Share Market Updates: There is a series of ups and downs in the Indian stock market today. In morning trading, BSE’s 30-share sensitive index Sensex is currently trading at 77770.74. It is down by about 435 points or 0.56 percent compared to its previous closing of 78205.98. At the same time, NSE’s benchmark index of 50 shares Nifty 50 seems to be down by 110 points and is trading at 24150.
Top Gainers and Losers
Shares of Wipro, Tata Steel, Power Grid, Bajaj Finserv, Tech Mahindra are seeing gains in early trade. At the same time, shares of Kotak Mahindra Bank, ICICI Bank, HDFC Bank, Reliance Industries and Apollo Hospitals have suffered losses. Due to the fall in Bank Nifty, Sensex is currently trading in the red.
condition of asian markets
Due to the fall in crude oil prices on Wednesday, there was a rise in Asian markets. Japan’s Nikkei 225 jumped 1.36 percent, while Topix saw a rise of 1.22 percent. South Korea’s Kospi gained 2.52 percent, while the small-cap Kosdaq rose 1.39 percent. At the same time, Hong Kong Hang Seng Index futures were seen trading at 25,936, whereas the previous closing of the index was at 25959.9.
trading on wall street
On Tuesday, the American stock market Wall Street closed in the red. During this period, investors kept an eye on the low oil prices and the war situation in Iran. The S&P 500 fell 0.21 percent to close at 6781.48. Similarly, the Dow Jones Industrial Average also fell 34.29 points or 0.07 percent and closed at 47706.51. However, Nasdaq Composite closed 0.01 percent higher at 22697.10.
Crude prices fell
Crude oil prices went up from the low level on Wednesday morning. With US President Donald Trump indicating an end to the war in Iran, WTI crude prices were seen trading 0.03 percent lower at 83.43, while Brent crude fell from the previous session’s high level of $ 119.50 per barrel to now in the range of $ 87-90 per barrel.
According to a report by The Wall Street Journal, the International Energy Agency (IEA) has proposed releasing the largest oil reserve in its history to reduce crude oil prices after they spiked during the war with Iran. Under this, more than 182 million barrels of oil will be released.
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