Today's Stock Market: Everything You Should Know Before Investing February 16
The benchmark Nifty 50 index is showing a gap down open as the GIFT Nifty is trading 100 points, or 0.4%, lower at 25,441. In relation to a basket of major currencies, the dollar is flat. With markets closed on Presidents' Day, US stock futures saw minimal movement in muted volumes.
Update on the Asian Market
Following worries about disruption from the growth of artificial intelligence, Asian stocks fluctuated between slight gains and losses as the Federal Reserve's anticipated rate decrease this year was bolstered by benign US inflation statistics.
SIX 2000 down 0.4%, Nikkei up 0.1%
Hang Seng decreased by 0.5%.
Recap of the US Market
Despite hopes that the Federal Reserve may lower interest rates as a result of decreasing inflation, indexes were impacted by concerns that artificial intelligence would disrupt corporate earnings, which caused Wall Street to end its worst week since November. The Nasdaq dropped 0.2%, the Dow Jones Industrial Average increased 0.1%, and the S&P 500 ended the day unchanged.
Check of Commodities
As traders kept an eye on geopolitical risk ahead of Tuesday's anticipated resumption of US-Iranian negotiations, oil prices were flat at the beginning of the week. Following its first consecutive weekly decline this year, Brent fell below $68 per barrel, while West Texas Intermediate was close to $63.
As traders booked profits on weak US inflation statistics, gold prices in Singapore fell 0.8% to $5,012.44 an ounce. The price of silver fell 1% to $76.66 per ounce. Palladium and platinum also saw a minor decline in price.
Market Recap for India
Benchmarks for domestic equity After a brief respite last week, the Sensex and Nifty 50 returned to weekly losses, driven by information technology companies that were on a global rampage due to concerns over AI disruption. The Nifty IT index entered bear market territory after plunging to its lowest level in ten months. The NSE Nifty 50 ended the week below 25,500, while the BSE Sensex dropped around 1.2% to close at 82,626.75.
All of the gains following the finalization of the interim India-US trade pact were erased on Friday when the 30-stock index dropped more than 1,000 points and the 50-stock index dropped 1.3%. With the NSE Nifty Metal Index losing 3.3%, all of the sectoral gauges that the NSE tracks ended the day lower. The size of the market was clearly skewed in favor of sellers. In a single session, investors' wealth decreased by Rs 7.02 lakh crore.
Update on the Asian Market
Following worries about disruption from the growth of artificial intelligence, Asian stocks fluctuated between slight gains and losses as the Federal Reserve's anticipated rate decrease this year was bolstered by benign US inflation statistics.
SIX 2000 down 0.4%, Nikkei up 0.1%
Hang Seng decreased by 0.5%.
Recap of the US Market
Despite hopes that the Federal Reserve may lower interest rates as a result of decreasing inflation, indexes were impacted by concerns that artificial intelligence would disrupt corporate earnings, which caused Wall Street to end its worst week since November. The Nasdaq dropped 0.2%, the Dow Jones Industrial Average increased 0.1%, and the S&P 500 ended the day unchanged.
Check of Commodities
As traders kept an eye on geopolitical risk ahead of Tuesday's anticipated resumption of US-Iranian negotiations, oil prices were flat at the beginning of the week. Following its first consecutive weekly decline this year, Brent fell below $68 per barrel, while West Texas Intermediate was close to $63.
As traders booked profits on weak US inflation statistics, gold prices in Singapore fell 0.8% to $5,012.44 an ounce. The price of silver fell 1% to $76.66 per ounce. Palladium and platinum also saw a minor decline in price.
Market Recap for India
Benchmarks for domestic equity After a brief respite last week, the Sensex and Nifty 50 returned to weekly losses, driven by information technology companies that were on a global rampage due to concerns over AI disruption. The Nifty IT index entered bear market territory after plunging to its lowest level in ten months. The NSE Nifty 50 ended the week below 25,500, while the BSE Sensex dropped around 1.2% to close at 82,626.75.
All of the gains following the finalization of the interim India-US trade pact were erased on Friday when the 30-stock index dropped more than 1,000 points and the 50-stock index dropped 1.3%. With the NSE Nifty Metal Index losing 3.3%, all of the sectoral gauges that the NSE tracks ended the day lower. The size of the market was clearly skewed in favor of sellers. In a single session, investors' wealth decreased by Rs 7.02 lakh crore.
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