Stock Market Today: GIFT Nifty index on the NSE IX traded 10 points lower at 19,468.50, indicating that Dalal Street will likely start Thursday slowly. The fact that Nifty failed to recapture the 20 EMA despite favourable global cues to build a long bearish candle on the daily chart as it ended 5 points higher suggests that bears are in no mood to loosen their hold. Indicators of persistent inflation in Europe propelled the euro to a 15-year high against the yen on Thursday, while the dollar was under pressure ahead of data on consumption, inflation, and employment that could add to the evidence of a slowing economy.
Stock Market Today: Rupee rebounds; Tokyo stocks opened higher
The rupee strengthened by 17 paise to end the day at 82.63 against the US dollar as the US dollar fell on international markets as worries about interest rate hikes subsided. Analysts claim that while rises in crude oil prices restrained the rupee’s upward potential, FII inflows into the capital market and robust equity markets supported the local currency. As a result of Wall Street advances and additional evidence that US interest rate rises are coming to an end, Tokyo equities opened higher on Thursday.The broad Topix index increased by 2.22 points, or 0.10 percent, to 2,315.60 and the benchmark Nikkei 225 index increased by 0.10 percent, or 31.07 points, to 32,364.53.
Gift Nifty reaches a new record with a total turnover of $12.98 billion
Since then, Gift Nifty has seen a total volume of nearly 2.94 million contracts, with a turnover of $113.73 billion. The Indian equities market’s growth story’s new benchmark, Gift Nifty, had an all-time high single-day trading activity on August 29 of 3,36,535 contracts with a turnover of $12.98 billion. 3,08,254 contracts with open interest totaled a massive $11.93 billion in value.
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