Stock Market: Despite the weakness in the global markets amidst the US-China trade war and increasing stress over the economic recession, the domestic equity benchmark index Sensex and Nifty are expected to open above 50 on Friday. Gift Nifty is reinforcing this hope as it is trading around 22,940.
This is a premium of about 460 points from the previous closed price of Nifty Futures, indicating an initial increase for the Indian stock market. The Indian stock market remained closed on Thursday due to Mahavir Jayanti 2025, but the developments in the global market on Thursday will affect the domestic market today.
Global signal for Sensex-Nifty
The Asian markets also declined after a sharp decline in the US stock markets on Friday. Japan’s Nikkei 225 declined by 5.46 percent, while the topics fell by 5.05 percent. South Korea’s Kospi fell 1.55 percent and Kosedack fell 0.11 percent. Hong Kong’s Hong Seng Index futures saw a decline.
Wall Street is in bad condition.
The US stock market declined drastically on Thursday. Dow Jones Industrial Average fell 1,014.79 points or 2.50 percent to 39,593.66, while S&P 500 fell 188.85 points or 3.46 percent to 5,268.05. Nasdaq Composite fell at 737.66 points or 4.31 percent to close at 16,387.31.
Gold prices increased.
Gold prices reached high levels due to the possibility of recession due to increased tax tension between the US and China. The spot gold rose by 1 percent to $ 3,205.53 an ounce. At the beginning of the session, the bullion price reached an all -time high of $ 3,217.43. US gold futures rose 1.5 percent to $ 3,226.50.
Crude oil
Crude oil prices declined on Friday after a fall of more than 3 percent in the last session. Brent crude oil fell 0.47 percent to $ 63.03 per barrel, while the American West Texas Intermediate (WTI) crude oil futures fell 0.60 percent to $ 59.71 per barrel.
Nifty’s storm will affect short sellers
If the Nifty starts trading with a huge lead on Friday, this storm of Nifty will shock many short sellers. As soon as the Nifty started falling below 22500, there was a slowdown in the market and a large number of short positions in the Nifty. But now the situation has changed. Looking at the Nifty option series, there are a large number of call writers on strike values of 22500 and 22400, who will have no option but to close their positions with a gap up opening vine on Friday. On Friday, such a big gap up in the Nifty can be an opening that short sellers will be shocked by this storm.
The post stock market: earthquake in America and Asian markets; Sensex will affect Nifty, how will the condition of Indian stock market be? First appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
