By Admin 
- Sensex reached 78400, Nifty 24479 for the first time.
- Big fall in Asian markets, Kospi fell by 5%.
- US market strong yesterday, slight decline in futures today.
- Crude oil rises, supply concerns increased due to Hormuz attack.
Share Market Today on July 7: Today on Tuesday, the beginning of the stock market was also auspicious. Investor sentiment has improved due to strong signals from the US market and the return of foreign investors (FIIs). BSE Sensex has crossed the level of 78400 for the first time, up by 176 points. Similarly, NSE’s Nifty also reached the level of 24479 with a rise of about 49 points and now it is slowly moving towards the historical psychological level of 24500.
Due to the record-breaking rally in the Indian stock market for the last four days, investors’ wealth has increased by more than Rs 9 lakh crore (Rs 9.32 lakh crore). Due to this, the market cap of companies listed in BSE has also increased to the level of Rs 436.50 lakh crore. In the last four days, Sensex has risen by about 1500 points and Nifty by about 450 points.
Asian market
A huge decline is being seen in Asian markets on Tuesday. The biggest decline of up to 5% is being seen in South Korea’s Kospi index. Due to heavy selling pressure in tech and semiconductor stocks, Japan’s Nikkei 225 is also trading in the red with a fall of about 0.57%. Australia’s ASX 200 is also trading down by 0.25% today. However, in the meantime Topix has gained 0.27%.
wall Street
The American stock markets closed with a huge gain last night i.e. on Monday, July 6. However, today on Tuesday, a decline is being seen in the US stock futures related to the benchmark. Nasdaq-100 futures are down 0.40%, S&P 500 futures are trading almost flat, futures linked to the Dow Jones Industrial Average index have gained less than 0.1%.
On Monday, Dow Jones closed 0.30% higher at 53056.74 due to rapid buying of shares of companies related to Artificial Intelligence. The S&P 500 index managed to close at 7537.48 with a gain of 0.72%. Nasdaq 100 index also closed with a gain of 1.26% at 29,697.87.
Crude Oil Price
After falling for two consecutive days in international markets, crude oil prices have increased again on Tuesday. Brent crude is trading today at $ 72.29 per barrel with a rise of 0.39%. At the same time, the American benchmark West Texas Intermediate (WTI) remains at $ 68.84 per barrel with a gain of 0.26%. An oil tanker has been attacked by a missile in the Strait of Hormuz near Lima, Oman, causing it to catch fire. Due to this, once again concerns regarding supplies via Hormuz seem to be increasing.
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us dollar
The US Dollar Index (DXY) is trading 0.01% higher at 100.89 today. This index assesses the strength or weakness of the US dollar against major currencies like British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc. On July 6, the rupee fell 0.17% to close at 95.39 against the dollar.