Today Indian stock markets opened with weakness. BSE’s 30-share Sensex is trading 181 points lower at 76,912.68, while NSE’s Nifty is down 47.60 points at 24,055.30.
**Asian Market**
Today, mixed signals are being seen in Asian markets. Investors are exercising caution amid a decline in the US technology sector and fears that the Federal Reserve will raise interest rates. Meanwhile, Japan’s Nikkei 225 index is trading 0.9% lower at 71,681.29. South Korea’s Kospi index saw the biggest decline, falling 2.8% to 8,863.52. It is trading at a low of 8,863.52 due to weakness in major tech stocks like Samsung and SK Hynix. Hong Kong’s Hang Seng is also trading down 0.4%. However, Australia’s S&P/ASX 200 index is trading at 8,822.10, up a marginal 0.1%.
**US Market**
A mixed trend was also seen in the US stock market during yesterday’s (June 22) trading session. On the one hand, Nasdaq fell 1.32% to close at 26,166.60 due to a sharp decline in the shares of Elon Musk’s SpaceX and other tech and AI companies. On the other hand, Dow Jones managed to rise 0.29% to close at 51,712.71 due to strength in industrial and healthcare sector shares. Meanwhile, the S&P 500 index fell 0.37% to 7,472.79.
crude oil
Yesterday, June 22, crude oil prices fell by more than 3% amid peace talks between the US and Iran. However, today there is a slight recovery in prices in the international commodity market. Brent crude is trading 0.38% higher at $78.15 a barrel, while West Texas Intermediate (WTI) crude is up 0.46% at $74.19 a barrel.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against six foreign currencies, rose 0.029% to trade at 101.02 – its highest level in 13 months. At the same time, the value of 1 US dollar is currently around Rs 94.69. On Monday, the Indian rupee fell 34 paise to close at 94.67 due to strengthening of the dollar in foreign markets.
