There is a lot of concern in the market due to the increasing military tension between America and Iran and the ‘red alert’ like situation in the Middle East. As a result, Indian stock markets opened with losses today. The 30-share BSE Sensex opened 606.04 points lower at 76,963.35. Similarly, Nifty opened 167 points lower at 24,039. The biggest decline is seen in shares of Trent Limited today, which are down more than 12%; After the weak results of the first quarter, investors have increased selling.
Asian market
Today a huge decline and selling pressure is being seen in Asian markets. The increasing tension between America and Iran and the rise in crude oil prices have affected the sentiments of investors. Japan’s benchmark Nikkei 225 fell 0.70%, while the Topix rose 0.02%. South Korea’s Kospi rose 1.80% and the small-cap Kosdaq rose 0.79%. Hong Kong’s Hang Seng index futures fell to 24,238, down from 24,175.12.
wall Street
US stock futures linked to benchmark indices were trading lower on Monday after Iran’s strong retaliation against the US. Dow Jones Industrial Average futures were down 135 points, or 0.3%. S&P 500 futures also fell 0.3%, while Nasdaq-100 futures were trading down 0.5%. In the last trading session (July 10), the markets closed on a strong note. Meanwhile, the S&P 500 index closed 0.42% higher at 7,575.39. Nasdaq Composite also managed to close at 26,281.61 with a gain of 0.29%. The Dow Jones Industrial Average gained 149.60 points, or 0.29%, at 52,637.01.
**Jump in crude oil prices**
Today, crude oil prices increased by more than 4.4% in the international commodity market. Brent crude rose 4.41% to $79.36 per barrel and is fast moving towards the $80 level. Similarly, West Texas Intermediate (WTI) crude rose 4.43% to $74.57 per barrel. A huge rise in crude oil prices is also being seen in the domestic futures market; During the early session, it was trading as high as Rs 6,991 per barrel, indicating a gain of about ₹177.
**US Dollar**
Today, the US Dollar Index (DXY) is up 0.18% to trade at 101.13. This index measures the strength or weakness of the dollar against currencies such as the British pound, euro, Swedish krona, Japanese yen and Swiss franc. On July 10, the rupee fell 0.07% to 95.32 against the dollar.
