Despite tensions across the world, the Indian stock market opened with gains today. BSE’s 30-share benchmark Sensex opened 72 points higher at 76,571, while Nifty 50 opened 46 points higher at 23,928. A huge fall was seen in the stock market yesterday; Sensex fell 1,677 points to close at 76,503.60, while Nifty fell 516.65 points to 23,882.05. Today, the country’s largest IT company, TCS, is going to announce the results of the first quarter of FY 2027, which is likely to impact the entire IT sector.
Asian market
Despite geopolitical tensions, Asian markets are seeing a strong recovery today. In morning trading, South Korea’s KOSPI rose 3.8%, a strong comeback after a sharp decline in the previous session. Japan’s benchmark Nikkei 225 is also trading up 2.3%, while the TOPIX is up 0.44%. The small-cap KOSDAQ index is also up 4.23%. China’s benchmark Shanghai Composite Index opened with a gain of 0.17%. After the spectacular listing of chipmaker SK Hynix, investor interest in the tech sector has increased again, which has boosted the market.
US market
US stock markets closed with losses yesterday. The Dow Jones Industrial Average fell 576.76 points (or 1.09%) to 52,348.39. The S&P 500 fell 0.28% to 7,482.71. In contrast, the Nasdaq Composite rose 0.2% to 25,870.65. Wall Street was up nicely yesterday, with Broadcom up nearly 5% and tech giant Nvidia up 3.65%. This helped the Nasdaq index to remain in the positive zone. Today (Thursday) selling pressure has increased in the market due to increased tension between America and Iran and increase in oil prices. As a result, US stock futures linked to major benchmarks are trading down. S&P 500 futures are showing modest losses, while Dow Jones Industrial Average futures are trading down 28 points, or less than 0.1%. However, Nasdaq 100 futures are trading up 0.3%.
crude oil prices
Crude oil prices rose by up to 7% overnight after US President Donald Trump announced his withdrawal from the Iran peace deal. Today, West Texas Intermediate (WTI) crude futures are trading 0.92% higher at $74.17 per barrel. Meanwhile, Brent crude futures for August delivery closed 0.91% higher at $78.73, above the important psychological level of $75. On COMEX, crude oil prices rose 1.12% to $74.34 a barrel.
us dollar
Today, the US dollar is trading at 95.61, indicating its strong position in the international markets. Amid the escalating military crisis between the US and Iran and rising crude oil prices, the dollar is emerging as a ‘safe haven’ for investors, increasing its demand. Yesterday (Wednesday), the rupee fell 59 paise to close at 95.55 against the dollar.
