Stock Market Today: The SGX Nifty, which is up 29 points and trading in positive territory, suggests that the domestic indices BSE Sensex and NSE Nifty may open this morning in the green amid favourable global cues. Nifty futures are currently trading at 18058 on the Singaporean exchange, up 0.16%. Due to the Christmas holiday, Wall Street was closed for trading on Monday.
Asia-Pacific markets
Trading will resume today. The US indices closed higher on Friday, with Nasdaq Composite rising 0.21% and Dow Jones and S&P 500 each ending the day up over 0.5%. Tuesday’s trading in the Asia-Pacific markets is largely positive, with the exception of Hong Kong’s Hang Seng index, which is down 0.44%. The Shanghai Composite and Nikkei 225 in Japan both increase by 0.4%, while the KOSPI in South Korea rises by 0.49%.
Crude rises on US winter storms
Tuesday’s light trading saw an increase in oil prices due to worries that the United States’ widespread winter storms may disrupt transportation and the production of shale oil and petroleum products. By 0122 GMT, Brent crude had increased by 73 cents, or 0.9%, to $84.65 per barrel, while U.S. West Texas Intermediate crude had increased by 85 cents, or 1.1%, to $80.41 per barrel.
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Rupee could gain against dollar
Due to exporter selling as the year came to a finish and risk-on emotions, the USDINR spot closed 21 paise lower at 82.65. Up until the conclusion of this, the rupee may climb somewhat against the dollar, perhaps reaching levels around 82.35 or 82.40. Expected on-site range is between 82.35 and 82.85 overall.
US market view
Due to the Christmas holiday, Wall Street was closed for trading on Monday. Trading will resume today. The US indices closed higher on Friday, with Nasdaq Composite rising 0.21% and Dow Jones and S&P 500 each ending the day up over 0.5%.
Stock Market Today: Dollar update
As risk appetite increased in response to China’s announcement that it will abolish its COVID quarantine regulation for entering travellers, a significant step toward reducing border restrictions, the dollar moved generally down on Tuesday, while the currencies of Australia and New Zealand rose.
In mainly quiet trading during the end-of-year holiday season, the New Zealand dollar rose 0.65% to $0.63115 and the Australian dollar rose 0.25% to $0.67485 (New Zealand dollar). As liquid substitutes for the Chinese yuan, the two currencies are frequently utilised.
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