Stock Market Update: Global cues are looking weak for the domestic stock market. Selling is being seen in major Asian markets in today’s business. On the other hand, stock futures have seen an increase after Tuesday’s fall in the US markets. On Tuesday, Dow Jones fell by 58 points and closed at the level of 32,774.41. NASDAQ declined 151 points and closed at 12,493.93. While the S&P 500 index saw a weakness of 18 points and closed at the level of 4,122.47. The eyes of the market are now on the inflation figures. These figures will be released on Wednesday.
Weakness was seen in the S&P 500 and Nasdaq for the third consecutive day.
Brent crude remains below $100. The price of Brent crude is close to $ 96 per barrel. At the same time, US crude is trading close to $ 90 per barrel. The 10-year bond yield in the US stands at 2.785 per cent. Talking about the Asian markets, SGX Nifty is down 0.21 percent and Nikkei 225 is down by 0.83 percent.
The Strait Times is up 0.40 percent, while the Hang Seng is showing weakness of 1.42 percent. Taiwan Weighted has 0.60 per cent and Kospi has 0.84 per cent weakness. On the other hand, the Shanghai Composite is down 0.38 percent.
Today on August 10, the results of the Zaman quarter of Coal India and Hindalco will come. Apart from these, Eicher Motors, Pidilite, Tata Consumer Products, IRCTC, Abbott India, Patanjali Foods, Max Healthcare Institute, Zydus Lifesciences, NHPC, Cummins India, SAIL and Aarti Inudstries are also going to release their quarterly results.
The profit of Bharti Airtel has increased 5 times to Rs 1607 crore in the June quarter. The company had a profit of 283.5 crores in the same quarter a year ago. The company is getting the benefit of the tariff hike.
Also Read – Stock Market Update Today: Today’s Top Gainers
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER.
