Stock Market Update Today: Global signals for the domestic stock market are seen mixed. Selling is being seen in major Asian markets in today’s business. On the other hand, on Wednesday, a mixed trend was seen in the US markets. On Wednesday, Dow Jones gained 82 points and closed at the level of 31,029.31. While the S&P 500 declined 0.07 percent and closed at 3,818.83. There was 0.03 percent weakness in Nasdaq and it closed at 11,177.89 level. The month of January to June has been the worst half for US markets since 1970. There has been continuous selling pressure in the market. There is a fear of slowdown among investors due to inflation and inflation.
There has been a slight softening in Brent crude. Brent crude is trading at $116 per barrel in the international market. While US crude is at $110 a barrel. On the other hand, the 10-year bond yield in the US is at 3.102 per cent. Talking about Asian markets, SGX Nifty is down 0.16 percent, while Nikkei 225 is down 0.96 percent. There is a 0.29 percent weakness in the Strait Times and 0.31 percent in the Hang Seng. There is a weakness of 2.24 percent in Taiwan Weighted and 0.77 percent in Kospi. While the Shanghai Composite is up 0.41 per cent.
Realty firm Sobha has entered into a Joint Development Agreement (JDA) to build a housing project in Chennai. Property consultant Sevilles India said in a statement that it has facilitated a joint development deal for 2.5 acres of land for the company.
Insurance company LIC has said that the exercise of determining its embedded value is going on by March 2022 and it is likely to be completed by July 15.
Karnataka Bank has increased the interest rates on deposits of less than Rs 2 crore to 5.50 per cent per annum. This will come into effect from July 1. The bank said it has increased deposit rates by 10 basis points (0.10 per cent) for deposits of 1-2 years as well as deposits above 2-5 years.
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