North India Statesman
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Start of a week … and the same question in every investor’s mind – “Today the market will go up or down?” So let’s know how the mood of markets around the world is and how the Indian market is getting indications from there.
Overall, the news is good, especially from America, where a ‘Bigg Boss’ has predicted such a new life in the world market.
Gift Nifty: Cool, with a slight smile
The first signal for the Indian market, gift Nifty, is doing almost flat business this morning. However, it has a slight rise, which shows that the start of the Indian market today can remain calm but positive.
Happiness returned to Asia markets
This morning, most of the Asian markets are fast. Japan’s major index Nikkei is trading with a great edge. South Korea’s market is also in the green mark. Although Hong Kong’s market is slightly sluggish, the signs from Asia are good.
Now come on that biggest news …
The real hero of the story is America,
On Friday, all three big markets of America – Dow Jones, Nasdaq and S&P 500 were closed with an edge. But the real good news has come now.
One of America’s largest and reputed investment banks, Goldman Sachs has further raised its expectations for the US market. He has increased its target of this year from 5200 to 5600 for the US’s largest index, S&P 500.
What does it mean?
Understand in easy language, Goldman Sachs is saying that big companies of America, especially technology sector companies, are earning better than expected and America’s economy is also returning to track. So the market will go up further. This is a very positive sign, which affects the markets of the whole world.
What is the condition of the rest of the world?
- Dollar Is a little calm.
- Crude oil It has become slightly expensive.
- Sleep Is also a little shiny.
Overall, foreign signals for the Indian market are mixed but most positives. The most promoted is from the forecast of Goldman Sachs, which can play an important role in moving the market up today.
