trade.
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