Share Market Live Updates 11 Sep: Due to mixed signals from the global market, the benchmark indices of the domestic stock market Sensex and Nifty-50 are expected to open with a cautious trend on Wednesday. Because, Asian markets traded in the red, while the US stock market closed with a mixed trend due to economic concerns. Let’s understand what the global signals are saying for the stock market today…
Asian Market: Asian markets traded lower on Wednesday ahead of US inflation data. Japan’s Nikkei 225 fell 0.7 percent and the Topix fell 0.86 percent. South Korea’s Kospi fell 0.20 percent, while the Kosdaq rose 1.61 percent. Hong Kong Hang Seng index futures indicated a lower opening.
GIFT Nifty: GIFT Nifty was trading around 25,087 levels, around 10 points lower than the previous close of Nifty futures. This indicates a flat-to-negative opening for the Indian stock market indices.
Wall Street: US stock markets closed mixed on Tuesday with banking and energy stocks selling off. The Dow Jones Industrial Average fell 92.63 points or 0.23 percent to 40,736.96, while the S&P 500 rose 24.47 points or 0.45 percent to close at 5,495.52. The Nasdaq Composite managed to close at 17,025.88, up 141.28 points or 0.84 percent.
Crude oil prices: Crude oil prices stabilized after sliding to their lowest level in three years. Brent crude futures rose 0.52 per cent to $69.55 a barrel after sliding more than 3 per cent on Tuesday, while US West Texas Intermediate crude rose 0.61 per cent to $66.15 a barrel.
Sensex and Nifty rose on the second day as well
The domestic stock market closed with gains for the second consecutive day on Tuesday. Sensex rose by 362 points and Nifty by 105 points. There was a bullish sentiment in the stock markets due to buying in IT, telecom and select banking stocks. Sensex closed at 81,921.29 points, up 361.75 points.
