Business News Desk, On the first trading day of the week, global markets are giving good signals. Most of the Asian markets are looking strong. GIFT Nifty is trading sluggishly. On Friday, there was a good rise in the US markets. The rise in the US market is continuing for the fourth consecutive month. NASDAQ is up by more than 1%. Whereas S&P is up for the fourth consecutive week. Meanwhile, China’s manufacturing PMI has reached its lowest level in 6 months. Here, America’s 30-year bond yield is seen at 4.20% while 10-year yield is seen at 3.91%, 5-year at 3.71%.
Crude oil on the decline?
The price of crude has fallen by more than 3% in a day. Brent has slipped below $77 while WTI is also trading below $74. The market expects supply to increase from October. OPEC+ countries can increase the supply of crude. Here, pressure also remains due to weak demand from China.
FIIs – DIIs statistics
Foreign institutional investors bought shares worth Rs 5,318 crore in the cash market on Friday. Whereas, on this day, domestic institutional investors sold shares worth Rs 3,198 crore in the cash market. FIIs have bought shares worth Rs 9,217 crore net in the last one week. At the same time, domestic institutional investors bought shares worth Rs 1,197.42 crore in the cash market last week. FPIs have been buying continuously for three months. However, some slowdown has been seen in this buying during the month of August.
Asian Markets
Meanwhile, mixed trading is being seen in the Asian markets today. GIFT Nifty is showing a marginal increase of 9.00 points. At the same time, Nikkei is seen around 38,723.34 with a gain of about 0.20 percent. At the same time, Strait Times is showing a gain of 0.51 percent. Taiwan market is trading at 22,283.25, up 0.07 percent. While Hang Seng is seen at 17,749.34 with a decline of 1.31 percent. At the same time, flat trading is happening in KOSPI. At the same time, Shanghai Composite is seen at 2,828.48 with a decline of 0.48 percent.
