Today the Indian stock market opened with gains. After falling 561 points yesterday, Sensex opened 137 points higher at 77,192 in early trade. Similarly, Nifty opened 33 points higher at 24,085.
**Asian Market**
Today on Wednesday, Asian markets opened with gains and saw good momentum in early trading. Japan’s benchmark 225 index rose 0.6%, while the TOPIX gained 0.53%. South Korea’s KOSPI gained a strong 6.5% and the small-cap KOSDAQ gained 4.9%. Hong Kong’s Hang Seng was also positive and rose 0.52% to 24,340.73. In the US, core retail inflation (CPI) for June fell to 3.5%, well below estimates of 3.8%. This decline has significantly reduced the chances of the Federal Reserve raising interest rates in July, which has increased investor confidence.
**US market**
Strong recovery and momentum is also being seen in the American stock markets on Wednesday. US stock futures linked to major benchmarks are trading with gains today. Dow Jones Industrial Average futures were up 13 points (0.02%), while S&P 500 futures and Nasdaq 100 futures rose 0.11% and 0.37%, respectively. The market mood improved after weaker-than-expected US retail inflation (CPI) data in June led to a rise in tech and semiconductor stocks on expectations of no interest rate hike. However, a historic 25% decline in shares of major IBM limited the Dow Jones’ overall gains.
crude oil
Today, crude oil prices increased for the third consecutive day. Brent crude rose 1.72% to $86.19 a barrel, while West Texas Intermediate (WTI) crude rose 1.40% to $80.40 a barrel. Uncertainty returned to the market after US President Donald Trump announced a naval blockade of Iranian ports.
us dollar
Currently, the US dollar is trading around ₹96.09. Today the dollar index is trading at 100.87, down 0.07%. 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 14, the Indian rupee fell 0.60% against the dollar to close at 96.20.
