Since the beginning of the week, there has been a boom in global markets. Today, on Tuesday, the weekly end of the Nifty began with a strong start. The Nifty is trading above 25,100. Talking about triggers, new heights are being touched in precious metals and other markets in the US and Asian markets. India saw a good boom yesterday. Today, before the market opens, there is a little weakness in the gift Nifty. Internationally, the ongoing shutdown and funding bill dispute in the US may affect the market move. There is a mixed trend in Asian markets. The gift Nifty is trading close to 25,150. Dow futures are about 80 points. Meanwhile, Japan’s Nikkei has jumped 400 points to reach its all -time high level.
Major trigger for the market today
Gold and silver at all -time highest level
Dow Jones Industrial Average Broken, Nasdaq and S&P closed at new levels
Shutdown continues in America for 6 days, funding bill rejected again
FII: Pure seller of ₹ 2183 crore from 29 days, DII buyer
2 big IPOs: Tata Capital and LG Electronics
Fabtech, Glotis will be listed today
Record closing in US markets
The US stock markets once again touched the new height. Nasdaq and Russell 2000 achieved all -time highest levels in Intrade and closed at record levels. S&P 500 closed on record closing high for the seventh consecutive day. However, Dow Jones Industrial Average broke its six -day boom and closed down by 60 points. Strong tech and small-cap stocks supported the market, while the shutdown crisis created some concerns.
Shutdown crisis continues in America
The government shutdown crisis in America is deepening. Six days have passed, but no solution has been found. The Finance Bill was rejected in the fifth polling in the Senate. This political deadlock may affect the US dollar and bond reward.
FII-DII action
Foreign investors are continuing selling in Indian markets. Despite yesterday’s great boom, FIIs sold a small amount of ₹ 314 crore in the cash market. The total net sales including derivatives and other sections were ₹ 2,183 crore. Meanwhile, domestic institutional investors (DIIs) are constantly purchasing – have invested a significant amount of ₹ 5,000 crore in the market on the 29th day.
Gold and silver at new heights
Precious metals in India’s commodity market have reached a record height. Silver reached a new all -time high level of ₹ 1,46,975. The price of silver has increased by ₹ 22,000 in the last 10 days. Silver prices have been recorded weekly for the seventh consecutive week, which is the first time in five years. Gold also closed at a record level of ₹ 1,18,100 with a gain of ₹ 550. In the international market, gold reached a new high of $ 3,950 an ounce, while silver reached a 14 -year high.
Fast in crude oil
Crude oil continues to strengthen. Brent crude has increased by about 1.5% to above ₹ 65. Its impact can be seen on energy shares today.
Today’s market trends
The speed in gold, silver and crude oil prices will affect commodity shares. The perception will remain positive due to the closure of US markets at record levels. The shutdown crisis and rejection of the funding bill can increase global instability. The market will be closely monitored due to selling by foreign institutional investors (FIIs). Domestic companies will determine quarterly updates and upcoming IPO regional activities.
