New Delhi, 24 November (HS): Good signals are being received from the global market on Thursday for the second consecutive day. US markets closed with gains in the previous trading session. Similarly, in the European market, there was continuous boom in the business of the previous session. At the same time, most of the indices are seen trading strongly in the Asian market as well.
In the last trading session, the trend of strengthening in the US market continued. On Wednesday, the minutes of the US Federal Reserve meeting were released, indicating a lower interest rate hike than previously expected. It was also discussed in the US Fed meeting that a continuous sharp increase in interest rates can have a negative impact on the country's economy and financial stability. Therefore, the rate of increase in interest rates should be reduced comparatively.
After the release of the minutes of the US Fed meeting, the US stock market witnessed an upbeat trend. The S&P 500 index closed at 4,027.26 points, up 0.59 percent. Similarly, Dow Jones ended the previous session's trading at 34,194.06 points with a gain of 0.28 percent. While the Nasdaq closed at 11,285.32 with a gain of 110.91 points, or 0.99 percent. Due to Thanksgiving Day, there will be a holiday in the US markets today.
The effect of the boom in the American market was also visible on the European markets. In the previous session, the FTSE index closed at a level of 7,465.24 points with a gain of 0.17 percent. Similarly, the CAC index ended the previous session's trading at 6,779.09 points with a gain of 0.32 per cent. The DAX index underperformed in the previous session due to continuous selling pressure. Despite the selling pressure, the index gained 0.04 per cent to end the trade at 14,427.59 points.
The effect of the boom in American and European markets is also clearly visible on Asian markets today. Barring the Straits Times Index and the Shanghai Composite Index, most of the Asian markets remained bullish. SGX Nifty is seen trading at the level of 18,301 points with a gain of 0.26 points. Similarly, the Nikkei index is trading at a level of 28,415.52 points with a jump of 299.78 points i.e. 1.07 percent. The Hang Seng index is also trading at a level of 17,586.26 points with a gain of 0.36 percent.
While the Taiwan Weighted Index is trading at a level of 14,711.59 points with a strength of 103.05 points i.e. 0.71 percent. At the same time, the Jakarta Composite Index strengthened by 0.65 percent and is trading at the level of 7,099.50 points. Similarly, the Kospi index remained at the level of 2,431.81 points with a gain of 0.57 percent. Apart from this, the Set Composite Index is trading at a level of 7,099.70 points with a symbolic gain of 0.01 percent.
So far only two indices are seen working with weakness in the Asian markets. Of these, the Straits Times Index is trading at a level of 3,252.94 points with a weakness of 0.09 percent. While the Shanghai Composite Index is trading at a level of 3,093.51 points with a decline of 0.11 percent. Both these indices are in a declining trend for the second consecutive day today.
Hindusthan Samachar /Yogita/Indrani Sarkar