Six important things that happened yesterday in the Indian stock market
Indian stock market: Asian markets were mixed, and so were US markets overnight. The Nasdaq set a new record high by going over 17,000, which was the first time it had ever done that. The Asian m...
Indian stock market:
Asian markets were mixed, and so were US markets overnight. The Nasdaq set a new record high by going over 17,000, which was the first time it had ever done that. The Asian markets were mixed, and the US markets were mixed too. The Nasdaq set a new record high by going over 17,000 for the first time, which was a mixed end to the day. The benchmark equity indices of the Indian stock market finished lower on Tuesday, making it three sessions in a row that they have lost money. The Sensex fell 220.05 points, or 0.29%, to end the day at 75,170.45, and the Nifty 50 fell 44.30 points, or 0.19%, to end the day at 22,888.15.
Asian Stores
The Asian markets were mixed on Wednesday, following the same trend that started on Wall Street the night before.
The Nikkei 225 in Japan went up by 0.18% and the Topix stayed the same. The Kospi and Kosdaq in South Korea went down by 0.26% and 0.44%, respectively. Hong Kong's Hang Seng index futures pointed to a weaker start.
Give Nifty Today
Gift Nifty was trading at about 22,835 points, which is almost 90 points below the previous close of the Nifty futures. This shows that the Indian stock market indices got off to a bad start.
Wall Street
Tuesday night, the US stock market was mixed. For the first time ever, the Nasdaq broke through 17,000. The S&P 500 went up 1.32 points, or 0.02%, to 5,306.04 and the Nasdaq Composite went up 99.09 points, or 0.59%, to 17,019.88. The Dow Jones Industrial Average went down 216.73 points, or 0.55%, to 38,852.86. Shares of Nvidia went up 7%, GameStop went up 25.2%, and Hess went up 0.4%. Exxon Mobil's stock price finished the day up 1.3%. Yesterday, US stocks were mixed on Wall Street. Today, the Nasdaq broke through 17,000 and Nvidia hit a new record high.
Consumer Confidence in the US
Consumer confidence in the US unexpectedly rose in May after falling for three months in a row. The Conference Board said that its consumer confidence index rose to 102.0 this month from an upwardly revised 97.5 in April. Economists polled by Reuters had predicted that the index would fall to 95.9 from the previous report of 97.0.
Central Bank of the US
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said that policymakers at the US central bank haven't ruled out raising interest rates again. Earlier, in an interview with CNBC, he said that officials should wait for more proof that inflation is falling before cutting interest rates, especially since the economy and job market are strong.