By Admin 
Stock Market News: The first trading day of the week started with the Green Zone. The Sensex rose 180 points at around 9.15 am on Monday morning, while the Nifty has also crossed 24700. The Asian market is seeing a boom. Japan’s Nikkei jumped 0.94 percent, while the topics went up 0.97 percent. Australia’s ASX 200 has also jumped 0.23 percent, while Korea’s Kospi is seeing a growth of 0.14 percent.
Earlier on Friday, Dow Jones slipped 1.79 percent. S&P 500 also went down 1.13 percent, while Nasdaq fell 1.30 percent.
Crude oil boom
Here, crude oil is being seen rapidly due to bombing of Iran’s bases from Israel. The price of Brent has reached around $ 75. The demand for gold has increased due to heavy tension in West Asia. Comex Gold has reached above $ 350.
Factor that set market
The direction of the local market is being decided by the Iran-Israel tension, the price of Brent crude oil, inflation and the decision taken on the interest rate of the US Federal Reserve. According to the market experts, last week the stock market saw a tremendous boom. The market has closed with loss due to increasing geopolitical tension. Investors’ sentiments have been affected due to the rise in crude oil prices and the possibility of obstacles in supply.
Market experts believe that on Wednesday, businessmen will be vigilant before taking any decision at the interest rate of the Federal Reserve. Apart from this, the central bank of Japan-Britain will also announce its new interest rates. According to Vinod, the Chief Research Chief of Jiojit Investment Limited, investors will still be vigilant amid high evaluation and geopolitical tensions. At this time, everyone’s eyes are on the meetings of the Federal Reserve.
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