IGI Logo

Market Review

US:

Stocks were poised for a rough open over continuing concerns about a potential Russia/Ukraine conflict as well as an increasingly hawkish Federal Reserve. But sentiment improved after Russia signaled it was still open to diplomacy to resolve the conflict. Stocks worsened in the afternoon after Ukrainian President Zelensky said he was informed that Russia would attack on Feb. 16. The Dow Jones industrials fell 0.5%. The S&P 500 closed lower by 0.4%

Asia:

Shares in Asia-Pacific were mixed in Tuesday morning trade as investors in the region continue to monitor tensions between Russia and Ukraine.

 India:

Indian stock market witnessed its worst one-day sell-off of calendar year 2022 on Monday as simmering tensions between Ukraine and Russia crushed equities. The benchmark S&P BSE Sensex tanked 1,857 points intra-day, before settling at 56,406, down 1,747 points or 3%. The NSE Nifty50, on the other hand, breached below the 16,850-mark to end 532 points, or 3.065, lower at 16,843. The index hit an intra-day low of 16,810. This was the indices biggest intra-day fall since November 26, 2021. In the broader markets, the BSE MidCap and SmallCap indices cracked 3.5% and 4%, respectively. Market is expected to open gap up and is likely to witness positive move during the day.

Economy:

German industry appears to be coping better with supply bottlenecks for important intermediate goods and raw materials. Industrial companies expect bottlenecks to ease around midyear, which, paired with high order backlogs, is making for a more positive outlook. An easing of supply bottlenecks along with somewhat lower energy prices should reduce inflationary pressure.

Commodities:

Oil prices fell on Tuesday as investors took profits from the previous day's rally to seven-year highs and as global stock markets slumped, although losses were capped by fears that Russia might invade Ukraine and disrupt supplies. Gold prices edged higher on Tuesday towards a three-month peak touched in the previous session, as heightened tensions between Russia and the West over Ukraine prompted investors to pull back from riskier assets and opt for safe-haven bullion.

Currency

The U.S. dollar index reached a two-week high on Monday on growing worries about Russia-Ukraine tensions and as St. Louis Federal Reserve President James Bullard reiterated calls for faster U.S. Federal Reserve 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