IGI Logo

Market Review

US:

The Dow Jones industrials fell less than 0.1% Thursday after trading more than 1% higher. The Nasdaq composite fell 1.4% as tech leaders continued to get pounded. The S&P 500 fell 0.5%. The Russell 2000 slid 2.2% as small caps were clearly the weakest major index.

Asia:

Asia - Pacific markets declined on Thursday as investors digest an overnight update from the U.S. Federal Reserve that indicated the central bank plans to raise interest rates as soon as March

 India:

Equity markets reversed losses during the second half of the trading session as global markets looked to stablise post a manic Monday. Indian stock markets snapped their five-day bear hammering, with benchmarks ending 0.6% higher on Tuesday. Sensex ended 367 points higher at 57,858 level at close. The Nifty ended at 17,278, up 129 points. In the broader market, the BSE MidCap index ended 1% higher while the BSE SmallCap index added 0.8%. Market is expected to open on a flattish note and likely to witness sideways move during the day.

Economy:

U.S. economic growth accelerated in the fourth quarter as businesses replenished depleted inventories to meet strong demand for goods, helping the nation to post its best performance in nearly four decades in 2021. Gross domestic product increased at a 6.9% annualized rate last quarter. That followed a 2.3% growth pace in the third quarter. Economists had forecast GDP growth rising at a 5.5% rate. Inventory investment accounted for the bulk of the increase in GDP growth in the fourth quarter. Businesses had been drawing down inventories since the first quarter of 2021. Spending shifted during the pandemic to goods from services, a demand boom that pressured supply chains.

Commodities:

 Oil prices have touched $90 a barrel, the highest since October 2014, driven by geopolitical tensions in Eastern Europe and the Middle East amid a tight supply. Gold was flat on Friday and set for its sharpest weekly decline since November, as markets digested the U.S. Federal Reserve's policy tightening plans that propelled the dollar index to a multi-month peak.

Currency

The dollar was headed for its best week in seven months on Friday after breaking through key levels against the euro as traders priced in a year of aggressive U.S. interest rate hikes.

To Read Complete Report & Disclaimer Click Here
 

Please refer disclaimer at https://investmentguruindia.com/Disclaimer/nirmal.html

SEBI Registration number is INH000001766

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer