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HomeCURRENT AFFAIRSBUSINESSS&P 500 index gained 0.36 percent and closed at 3,845.08

S&P 500 index gained 0.36 percent and closed at 3,845.08

Global cues are seen mixed for the domestic stock market. In today’s business, mixed trends are being seen in major Asian markets. Whereas on Wednesday, the US markets also rose for the third consecutive day.

On Wednesday, Dow Jones gained 69.86 points and closed at the level of 31,037.68. The S&P 500 index gained 0.36 percent and closed at 3,845.08.

While the Nasdaq saw a 0.35 percent increase and closed at the level of 11,361.85. The US Federal Reserve reiterated in its minute that the Central Bank is doing everything possible to control inflation.

At the same time, there have been indications that after the meeting of 26 and 27 July, interest rates may increase by 50 or 75 basis points.

There has been a big fall in the prices of Brent crude. Crude is trading below $100 at $99 a barrel. While US crude is at $97 per barrel. The 10-year bond yield in the US stands at 2.915 per cent.

Also Read – Stock Market Update Today: Today’s Top Gainers

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0.41 percent and Nikkei 225 is up 0.70 percent.

There is a 0.12 percent weakness in Strait Times, while the Hang Seng is showing a decline of 1.32 percent. Taiwan Weighted is up 0.09 percent, while Kospi has also gained 1.46 percent. The Shanghai Composite is down 0.37 per cent.

Tata Group’s Titan Company said that its sales in the April-June quarter have increased almost 3 times on a year-on-year basis. Due to the low base of the Covid-19 affected quarter last year, such strong growth has been seen.

The company’s network expansion and campaign have progressed well throughout Q1FY23.

According to Dr Reddy’s Chairman K Satheesh Reddy and Co Chairman-cum-Chairman and Managing Director GV Prasad, the company aims to reach 150 million patients by 2030 as part of its sustainability goal.

Also Read – Stock Market Update Today: Today’s Top Gainers

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