Share Market Today: Mixed start in the stock market today, fluctuations continue amid global cues

Indian Share Market Update Today: The beginning of trading in the Indian stock market this morning was quite dull and mixed. The impact of the huge fall in Wall Street and mixed signals from Asian markets is clearly visible on our domestic market. Foreign investors have created huge selling pressure in the market. For this reason, common investors have been strongly advised to be very cautious before taking any new steps in the market.

Market experts believe that the ongoing important peace talks between America and Iran also have a positive impact on the market. There is great hope after the Republican controlled US Senate voted to end military involvement in Iran. Apart from this, the news of the historic India-US trade agreement being very close has also changed the perception. Due to all these global reasons, there is a lot of uncertainty in our Indian market today.

Latest status of Sensex and Nifty

This morning, BSE’s 30-share index Sensex opened with a rise of 29 points at the level of 76229. On the other hand, NSE’s 50-share benchmark index Nifty opened 28 points down at 23795. Earlier on Tuesday, heavy selling pressure was seen in the domestic stock markets. In the last session, BSE Sensex fell 893 points to 76,200 and NSE Nifty fell 278 points to close at 23,824.

Condition of Asian markets and tech stocks

Asian markets witnessed mixed and mixed performance on Wednesday after a recovery in technology stocks. Japan’s Nikkei 225 index fell 0.52% and the Topix index lost 0.41%. South Korea’s Kospi rose a massive 10% while US tech stocks fell sharply. In the US, shares of Nvidia fell by 4.15%, AMD by 5.76%, Intel by 6.14% and Micron Technology by 13.18%.

Crude Oil Prices and Gift Nifty

Crude oil prices continued to fall today as an increasing number of tankers transited the Strait of Hormuz. The price of Brent crude oil has fallen by 0.99% to a very important level of $ 76.32 per barrel. Whereas US West Texas Intermediate (WTI) crude has fallen by 1.05% to the important level of $ 72.44. In the morning, GIFT Nifty was trading around the level of 23,861.5 which was a significant premium of 9 points.

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India-US trade and Trump’s announcement

On the trade front, Washington is very close to finalizing a landmark trade deal with India. US Deputy Assistant Secretary Bethany Paulos Morrison has described the prospects of this important deal as positive for the market. US President Donald Trump said Iran’s volatile assets would only be used for food and medicine. Due to all these international and diplomatic reasons, a new hope has arisen among the investors of the Indian market.