Stock Market Today: GIFT Nifty on the NSE IX traded lower by 59.5 points, to close at 19,669. This indicated that Dalal Street would begin the day on a down note. Nifty developed a Doji candle on Monday by closing at the flatline, indicating uncertainty among bulls and bears. The major Wall Street indices rose on Monday, helped by gains in the oil and Amazon.com sectors as Treasury yields increased further as investors awaited information on the direction of interest rates from economic data and Federal Reserve governors’ comments later in the week.
Rupee falls; Tokyo stocks opened lower
Due to rising crude oil prices and the US dollar’s strength against its main rivals abroad, the rupee fell by 19 paisas to end the day at 83.13 against the US dollar on Monday. On Tuesday, Tokyo markets began little down despite tiny advances on Wall Street.The broader Topix index fell 0.01 percent, or 0.35 points, to 2,385.15, while the benchmark Nikkei 225 index was down 0.18 percent, or 59.26 points, at 32,619.36.
Stock Market Today: TCS expands partnership with SBG
In the midst of macroeconomic uncertainty, Tata Consultancy Services (TCS) signalled the beginning of a recovery of IT deal wins and renewals by announcing the extension of its partnership with Standard Bank Group (SBG), Africa’s largest custodian bank, to centralise and standardise its custody and securities settlement operations in over 15 markets. SBG manages the largest asset-custody and administration network in sub-Saharan Africa, with $635 billion in assets. SBG will be able to quicken the pace of innovation and provide its clients with consistent, dependable, effective, and high-performance services thanks to the new integrated custody platform.
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