By Admin 
- Markets opened sluggish due to global cues and US-Iran tension.
- Asian markets remained weak, US futures declined.
- There was a rise again in crude oil and US dollar today.
Share Market Today on June 10: The Indian stock market has had a sluggish start today amid weak global signals and increased tension in America and Iran. During this period, BSE Sensex is trading at the level of 73988.27 with a slight gain of 69 points. At the same time, Nifty has started trading at the level of 23233 with a loss of 8 points.
Due to Buy Recommendation in early trade, shares of oil producing companies like Federal Bank and ONGC are seeing a rise due to the rise in crude oil prices. At the same time, due to selling in tech stocks globally, IT stocks like TCS, Tech Mehindra and shares of paint companies are under pressure.
Asian market
Today there is an atmosphere of weakness in the Asian markets. According to Reuters report, increased geopolitical tension in the Middle East after the military attacks by America on Iran has spoiled the sentiment of investors. Due to this, selling is dominant in Asian markets.
During this period, South Korea’s Kospi index appeared to be under the most pressure. It has fallen to 2%-3.12%. Japan’s Nikkei is also trading with a decline of 0.81%-1.12%. Topix has also slipped down to 0.30%. Small-cap Kosdaq also saw a decline of up to 0.67%. Hong Kong Hang Seng Index was also seen trading in the red, falling by about 1.04%.
US market
After the American Apache helicopter was shot down in an Iranian air strike, America once again started attacking Iran. Due to this, the futures of American benchmarks fell on Wednesday. Both S&P 500 futures and Nasdaq 100 futures recorded a decline of 0.3%.
Futures tied to the Dow Jones Industrial Average slipped 161 points, or 0.3%. American stock markets closed with a decline on Tuesday. The S&P 500 index fell 0.26% to 7,386.65, while the Nasdaq Composite dropped 0.97% to 25,678.82. However, during this period the Dow Jones Industrial Average managed to rise 86.10 points or 0.17% and close at 50,872.11.
price of crude oil
Today, after fluctuations in the prices of crude oil in the international markets, a rise is being seen again. West Texas Intermediate (WTI) crude futures rose 1.79% to $ 89.78 per barrel. At the same time, Brent crude futures for August delivery were seen trading 1.78% higher at $ 93.08 this morning. This increase has happened after a huge fall of 5% last night. Crude prices on COMEX have increased by 1.62% to $ 89.63 per barrel.
Earlier on Tuesday night, oil prices fell after US Energy Secretary Chris Wright said that the movement of ships through the Strait of Hormuz was increasing significantly. US crude oil futures fell 3.4% to close at $ 88.20 per barrel. Brent futures fell 2.97% to close at $91.45.
us dollar
The Dollar Index (DXY), which shows the strength of the US dollar against 6 major currencies of the world, remains strong at the level of $ 99.95-99.96 per barrel today. Geopolitical uncertainty has increased after the retaliatory attacks on Iran by the US military. In times of crisis, global investors increase their purchases of the dollar considering it a safe option, due to which it becomes stronger.
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Stocks to watch today: Keep an eye on! Movement can be seen in these shares today, many big names like HDFC Bank in the list