Indian stock market: The Indian stock market indices had a slow start as the Gift Nifty was trading at about 24,524, a discount of almost 20 points from the previous close of the Nifty futures.
Indian stock market: In response to conflicting signals from international markets, the domestic equities benchmark indices, the Sensex and Nifty 50, are anticipated to open tepidly on Wednesday.While the US stock market closed the night mixed, with the S&P 500 and Nasdaq reaching record closes, Asian markets saw lower trading.
Following President Yoon Suk Yeol's declaration of martial law for the first time in over 40 years and subsequent withdrawal, investors will be closely monitoring political developments in South Korea.On the home front, today marks the start of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting.
For the third straight day, the key indices of the Indian stock market saw robust advances on Tuesday, driven primarily by increases in the shares of a few major players.
The Nifty 50 closed 181.10 points, or 0.75%, higher at 24,457.15, while the Sensex surged 597.67 points, or 0.74%, to conclude at 80,845.75.
According to Siddhartha Khemka, Head of Research, Wealth Management at Motilal Oswal Financial Services Ltd., "we expect markets to gain some momentum in the near term on the back of positive global cues, optimism around enhanced government spending, and favourable monetary policy changes by the RBI."
Key worldwide market indicators for the Sensex today are as follows:
Markets in Asia
Amid South Korea's political unrest, Asian markets saw uneven trading on Wednesday.
The Topix dipped 0.2% and Japan's Nikkei 225 fell 0.1%. The Kosdaq sank 1.9% while the South Korean Kospi index declined 1.6%. Futures for the Hong Kong Hang Seng index pointed to a stronger opening.
Present Nifty Today
The Indian stock market indices had a slow start as the Gift Nifty was trading at about 24,525, a discount of almost 20 points from the previous finish of the Nifty futures.
The Wall Street
Tuesday saw a mixed finish to US stock market indices, with tech-related equities driving the S&P 500 and Nasdaq to record closing highs.
The S&P 500 increased 2.73 points, or 0.05%, to 6,049.88, while the Dow Jones Industrial Average dropped 76.47 points, or 0.17%, to 44,705.53. The Nasdaq Composite closed at 19,480.91, up 76.96 points, or 0.40 percent.
Apple's stock price increased 1.28%, Tesla's stock price fell 1.6%, and Amazon's stock price increased 1.3%. Salesforce's stock increased by almost 7% following the closing bell.
Q3 Earnings for Salesforce
Apple's stock price increased 1.28%, Tesla's stock price fell 1.6%, and Amazon's stock price increased 1.3%. Salesforce's stock increased by almost 7% following the closing bell.
Q3 Earnings for Salesforce
Salesforce increased the bottom end of its yearly revenue prediction and exceeded Wall Street's third-quarter revenue projections. According to figures provided by LSEG, the company's sales for the third quarter increased 8% to $9.44 billion, exceeding the average analyst forecast of $9.35 billion.According to Reuters, the company's third-quarter adjusted earnings of $2.41 per share fell short of projections of $2.44.
In contrast to its previous prediction range of $37.7 billion to $38 billion, Salesforce now projects revenue for fiscal year 2025 to be between $37.8 billion and $38 billion. In extended trading, Salesforce's stock ended 7% higher.
Job Openings in the US
While layoffs decreased in October, job vacancies in the US climbed somewhat. By the end of October, the Job opportunities and Labor Turnover Survey, or JOLTS report, revealed that the number of job opportunities had increased from 372,000 to 7.744 million. Reuters polled economists, who predicted 7.475 million openings. from 269,000 to 5.313 million hires. The number of layoffs dropped from 169,000 to 1.633 million.
Martial Law in South Korea
Hours after issuing his emergency martial law decree, South Korean President Yoon Suk Yeol has revoked it. Following hundreds of protesters taking to the streets and MPs defying security forces to vote against his declaration, the decision was made.
Council for Defense Acquisition
Five capital acquisition proposals totaling more than ₹21,772 crore were given Acceptance of Necessity (AoN) by the Defence Acquisition Council (DAC) on Tuesday. The council authorized AoNs for the purchase of 31 New Water Jet Fast Attack Crafts (NWJFACs) for the Indian Navy, with Rajnath Singh serving as its chairman.
PMI for Japan Service
In November, service activity in Japan resumed its upward trajectory. From 49.7 in October to 50.5 in November, the final au Jibun Bank Service purchasing managers' index (PMI) increased.Manufacturing and service activity are included in the composite PMI, which increased from 49.6 in October to 50.1 in November.
Council for Defense Acquisition
Five capital acquisition proposals totaling more than ₹21,772 crore were given Acceptance of Necessity (AoN) by the Defence Acquisition Council (DAC) on Tuesday. The council authorized AoNs for the purchase of 31 New Water Jet Fast Attack Crafts (NWJFACs) for the Indian Navy, with Rajnath Singh serving as its chairman.
PMI for Japan Service
In November, service activity in Japan resumed its upward trajectory. From 49.7 in October to 50.5 in November, the final au Jibun Bank Service purchasing managers' index (PMI) increased.Manufacturing and service activity are included in the composite PMI, which increased from 49.6 in October to 50.1 in November.
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