Tag: global market

Stock Market Live Updates: Sensex Cracks 2,900 Points, Nifty Around 22,000; Metal, Financials, IT, Auto, Realty Drag – News18

Stock Market Live Updates: Indian benchmark equity indices, the BSE Sensex and Nifty50, dropped at the market open on Monday, tracking steep declines in global markets amid fears of an escalating global trade war triggered by US President Donald Trump’s tariff policies.

At the opening bell, the BSE Sensex was down by 3,379.19 points, or 4.48%, at 71,985.50, and the Nifty50 was at 22,003.40, down by 901.05 points, or 3.93%.

At 12 PM, the BSE Sensex was lower by 2,912.49 points, or 3.86 per cent, at 72,452.20, and the Nifty 50 was at 21,966.75, lower by 937.70 points, or 4.09 per cent.

Indian stock markets are reflecting the turmoil in global markets, where Wall Street futures were down by around 4% on Sunday evening, while markets in the Asia-Pacific region plunged between 4-6%, amid concerns over a growing trade war between the US and the rest of the world.

Markets are reacting to the sell-off seen in the US markets on Friday, as the two-day rout took the overall market capitalisation erosion of over $5 trillion.

Global Cues

Asian shares nosedived on Monday after the meltdown Friday on Wall Street over US President Donald Trump’s tariff hikes and the backlash from Beijing.

US futures also signaled further weakness. The future for the S&P 500 lost 4.2 per cent while that for the Dow Jones Industrial Average shed 3.5 per cent. The future for the Nasdaq lost 5.3 per cent.

Tokyo’s Nikkei 225 index lost nearly 8 per cent shortly after the market opened and Australia’s S&P/ASX 200 tumbled more than 6 per cent.

South Korea’s Kospi lost 4.4 per cent.

Oil prices sank further, with US benchmark crude down 4 per cent, or $2.50, at $59.49 per barrel. Brent crude, the international standard, gave up $2.25 to $63.33 a barrel.

On Friday, Wall Street’s worst crisis since Covid slammed into a higher gear. The S&P 500 plummeted 6 per cent and the Dow plunged 5.5 per cent. The Nasdaq composite dropped 5.8 per cent.

The losses came after China matched President Donald Trump’s big raise in tariffs announced last week, upping the stakes in a trade war that could end with a recession that hurts everyone. Even a better-than-expected report on the US job market, usually the economic highlight of each month, wasn’t enough to stop the slide.

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April 7, 2025
Gold Crosses Rs 76,900: Why Are Prices Rising? How Far Will It Rise This Diwali? – News18

The price of gold in the bullion market of Delhi rose by Rs 600 to Rs 76,950 per 10 grams on Monday. (Representative/AP)

According to Chintan Mehta the demand for gold as a safe investment option has further increased due to rising geopolitical tensions, especially due to the war in West Asia, as Israel continues to attack Gaza

The upward trend in gold prices is continuing and the price of gold has already crossed Rs 76,000 in this Pitru Paksha. Usually, there is a slowdown in the markets during this period as people avoid shopping and auspicious events owing to their religious beliefs.

However, gold prices keep fluctuating owing to global developments. Hence, even though there is a slowdown in the market, the price of gold has not dropped.

Gold prices are reaching new record highs every day. Amidst the rise in gold prices in the international market, the price of gold in the bullion market of Delhi rose by Rs 600 to Rs 76,950 per 10 grams on Monday. In the previous trading session on Thursday, gold with 99.9% purity closed at Rs 76,350 per 10 grams.

“Gold prices have increased by 27 per cent this year, and it has reached an all-time high,” Chintan Mehta, the Chief Executive Officer (CEO) of Abans Holdings, said.

Mehta said that the demand for gold as a safe investment option has further increased due to rising geopolitical tensions, especially due to the war in West Asia, as Israel continues to attack Gaza.

Sources attributed the rise in gold prices in local markets to the increasing demand from jewelers and retailers.

Amidst the continuous rise in gold, many have questioned whether the trend will continue in the festive season as well. Anuj Gupta, Commodity Head at HDFC Securities, said that following the interest rate cut in the United States, gold prices have increased. Since the interest rate is going to be cut in future as well, the rise in gold prices may continue. The price of gold also benefited from the weakening of the dollar index.

Anuj Gupta said that till Diwali, the price of gold will remain in the range of Rs 75,000 to Rs 76,000. The price of silver is expected to remain between Rs 92,000 to Rs 95,000.

