What will be the mood of the stock market? GIFT Nifty gave this indication
Stock Market Today: A similar trend was seen in the stock market last week. A huge decline was seen in the early trade of the week, which reduced profits. At the same time, strength is expected to remain for the week starting from today. In fact, many markets around the world, including India, continue to get support from the improvement in global macro and earnings.
In fact, many markets around the world, including India, continue to get support from the improvement in global macro and earnings.
Also Read: India becomes world's fourth largest economy, overtaking Japan: NITI Aayog
On Friday, the Sensex closed at the level of 81,721.08 with a gain of 769.09 points or 0.95%, while the Nifty 50 index closed at the level of 24,853.15, registering a gain of 243.46 points or 0.99%.
Gift Nifty rises
At the same time, Gift Nifty was trading at 24,921.50 on NSE IX today, up 38.5 points or 0.15 percent. This is an indication that there may be a positive opening on Dalal Street. However, apart from this, many other factors will affect the market.
America withdraws tariff threat on Europe
After US President Donald Trump extended the timeline of European tariffs, Asian stocks as well as US and European equity index futures saw a rise on Monday. Apart from this, gold prices have also fallen. In fact, Trump had earlier threatened Europe that 50 percent tariff would be levied from June 1, but he has withdrawn his threat till July 9. In such a situation, gold prices have come down.
Also Read: NTPC, JK Cement among 109 companies to declare earnings
How was the US market
Let us tell you that the US stock market closed with a decline on Friday. Vehicle losses were recorded amid new trade tensions after Donald Trump announced a 50% tariff on European goods. The Dow Jones closed down 256.02 points or 0.61% at 41,603.07, while the S&P 500 index closed down 39.19 points or 0.67% at 5,802.82. Besides, the Nasdaq closed down 188.53 points or 1% at 18,737.21.
India becomes the fourth largest economy in the world
India has overtaken Japan to become the fourth largest economy in the world. Niti Aayog CEO BVR Subramaniam said, 'As I speak, our economy is now worth $4 trillion.' He said that India can soon overtake Germany to become the third largest economy in the world.
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