Here is some news about the Indian share market and global market news today,
Today Indian market news
The Sensex rose 213 points to close at 65,433.30 and the Nifty settled near 19,450, supported by gains in banking, metal and IT stocks.
The market breadth was positive as 1,789 shares advanced, while 1,228 shares declined on the BSE,
The rupee appreciated 19 paise to close at 82.94 against the US dollar, snapping its two-day losing streak, The domestic currency was supported by a weak dollar index and positive domestic equities,
Reliance Retail announced that it has received an investment of Rs 8,278 crore from Qatar Investment Authority for a 1% stake in its retail arm. This values Reliance Retail at Rs 8.28 lakh crore². Reliance Retail shares rose 0.8% to close at Rs 3,442.80 on the BSE,
Jio Financial continued to slide for the third consecutive day, hitting the lower circuit of 5% on the BSE, The stock has fallen over 15% in the last three sessions as index funds have been selling their shares to adjust their portfolios after the stock was excluded from the Nifty 50 index,
Linde India shares hit a record high of Rs 3,000 on the BSE, surging over 10% in intraday trade³. The stock has delivered a whopping 676% return in the last three years, driven by strong earnings growth and expansion plans, Linde India is a leading industrial gases company in India and a part of the Linde Group,
global market news today
The US stock market ended higher on Wednesday, led by a surge in Nvidia shares after the chipmaker reported strong quarterly results and raised its outlook.
The S&P 500 rose 1.1% to 4,798.83 and the Nasdaq gained 1.2% to 15,161.53, while the Dow Jones added 0.6% to 35,484.97 Investors also shrugged off weaker-than-expected retail sales data and focused on the upcoming Jackson Hole symposium, where the Federal Reserve may signal its plans for tapering its bond-buying program.
The European markets closed lower on Wednesday,
as caution lingered around global stocks amid concerns over the spread of the Delta variant and China’s regulatory crackdown. The Stoxx Europe 600 fell 0.3% to 468.07,
while the FTSE 100 dropped 0.4% to 7,120.43 and the DAX declined 0.3% to 15,781.04². Mining stocks led the losses, as copper prices fell on weak Chinese economic data.
The Asian markets were mixed on Wednesday, as investors assessed Japan’s inflation data, China’s rate cut and Evergrande’s filing for bankruptcy. Japan’s Nikkei 225 rose 0.6% to 27,585.91, as the core consumer price index rose 0.2% year-on-year in July, beating expectations of a flat reading.
China’s Shanghai Composite fell 0.6% to 3,447.99, as the central bank cut its one-year loan prime rate by 5 basis points to 3.85%, but left its five-year rate unchanged at 4.65%, in a bid to support the slowing economy.
Hong Kong’s Hang Seng Index slipped 0.1% to 25,693.95, as property developer Evergrande filed for bankruptcy protection in the US, raising fears of contagion in the financial system,
The commodities market
Saw mixed movements on Wednesday, as gold prices rose on a weaker dollar and oil prices fell on China worries. Gold futures gained 0.4% to $1,787.30 an ounce, as the dollar index eased from a two-month high ahead of the Fed’s Jackson Hole meeting.
Oil futures dropped 0.8% to $67.42 a barrel, as China’s slowing demand and rising US inventories weighed on the outlook for fuel consumption,
The currency market witnessed some volatility on Wednesday, as the dollar slipped against most major peers and the yuan fell to a nine-month low. The dollar index fell 0.1% to 93.14, as traders were cautious before the Fed’s Jackson Hole symposium,
where they expect some clarity on the timing and pace of tapering. The yuan weakened 0.3% to 6.4925 per dollar, as China’s rate cut and economic woes dented its appeal,