North India Statesman
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News India Live, Digital Desk: Asian Markets: The Indian stock market is expected to start a good start on the first business day of the week, that is, Monday. The initial signs from Gift Nifty are showing that the market can open in the green mark. The market’s mood looks positive and the biggest reason for this is good news coming from America.
How is the condition of foreign markets?
If we look at the markets around the world, the US market (Dow Jones, S&P 500, Nasdac) was strongly closed on Friday. This morning, Asian markets are also seeing good shopping, the markets of Japan, South Korea and Hong Kong are trading with lead.
Why is this enthusiasm in the market?
There are job figures from America behind this fast. These figures show that this good news is for the market that is slowing the economy there because it hoped that the US central bank (Federal Reserve) will no longer increase the interest rates. Whenever interest rates do not increase, it is usually considered good for the stock market.
How was the trend of foreign and domestic investors?
However, there is a figure that produces some anxiety. On Friday, foreign institutional investors (FIIS) withdrawn Rs 1,869 crore from the Indian market, that is, they sold. On the other hand, domestic institutional investors (DIIs) showed power and made a net purchase of Rs 2,019 crore. This shows that there is a tussle between foreign and domestic investors in the market
Crude oil prices have also seen a slight jump and Brent crude is trading around $ 83 per barrel. Overall, indications from foreign markets are good, but it will be necessary to monitor the selling of foreign investors. Today the market move can depend on this tussle.
