Global Markets: SGX Nifty to US Fed rate hike – key trigger for stock market today

Here we list the important global market Triggers that can affect Indian stock market today,

american stock market

Two of Wall Street’s three major benchmark indices ended with losses on Wednesday amid a slide in global market sentiment on speculations of a rate hike by the US Fed. The Dow Jones lost 0.23 percent, the S&P 500 index lost 0.01 percent and the Nasdaq lost 0.03 percent.

Deepak Jasani, Head of Retail Research, on the reasons behind the volatile global cues HDFC “Global stocks declined in cautious trade on Wednesday as concerns over the US banking sector raised hopes of an imminent peak in the Federal Reserve’s interest rate cycle,” Securities said. Sentiment remained muted ahead of the release of the Fed’s beige book, which economic outlook in the US. A firmer inflation print in the UK brought price pressures back to the fore.”

us dollar price

During morning deals on Thursday, the US dollar was flat as the dollar index remained above the 101 level after hitting a one-year low of 100.80.

On INR vs USD, Anuj Chowdhary, Research Analyst, Sharekhan at BNP Paribas said, “We expect Indian Rupee to trade with negative bias on risk aversion in global markets and recovery in greenback. If we see further FII outflows , so mote it be.” Put negative pressure on the rupee. However, softening crude oil prices may cap a sharp fall in the domestic currency. The USDINR spot price is expected to trade in a range. from 81.70 82.80 in the near term.

Choppy trading signal in morning deals, SGX Nifty opened higher and hit a high of 17,707 points. However, profit-booking soon started and the index fell to a low of 17,624. Since then, the index has been trading within this small range.

asian stock market today

In this morning session, Japanese Nikkei closed up 0.11 per cent, Shanghai index 0.29 per cent, Hong Kong’s Hang Seng 0.19 per cent while South Korean KOSPI closed up 0.50 per cent.

crude oil price

In the morning session in Asian stock markets, crude oil slipped below $80 per barrel, down about 0.30 per cent from its previous close. wti crude The oil price is currently around $78.75 per barrel while the Brent crude oil price is $82.62 per barrel.

US bond yield

In Asian stock markets at the opening bell, the US 10-year bond yield fell 0.15 per cent to 3.597, while the US 30-year bond yield rose 0.03 per cent to 3.790.

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