Stock market live:
The Indian stock market is trading cautiously amidst global turmoil. Today, major indices opened with gains, as the Nifty50 and Sensex rose by nearly 0.50% and the Bank Nifty by 0.75%. However, they were unable to maintain these levels and fell back to the previous day’s closing levels.
Globally, markets show mixed signals. Japan’s Nikkei has rebounded by 10% after suffering a significant 13% drop yesterday. Meanwhile, GiftNifty also declined after an initial upward movement.
In the U.S., markets closed in the red yesterday due to recession fears and investors’ negative outlook on the future. The Federal Reserve did not cut interest rates at its previous meeting, and recent U.S. economic data is causing market anxiety.
Tensions between Iran and Israel could escalate into a full-scale war, potentially triggering further declines in global stock markets.
Japan’s central bank has raised interest rates from zero to 0.25%, which has led to massive sell-offs in global markets.
Looking ahead, global stock markets are expected to remain volatile due to these factors.
