Stock Market Today: Today the signals from the global market are positive. SGX Nifty sees a gain of about 80 points. Due to this, the market is expected to rise today.
If we look at the global market, the American market closed with a boom. Dow Jones saw a gain of 205 points. At the same time, Nasdaq saw an increase of 1.76 percent and the S&P 500 by 1.10 percent. Turning to the Japanese market, Nikkei is up by 0.25 percent, while Kospi has registered a gain of 0.37 percent.
The dollar index is at 101.5. Brent crude is below $88 in the international market.
Today the results of companies like Bajaj Finance, Vedanta, Glenmark Pharma, and Aditya Birla Sun Life are to come.
How was the business day
The stock market in the country was closed on the last day i.e. 26 January. Before that i.e. on January 25, the BSE Sensex fell by about 774 points. Selling in IT, financial, and petroleum stocks dragged down the market amid a mixed trend globally.
The 30-share BSE Sensex closed at 60,205.06 points, down 773.69 points, or 1.27 percent. The Sensex opened with a decline and at one point had rolled down to around 900 points. The National Stock Exchange’s Nifty (NSE Nifty) also closed at 17,891.95 points, down 226.35 points, or 1.25 percent.
Vinod Nair, Head of Research, at Geojit Financial Services, said, “There was a sell-off in the domestic equity market amid various apprehensions ahead of the budget and the US central bank Federal Reserve meeting next week.” Continued selling by foreign institutional investors also weighs on the sentiment. “Global markets remained in losses due to weak economic growth outlook due to recession fears,” he said.