Markets Wrap – Mon, 30 Jan ‘23: Stocks rise, rupee gains; Asia, Europe markets, Gold, Crude, Crypto updates

2023-08-24

Indian equity benchmark indices ended Monday’s volatile session in green. After falling over 1% intraday, Nifty and Sensex recovered losses and broke the 2-day losing streak. The Bank Nifty tanked over 1000 points during the day but managed to close in the positive territory. The top gainers on the BSE were Bajaj Finance (up 4.61%), UltraTech Cement (up 2.51%), Bajaj Finserv (up 2.22%), NTPC (up 1.86%) and HCL Tech(up 1.85%) while Power Grid (down 3.38%), IndusInd Bank (down 2.56%), Larsen & Toubro (down 2.11%), Tata Steel (down 1.62%) and Hindustan Unilever (down 1.55%) were the losers. “The response by Adani had a mixed effect on the stock group and market. The saga is likely to continue as a hanging risk in the minds of the investors in the medium-term. To expect a scientific assessment report either by a strong independent third party or government is dim in the short-term. Now the focus of the market will be on budget and fed policy,” said Vinod Nair, Head of Research at Geojit Financial Services.

Asian Markets

Asian markets ended mixed on Monday. China Shanghai Composite index rose 4.50 pts or 0.14% settling at 3,269.32, Japan’s Nikkei 225 rose 50.84 pts or 0.19% to 27,433.40 while Hong Kong’s Hang Seng fell 619.17 pts or 2.73% to 22,069.73 and South Korea’s KOSPI dropped 33.55 pts or 1.35% to 2,450.47.

European Markets

England’s FTSE100 was trading at 7,759.59, down 5.56 points or 0.07% at 4:00 PM (IST). Europe’s Euronext100 was down 11.49 points or 0.86% at 1,323.02. France’s CAC was trading 38.51 points or 0.5% lower at 7,059.06. Germany’s DAX was down 83.06 points or 0.55% at 15,067.21.

US Markets

The US equity market ended Friday’s session in green. The Dow Jones Industrial Average (DJIA) rose 28.67 pts or 0.08% at 33,978.08, S&P 500 climbed 10.13 pts or 0.25% to 4,070.56 and Nasdaq advanced 109.30 pts or 0.95% to 11,621.71.

Rupee movement

The Indian rupee rose 0.03% to 81.50 against the US dollar at 4:00 PM (IST).

Gold, Silver

Gold futures on the multi-commodity exchange for February delivery were trading at Rs 56,840.00 down 117 pts points or 0.03% while Silver futures for March delivery were up 402 points or 0.59% at 68731.00 at 4:30 PM (IST).

Crude oil

WTI Crude futures for February delivery were down 0.15% at $79.56 while Brent Crude futures for March delivery were trading 0.01% higher at $86.68 at 4:35 PM (IST).

Cryptocurrency

Bitcoin (BTC) at 4:35 PM (IST) was trading at $23,264.70, down by 0.52% in the last 24 hours. Its total market cap is $448,481,639,998. Ethereum (ETH) was trading at $1,587.17, down by 1.05% in the last 24 hours. It has a total market cap of $194,234,354,494.

Tags: , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *