Share Market Today: On Thursday, the fourth trading day of the week, the Indian stock market started the trading on a strong note. During this period, BSE’s 30-share sensitive index Sensex opened at 83880, up 146 points or 0.17 percent, while Nifty 50 opened at 25839 with a gain of 19 points or 0.07 percent. In the broader market, Nifty Midcap 100 rose 0.02 percent and Nifty Smallcap 100 rose 0.17 percent in early trade.
Asian markets boom
Asian indices saw a rise on Thursday after overnight gains on Wall Street. Japan’s Nikkei 225 rose 0.52 percent, while Topix gained 0.39 percent. South Korea’s Kospi index also jumped 2.76 percent to reach a new record high level. Similarly, small-cap Kosdaq also advanced by 0.59 percent. Markets remained closed in Hong Kong and China due to Lunar New Year holiday.
condition of wall street
The American stock market closed with gains on Wednesday. During this time, investors’ attention remained on the ongoing minutes of the Federal Reserve meeting. On Wednesday, the S&P 500 index rose 0.56 percent to close at 6881.31, while the Nasdaq Composite gained 0.78 percent and closed at 22753.63. During this period, the Dow Jones Industrial Average rose 129.47 points or 0.26 percent and managed to close at 49,662.66.
US Fed meeting minutes
The minutes of the US Federal Reserve’s meeting held last month were released three weeks later on February 18. This is usually a detailed record of a previous monetary-policy meeting. US Federal Reserve officials have already indicated that there will be no change in interest rates in the coming time. Most of them believed that before cutting interest rates, more attention would have to be paid to the trend of inflation – this process could take months.
In the meeting of 27-28 January, two officials were seen opposing the decision to keep the interest rates stable. The minutes of the meeting revealed that other officials remained neutral considering the possibility of rate cut or rate increase as equal.
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