7:30 AM Share Market Live Updates 29 August: Due to the fall in stock markets from America to Japan, the benchmark index of the domestic stock market Sensex and Nifty 50 are expected to open with a decline today. Let us tell you that after Nifty 50 reached a record high on Wednesday, the domestic stock market closed with a marginal gain. Sensex closed at 81,785.56, up 73.80 points, while Nifty closed at 25,052.35, up 34.60 points.
Today’s global cues for Indian stock market
Asian Markets: Asian markets ended in red following overnight losses on Wall Street. Japan’s Nikkei 225 dropped 0.56% while the Topix shed 0.14%. South Korea’s Kospi fell 1.3% and the Kosdaq 0.55%. Hong Kong Hang Seng index futures also indicated a weak opening.
GIFT NIFTY: GIFT Nifty was trading around the level of 25,002. Nifty futures were down by about 55 points from their previous close, which are not good signs for the Indian stock market.
Wall Street Red: US stock markets closed in the red on Wednesday ahead of Nvidia’s quarterly results. The Dow Jones Industrial Average fell 0.39% to close at 41,091.42, while the S&P 500 fell 0.60% to 5,592.18. The Nasdaq fell 1.12% to close at 17,556.03.
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Dollar, gold and crude oil movement
The US dollar rose on month-end buying and technical factors. The dollar index rose 0.5% to 101.11 for its biggest daily percentage gain since mid-June. Meanwhile, Brent crude oil rose 0.09% to $78.72 a barrel. US West Texas Intermediate crude futures rose 0.15% to $74.63.
Talking about gold prices, gold prices fell by 0.68% to $2,507.50 per ounce and US gold futures fell by 0.6% to $2,537.80 due to strengthening of US dollar.