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September 24, 2024
NIFTY Scales New Heights, Expect Sensex To Follow This Time Around

Mumbai: Markets were on a roll last week and even though there was extreme volatility, they continued their upward march. NIFTY has made a new high this week effectively on every trading session.

Index Performance: NIFTY vs. BSESENSEX

However, the BSESENSEX has yet to cross the high of 73,427.59 points which was made on 16th January. The new high made on Friday on NIFTY was at 22,297.50 points while BSESENSEX reached 73,413.93 points, short of previous high by a mere 14 points. This makes one believe that sooner than later this would be breached and also confirming that NIFTY is yet to make another high on Monday or Tuesday.

Weekly Market Wrap-Up

At the end of the week, BSESENSEX gained 716.16 points or 0.99 per cent to close at 73,142.80 points while NIFTY gained 172 points or 0.78 per cent to close at 22,212.70 points. The broader markets saw BSE100, BSE200 and BSE500 gain 0.70 per cent, 0.76 per cent and 0.74 per cent respectively. BSEMIDCAP gained 0.01 per cent while BSESMALLCAP was up 0.82 per cent.

Intraday Volatility and Market Movement

Markets gained on three of the five trading sessions and lost on two. On Thursday, markets opened in the red but rallied smartly to close in the positive. The intraday movement on Thursday between the low and the close was 1,076 points on BSESENSEX and 342 points on NIFTY. If one compares this to the weekly gains, it’s almost 1.5 times on BSESENSEX and double on NIFTY. The markets had probably a sharp intraday correction. (Also Read: LIC Housing Finance Hopes To Earn Rs 5,000 Cr Profit In FY24)

Global Market Insight: Dow Jones Performance

The Indian Rupee gained 8 paisa or 0.10 per cent to close at Rs 82.94 to the US Dollar. Dow Jones gained in three of the four sessions and lost in one session. Dow gained 503.54 points or 1.30 per cent to close at 39,131.53 points.

New Listings and Market Sentiment

Shares of Vibhor Steel Tubes Limited which had issued shares at Rs 151, listed at the bourses on Tuesday, February 20. The primary issue from the company was of a very small size with a fresh issue of Rs 72 crore in the price band of Rs 141-151.

Upcoming Market Offerings: A Look Ahead

The week ahead sees the issue from Exicom Tele-Systems Limited tap the markets. The issue which opens on Tuesday, February 27, would close on Thursday the 29th February.

Investment Opportunities: Evaluating Market Offerings

For the fixed income category of investors there is an issue from Bharat Highways Invit which opens in the week ahead.

Market Outlook: Bullish Trends and Strategies

The current value of NIFTY is higher by 860.10 points or 4.03 per cent. The February series had begun at a level of 21,352.60 points. Currently, the Bulls have complete control of the series and there is no way that they would allow the series to slip out of their hands. (Also Read: Zomato’s Hilarious Response To Customer Goes Viral; Netizens Applaud Creativity)

Navigating Market Volatility

Coming to the strategy in the week ahead, expect volatility and sharp intraday moves in both directions to be the order of the day. Trade with a positive mindset but keep on booking profits in sharp rallies. At the same time use sharp dips to buy and refrain from having large overnight positions.

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February 25, 2024
Gold price sees huge increase in Pakistan – SUCH TV

In a significant turn of events, gold prices in Pakistan experienced a substantial increase following a notable uptick in the global market.

According to the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-carat gold ascended by an impressive Rs4,900, reaching Rs202,000 per tola. Similarly, the price of 10-gramme gold saw a rise of Rs4,201, settling at Rs173,182.

This surge in gold prices was paralleled by an international market trend where the price of gold per ounce escalated by $46, stabilising at $1,938.

This surge in the global market directly impacted the local gold prices in Pakistan, leading to the notable increase observed in recent days.

Additionally, the US dollar experienced a decline against the Pakistani rupee in the interbank market during the current week’s trading.

The US dollar depreciated by Rs5.07, falling to Rs277.62 from the previous rate of Rs282.69.

This trend continued in the open market as well, where the US currency dropped by Rs4.50, closing at Rs277 from the earlier rate of Rs281.50.

These fluctuations in both gold prices and the exchange rate underscore the interconnectedness of global financial markets, impacting local economies and consumer behaviour.

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October 14, 2023