Indian stock market: Gift Nifty was trading around 25,040 level, a premium of nearly 46 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices.Indian stock market: The domestic equity market indices, Sensex and Nifty 50, are expected to open higher on Tuesday following gains in global markets. Asian markets traded higher, while the US stock market rebounded overnight with the benchmark indices rallying over 1% each.
Due to heavyweight purchases, the Indian stock market indices rose on Monday and finished the day higher. The Nifty 50 closed 84.25 points, or 0.34%, higher at 24,936.40, while the Sensex increased 375.61 points, or 0.46%, to close at 81,559.54.
“Domestic equities have demonstrated resilience at every decline and have recovered by about 200 points from lower levels, despite global volatility.” Retail participation and robust macros lend support to this. All things considered, we anticipate that the market will continue to consolidate while gradually rising. Investors will be on edge due to upcoming policy discussions in the US and Europe, according to Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd.
Tuesday’s trading on Asian markets was positive both ahead of regional trade statistics and after Wall Street’s overnight recovery.
The Topix increased by 0.65% and the Nikkei 225 of Japan gained 0.52%. The Kosdaq rose 0.18% and the Kospi index in South Korea added 0.17%. Futures for the Hong Kong Hang Seng index pointed to a stronger opening.Gift Nifty was trading at 25,040, which was a premium of around 46 points over the previous close of the Nifty futures. This suggests that the Indian stock market indices are off to a good start.
In a brief covering bounce, the US stock market finished Monday higher following a sharp decline the previous week.
Apple held their Glow Time event on Monday, showcasing a number of new features and devices. The tech giant unveiled several intriguing changes for iOS 18 along with its most recent innovations, which included the AI-enhanced iPhone 16 series, the revised Apple Watch Ultra 2, the Apple Watch Series 10, and a redesigned AirPods portfolio.
Tuesday’s early trading saw little change in the price of crude oil. US West Texas Intermediate crude futures increased by 0.15% to $68.81 a barrel, while Brent crude futures increased by 0.19% to $71.98 a barrel. When the markets closed on Monday, both benchmarks had gained about 1%.
Prior to US inflation statistics that could provide clues about a potential interest rate cut by the US Federal Reserve this month, gold prices remained steady. US gold futures increased by 0.1% to $2,533.70, while spot gold remained unchanged at $2,504.98 per ounce.
About US Inflation on Stock
Afghanistan’s final recognized batsman, Mohammad Nabi, was quieted by South Africa and ought to have been out for five after he mishandled an arm ball from Bjorn Fortuin. Though they didn’t review, a replay revealed he would have been out of bounds. In the subsequent over, Fortuin regained his revenge when Nabi edged him to Verreynne and Bavuma successfully reviewed.
The rate at which money loses purchasing power over time is known as inflation. Money acts as a unit of account, a medium of exchange and as a store of value. The buying power of money as a store of value is totally reliant on price levels. With inflation, the value of every unit of money decreases.
People frequently prefer to hold wealth in other assets like stocks, bonds, and real estate instead of using money as a sole store of value. But before their riches can be traded for other products and services, these assets usually need to be turned into cash.
It is simple to observe how inflation is bad. For people on fixed incomes, the loss of real income—income assessed as a collection of goods and services rather than a nominal currency amount—is especially noticeable. Furthermore, until wages rise, inflation will eventually work to reduce this percentage of wealth because people must retain some in cash for transactions and unforeseen expenses.
Positively, however, steady inflation rates are associated with reduced unemployment (this may be due to increased demand for consumer products and services or because anticipated price increases encourage company investment).
Furthermore, many economists contend that the effectiveness of monetary policy depends on low inflation, specifically between 1% and 3%. Finally, since rising inflation lowers the real cost of borrowing, borrowers with fixed-interest rate loans stand to gain from inflation.
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