The domestic stock market opened in green mark on Thursday, February 27 amid positive perception in global markets. Talking about the situation at 9.30 am, the Sensex opened with a gain of +11.71 points to 74,613.83 points, while the Nifty +7.60 points up to 22,555.15 points. Apart from this, the attitude of foreign investors (FIIs), US President Donald Trump’s threat to put 25 percent tariff on EU and signals from global markets will determine the direction of the Indian stock market today.
What was the market situation on Tuesday?
Significantly, on Tuesday, the Sensex ended the five -day decline and closed at 74602.12, with a gain of 147.91 points or 0.20 percent. However, the Nifty fell 0.03 per cent to close at 22,547.55. Meanwhile, the local stock market remained closed on the occasion of Mahashivaratri on Wednesday.
What is the status of global markets?
Most of the Asian markets were in the lead on Thursday after a positive lead in major American indices. The ASX 200 increased by 0.38 percent, while Japan’s Nikkei index rose 0.54 percent and Topics 0.66 percent. Meanwhile, Kospi was trading below 0.6 percent.
In the US, S&P managed to register a slight growth and closed at 5,956.06 after a four -day fall. However, Dow Jones Industrial Average closed at 43,433.12 with a decline of 188.04 points or 0.43 per cent, while earlier it had increased by about 245 points. Meanwhile, Nasdaq Composite rose 0.26 percent to close at 19,075.26.
