There are mixed signals for the market from Business News Desk, Global Market. There is a pressure of 40 points on Gift Nifty. In Asia, Nikkei is weaker by more than half percent. However, US markets closed strong yesterday. There was a rise of 330 points in Dow. Meanwhile, Bajaj Auto’s results in the second quarter were as per estimates. Profit: There are mixed signals for the market from the global market. Gift Nifty is seeing recovery from lower levels. In Asia, Nikkei is weaker by more than half percent. However, US markets closed strong yesterday. There was a rise of 330 points in Dow. Russell 2000 reached its highest level in 3 years. Morgan Stanley has increased the rating of small cap. Smallcaps have a rating of “Neutral” compared to largecaps.
Due to Dow’s rise
Morgan Stanley shares rose 6.5% on good Q3 results while United Airlines shares rose 12%. Whereas big tech companies had a weak performance. ASML shares closed down 5% yesterday.
Goldman Sachs on the S&P500
Goldman Sachs said that the S&P500 index is expected to reach 6000 by the end of the year. The historical average from October 17 to December 31 may be 5.17%. The index rises more in election years. There was a rise of 7% from October 17 to December 31 in the election year.
Druckenmiller on the US market
Presidential elections will be held in America next month. Big American investor Stanley Freeman Druckenmiller said that the market expects Donald Trump’s victory in the elections. There are bullish signs of bank shares and crypto.
Why did Novavax fall?
The American regulator has banned the experimental vaccine, after which the company’s shares fell 19% yesterday. The American regulator has banned the trial of experimental vaccines. Regulators have banned standalone influenza shots. The combination vaccine of influenza and Covid has also been banned. The investigation has been halted after a volunteer fell seriously ill.
Asian market
Meanwhile, mixed business is being seen in Asian markets today. GIFT NIFTY is showing a gain of 42.00 points. At the same time, Nikkei is seen falling by about 0.60 percent at around 38,944.93. At the same time, it is showing a growth of 0.94 percent in Strait Times. Taiwan’s market is trading at 23,014.04, up 0.01 percent. Whereas Hang Seng is seen with a gain of 0.94 percent at the level of 20,440.27. At the same time, Kospi is trading with a rise of 0.8 percent. At the same time, Shanghai Composite is showing a rise of 0.13 percent at the level of 3,207.02.
Has increased by more than 9 percent.
