Today Stock Market: Nifty50 began 67.20 points, or 0.31 percent higher, at 21921.00, while the BSE Sensex opened 183.49 points, or 0.25 percent higher, at 72269.10. Nifty Bank debuted with small cuts. Indian benchmark indices began flat on Monday (February 5), following global trends. Nifty50 began 67.20 points, or 0.31 per cent higher, at 21921.00, while the BSE Sensex opened 183.49 points, or 0.25 percent higher, at 72269.10. Nifty Bank debuted with small cuts.
The opening value of the Indian rupee (INR) versus the US dollar was 83.04, down 12 paise. US dollar index futures, which pit the US currency against the other six world currencies, saw positive trading at 103.92, up 0.14 points, or 0.14 percent. – Today Stock Market.
As efforts to reach a ceasefire agreement between Israel and Hamas continue, global oil prices stabilized at the beginning of this week. US WTI futures increased by 0.14 points, or 0.19 percent, to close at 72.42, while Brent crude oil futures climbed 0.27 points, or 0.35 percent, at 77.60. The previous week had seen a precipitous decline in oil prices. Asian markets experienced mixed trading as most indices turned negative following the announcement by US Fed Chair Jerome Powell about the central bank’s cautious approach to rate cuts. The US Federal Reserve opted to keep rates unchanged after the January meeting. Japan’s Nikkei saw a modest increase of 0.66% to reach 36,395.71, while the Kospi declined by 1.16% to 2,585.85.
The Dow Jones Industrial Average (DJIA) rose 0.38 percent to close at 38,654.42 during the most recent session of US futures trading. The NASDAQ increased by 1.74 percent and the S&P 500 by 1.07 percent, respectively. US futures were up on a better jobs report and better-than-expected quarterly earnings, particularly from Microsoft and Meta, two of the biggest software companies.
