In today’s trading, there is a mixed trend in major Asian markets, then there is flat trading in stock futures after inflation data.
Stock Market Update Today: Indications for the domestic stock market are seen mixed. In today’s trading, there is a mixed trend in major Asian markets, then there is flat trading in stock futures after inflation data. Earlier on Tuesday, the US markets closed with a fall. On Tuesday, there was a weakness of 88 points in Dow Jones and it closed at the level of 34,220.36. The NASDAQ Composite saw a decline of 40 points and closed at the level of 13,371.57. While the S&P 500 index closed down 0.34 per cent at 4,397.45. Consumer prices have risen 8.5 per cent year-on-year in March. This is more than expected and is the highest since 1981. The 10-year bond yield in the US stands at 2.72 per cent, which is a multi-year high. The price of Brent crude has increased and is trading near $105 per barrel.
Talking about Asian markets, flat trading is being seen in SGX Nifty. Nikkei 225 is seeing an increase of 1.54 percent and Straight Times is seeing a gain of 0.64 percent. in hangsheng
0.33 percent weakness. Taiwan Weighted is up by 1.17 percent, while Kospi has also gained 0.95 percent. The Shanghai Composite is seeing a decline of 0.57 percent.