{"id":5164,"date":"2023-12-27T12:15:38","date_gmt":"2023-12-27T06:45:38","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=5164"},"modified":"2024-09-03T09:50:07","modified_gmt":"2024-09-03T04:20:07","slug":"indian-stock-market-and-global-cues","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/indian-stock-market-and-global-cues\/","title":{"rendered":"Indian Stock Market and Global Cues"},"content":{"rendered":"
\r\n

Indian Stock Market and Global Cues<\/h1>\r\n

India’s current account deficit narrows to 1% of GDP in July-September: RBI\u00a0\u00a0\u00a0<\/h4>\r\n

Dollar at 5-month low:<\/h4>\r\n

India\u2019s CAD narrows:<\/h4>\r\n

Crude oil prices up :<\/h4>\r\n

Indian stock market: Asian markets traded higher while the US shares gained overnight as investors\u2019 sentiment remained upbeat on cooling inflation and rising bets of lower interest rates. The dollar sank near a five-month low.<\/strong><\/p>\r\n

Indian stock market: Gift Nifty was trading around 21,542 level as compared to Nifty futures\u2019 previous close of 21,499, indicating a positive start for the Indian benchmark indices.\u00a0<\/strong><\/p>\r\n

Indian stock market: The domestic equity market indices are expected to open higher on Wednesday tracking positive cues from global peers.<\/strong><\/p>\r\n

Asian markets traded higher while the US shares gained overnight as investors\u2019 sentiment remained upbeat on cooling inflation and rising bets of lower interest rates. The dollar sank near a five-month low.<\/strong><\/p>\r\n

Catch Live Market Updates here<\/strong><\/h5>\r\n

On Tuesday, the domestic benchmark indices ended in the positive territory for the third session on the trot as the risk appetite improved after the US inflation data registered a decline for the first time in over three years.<\/strong><\/p>\r\n

The\u00a0Sensex\u00a0gained 229.84 points, or 0.32%, to close at 71,336.80, while the Nifty 50 settled 91.95 points, or 0.43%, higher at 21,441.35.<\/strong><\/p>\r\n

\u201cWe expect markets to be in a range with a positive bias and end the year on a positive note. While there is a lack of significant triggers and in the absence of any major events due holiday season. Stock-specific movement and series of new listings would keep the investors in action,” said the analyst.<\/strong><\/p>\r\n

Here are key domestic and global market cues for Sensex today:<\/strong><\/p>\r\n

Asian Markets<\/h4>\r\n

Asian markets traded higher on Wednesday following overnight gains on Wall Street amid optimism over lower interest rates going forward amid cooling inflation.<\/strong><\/p>\r\n

Japan\u2019s Nikkei 225 gained 1% and the Topix index rose 0.68%. South Korea\u2019s Kospi added 0.3%, while Kosdaq jumped 1.33%. Hong Kong\u2019s Hang Seng index futures pointed to a higher open.<\/strong><\/p>\r\n

Gift Nifty<\/h4>\r\n

Gift Nifty was trading around 21,542 level as compared to Nifty futures\u2019 previous close of 21,499, indicating a positive start for the Indian benchmark indices.<\/strong><\/p>\r\n

US Stock Market<\/h4>\r\n

The\u00a0US stock market extended its rally on Tuesday led by megacap stocks and chip shares, with the S&P 500 touching its highest intraday level since January 2022. All three indices are on track for monthly, quarterly and annual gains.<\/strong><\/p>\r\n

The Dow Jones Industrial Average gained 159.36 points, or 0.43%, to 37,545.33, while the S&P 500 rose 20.12 points, or 0.42%, to 4,774.75. The Nasdaq Composite ended 81.60 points, or 0.54%, higher at 15,074.57.<\/strong><\/p>\r\n

Among stocks, Manchester United shares rose 3.4%, Gracell Biotechnologies share price jumped 60.3%, while Intel Corp shares rallied 5.2%.<\/strong><\/p>\r\n

US House Price Index<\/h4>\r\n

Annual home prices in the US rose again in October pointing toward continued recovery of the housing market. A Federal Housing Finance Agency (FHFA) report showed home prices grew 6.3% yearly, up from a revised 6.2% the month prior. Prices increased moderately by 0.3% on a month-to-month basis after climbing by 0.7% the month before, Reuters reported.<\/strong><\/p>\r\n

Dollar at 5-month low<\/h4>\r\n

The US dollar lingered near a five-month low amid rising bets that cooling inflation will lead the US Federal Reserve to cut interest rates next year.<\/strong><\/p>\r\n

The US dollar index slipped 0.17% to 101.47, a hair\u2019s breadth from a five-month low of 101.42 struck on Friday. The yield on 10-year Treasury notes was down a touch at 3.895%, while the two-year US Treasury yield was up 1.8 basis points at 4.3584%.<\/strong><\/p>\r\n

India\u2019s CAD narrows<\/h4>\r\n

India\u2019s current account deficit (CAD) declined to 1% of gross domestic product (GDP) in the second quarter, down from 1.1% in the preceding quarter, and 3.8% a year ago. The CAD decreased to $8.3 billion in the September quarter of FY24 against a deficit of $9.2 billion in the preceding three months.<\/strong><\/p>\r\n

Crude oil prices<\/h4>\r\n

Crude\u00a0oil prices\u00a0traded higher, holding its largest gain in more than a week, as tensions in the Middle East escalated after a fresh attack on shipping in the Red Sea. West Texas Intermediate traded above $75 a barrel after rising by 2.7% on Tuesday, with global benchmark Brent near $81 a barrel.<\/strong><\/p>\r\n<\/div>\r\n

\u00a0<\/div>\r\n
Click to open an Account<\/strong>\u00a0:\u00a0https:\/\/ekyc.gwcindia.in\/client\/<\/a><\/div>\r\n
For all your investment needs feel free to reach us.<\/strong>\r\n
\r\n
\r\n\r\nGive us Missed Call us on 90037 90027 . For Support : 044-40329999<\/strong><\/div>\r\n<\/div>\r\n<\/div>","protected":false},"excerpt":{"rendered":"

Indian Stock Market and Global Cues India’s current account deficit narrows to 1% of GDP in July-September: RBI\u00a0\u00a0\u00a0 Dollar at 5-month low: India\u2019s CAD narrows: Crude oil prices up : Indian stock market: Asian markets traded higher while the US shares gained overnight as investors\u2019 sentiment remained upbeat on cooling inflation and rising bets of […]<\/p>\n","protected":false},"author":6,"featured_media":3181,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"image","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-5164","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-market-overview","post_format-post-format-image"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/5164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/comments?post=5164"}],"version-history":[{"count":3,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/5164\/revisions"}],"predecessor-version":[{"id":9415,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/5164\/revisions\/9415"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/media\/3181"}],"wp:attachment":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/media?parent=5164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=5164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=5164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}