Global Markets: SGX Nifty to US Dollar – Major triggers for Indian stock market today

Here we list the major global market triggers that can guide indian stock market Today:

american stock market

On Wall Street, all three major benchmark indices ended in the red on Friday. The Dow Jones Industrial Average fell 0.42 per cent, the S&P 500 fell 0.21 per cent while tech heavyweight Nasdaq was down 0.35 per cent.

“Global markets are expected to remain volatile due to rise in US dollar rates, but key cues are expected to come from Dow Jones Index which has been placed at 33,850 as immediate support, while key support at 33,500. As such, the Dow Jones is facing an immediate hurdle. The 34,400 level while 34,750 is the major hurdle for the index as seen on the chart pattern.” IIFL Securities,

us dollar price

After bouncing off a one-year low, the US dollar continued to attract interest from currency market bulls during morning deals on Monday. In the morning session, the dollar index rose 0.16 per cent to 101.450.

On the reason for the rise in the US dollar rate, market expert Sugandha Sachdeva said, “It was basically an aggressive comment from one of the US Fed officials which supported the strength in the greenback across the board.”

Anuj Gupta of IIFL Securities predicted, “US dollar is expected to remain sell on the rising asset. Dollar index immediate support is placed at 100 level and on breaking this level we can take the index towards 98 and 96 levels respectively.” Can expect to go below.” ,

SGX Nifty opened today at 17,813 and went as low as 17,780, down about 0.50 per cent from its previous close, due to a rise in the US dollar rate.

What SGX Nifty Suggests Open, Anuj Gupta said, “SGX Nifty opened lower in Asian market today in morning deals led by rise in US Dollar price, suggesting weak opening on Dalal Street.”

asian stock market

In the morning session, Japanese Nikkei lost 0.11 per cent, Shanghai index 0.57 per cent, Hong Kong’s Hang Seng 0.25 per cent, while South Korean KOSPI declined 0.14 per cent.

crude oil price

Oil prices were marginally lower in Monday’s morning deals as Brent crude dropped nearly 0.4 per cent to trade at $86.25 per barrel. wti crude Oil price up 0.1 percent to $82.36 per barrel.

US bond yield

In the morning session, the US 10-year bond yield fell 0.32 per cent to 3.511, while the US 30-year bond yield fell 0.08 per cent to 3.734.

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint. We advise investors to do due diligence with certified experts before making any investment decision.