Global Market Update: US stocks bounced between gains and losses on Monday, as the yield on the two-year Treasury note plunged into its biggest one-day slump in decades, while tech stocks tumbled last week as the collapse of a Silicon Valley bank There was a rebound. trading desk. However, trading in several bank stocks in the US markets was halted in the morning session on Monday. After falling below 106 levels in last three sessions, US dollar rates saw some pull back rally in morning deals on Tuesday, but bond yields extended their rally in morning deals.
Here we list down the important triggers that can guide indian stock market Today:
american stock market
US stocks closed mixed on Monday in volatile trade, but fears of a collapse of Silicon Valley Bank (SVB) weighed on bank stocks. banking system, On Monday, the Dow Jones rose 0.28 percent, the S&P 500 index 0.15 percent and the Nasdaq index 0.45 percent.
Trading in over 30 bank stocks was halted in the morning session on Monday after share prices of those banking stocks declined. Trading was halted in shares of Silicon Valley bank peers Signature Bank, First Republic Bank, PacWest Bank and many others, according to reports.
“US stocks bounced between gains and losses on Monday, as the yield on the two-year Treasury note fell in its biggest one-day slump in decades, while tech stocks rallied last week as the collapse of a Silicon Valley bank had bounced back from declines. Across trading desks. Markets rallied sharply in the direction of volatility fed policy, Mark Despallieres, chief strategy and trading officer at Vantage, said swap traders are now pricing in less than 60% of the likelihood of another quarter-percentage-point hike by the Fed later this month.
US Dollar to INR
After falling from a three-month high, the US dollar rate saw some relief rally today as the dollar index rose 0.21 per cent to 103.433 level.
Speaking on US Dollar vs INR (Indian National Rupee), Anuj Chowdhary, Research Analyst at Sharekhan by BNP Paribas said, “We expect Rupee To avoid risk aversion in global markets and trade with a negative bias on fresh FII outflows. However, a weaker dollar and falling US treasury yields may cap a sharp fall in the rupee. Traders may be cautious ahead inflation data from India and America. If the banking crisis in the US is contained, we may see some improvement. USDINR spot price is expected to trade in a range from 81.50 82.80.”
sgx nifty today
SGX Nifty is trading flat in the morning session. After opening at 17,208, SGX Nifty saw profit-booking today and hit a low of 17,095. However, it soon saw buying interest and recovered its losses due to profit-booking in the morning.
“SGX smelly Today opened flat indicating a cautious opening on Dalal Street on Tuesday. The index is taking strong support near 17,000 level and any further increase is expected to increase selling pressure throughout the day.”
asian market today
In the morning session, the Japanese Nikkei was down 2 per cent, Hong Kong’s Hang Seng down 0.82 per cent, while South Korean KOSPI fell 1.90 per cent.
US bond yield
In the morning session, the US 10-year bond yield rose 1.33 per cent to 3.562, while the US 30-year bond yield advanced 0.84 per cent to 3.698.
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