How will Tuesday be for the domestic stock market? Will there be an uproar today like Monday or will the splendor return? If global signals are to be believed, Sensex and Nifty 50 are expected to open on a cautious note today. Because, Asian markets witnessed mixed trading, while US stock markets closed at all-time highs with S&P 500 and Dow Jones.
Indian stock market’s key indices Sensex-Nifty closed down more than one per cent each on Monday amid weak global cues. The Sensex closed at 84,299.78, down 1,272.07 points or 1.49 per cent, while the Nifty 50 closed at 25,810.85, down 368.10 points or 1.41 per cent.
Mixed trend in Asian markets
There was a mixed trend in Asian markets on Monday after the comments of US Federal Reserve Chairman Jerome Powell. Japan’s Nikkei 225 rose 1.07 percent after falling 4.8 percent in the previous session, while Topix rose 0.88 percent. The markets of South Korea and Hong Kong are closed.
Gift Nifty Hints: GIFT Nifty was trading around 26,000 levels, a premium of almost 10 points from the previous close of Nifty futures, indicating a flat start for the Indian stock market.
Rock in Wall Street: The US stock market closed at a high level on Monday after the record performance of S&P 500 and Dow Jones. The Dow Jones Industrial Average rose 17.15 points, or 0.04 percent, to 42,330.15, while the S&P 500 rose 24.31 points, or 0.42 percent, to 5,762.48. The Nasdaq Composite closed 69.58 points, or 0.38 percent, higher at 18,189.17.
