By Admin 
Share Market Today on July 16: Despite the decline in Asian markets, a rise is being seen in the domestic stock market today. In early trade, BSE Sensex jumped 202 points and opened at 77388. Nifty also rose by 63 points during this period and started trading at the level of 24142.
Asian market
Today the Asian market has completely crashed. The war between America and Iran is not only responsible for this, but also Artificial Intelligence (AI) and overvaluation of chipmaker and semiconductor stocks have further increased the concern of investors.
Due to this, South Korea’s Kospi index fell by 6.17% in early trading. The situation was such that trading had to be stopped for some time. Similarly, Japan’s benchmark Nikkei 225 fell 3% as soon as it opened. A huge fall of 3.9% has also been recorded in small-cap Kosdaq. The futures of Hong Kong’s Hang Seng Index are at 24829, which is slightly higher than Wednesday’s closing price of 24681.1.
The statement of Netherlands company ASML – the demand for AI chips will remain strong in the coming time, but at present the demand from electronics, automotive and car companies is very weak – created panic in the market. Somehow investors started feeling that the growth is not uniform in the entire tech industry.
wall Street
A significant rise was seen in the American stock markets on Wednesday. All major indices closed in the green due to lower than expected wholesale inflation figures (CPI), fall in treasury yields and excellent quarterly results of big companies. The Dow Jones rose 150.91 points, or 0.3%, to close at 52,659.18. The broad market S&P gained 0.4% to close at 7572.43, while the tech-heavy Nasdaq Composite jumped 0.6% to 26269.23.
price of crude oil
Today, for the fourth consecutive day, crude oil prices are rising in the international commodity market. Brent crude has jumped 0.26% to reach $ 85.34 per barrel. It has jumped by about 12% in just the last four trading sessions. West Texas Intermediate (WTI) crude oil has reached the level of $ 80.05 per barrel today with an increase of 0.18%. Crude prices are continuously getting support at upper levels due to the deepening military conflict between Iran and America and concerns about possible interruption in energy supplies through the Strait of Hormuz.
indian rupee
Due to increasing tension between America and Iran, the Indian rupee opened at 96.2475 against the dollar on Thursday, which is very close to its lowest level of 96.96 made in May. So far in the month of July, the rupee has weakened by about 1.7%.
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