Sensex Today Share Market Updates: Benchmark indices lost Thursday’s gains from the previous day. At ten in the morning, the Nifty was down 78.20 points, or 0.36%, at 21,375.75, while the Sensex was down 327.57 points, or 0.46%, at 70,732.74.
Following the announcement of additional economic stimulus measures by policymakers, China-related stocks are set to continue their two-day surge. US tech stocks increased before the highly anticipated earnings announcements. Following the People’s Bank of China’s announcement on Wednesday that it would lower the reserve requirement ratio for banks and make further indications, futures for benchmarks in Hong Kong and China indicated gains while a measure of Chinese companies listed in the US increased by about 2%. In Japan, shares were stable while in South Korea, they declined. Following a fifth day of gains for the tech-heavy Nasdaq 100, futures for US stocks remained stable.
Sensex Today Share Market Updates: Sensex is down 500 points, Nifty at 21,300; IT, Bank down; Realty, PSU Bank higher.
Wednesday saw a rise in MSCI’s global equity index, which reached its highest point in nearly two years thanks to encouraging economic and earnings news from the US and Europe as well as hopes that China’s stimulus program may help its stock markets. The MSCI World Equity Index, which monitors stocks across 47 nations, was up 0.42% following an intraday high it had reached not seen since February 2022. Later Thursday, the spotlight will shift to the European Central Bank. While policymakers are anticipated to keep interest rates unchanged this week, the focus will be on hints for the next steps. According to Bloomberg Intelligence, euro-area figures released Wednesday reveal that private-sector output dropped again in January, indicating that the ECB will hold off on rate decreases until June.
Investors in the United States will closely examine various economic indicators, including gross domestic product (GDP), scheduled for release on Thursday. They are evaluating this data to gauge when the Federal Reserve might decide to reduce interest rates. According to US data released on Wednesday, January had the most expansion in economic activity in seven months. That’s encouraging for stocks, says Neil Dutta of Renaissance Macro. In other news, China’s promises for further stimulus and a sharp decline in US crude stocks caused oil prices to rise to trade close to a one-month high.
