The impact of the Greenland dispute is now visible on the stock market. BSE’s 30-share benchmark index Sensex fell by 604 points to 82965. Whereas, NSE’s 50-share sensitive index Nifty has fallen by 182 points to 25511. Indigo is 3.61%, Tech Mahindra 3.37%, Maruti 1.18%, Kotak Bank 1.10% are the top Sensex gainers. Whereas ICICI Bank fell by 3.46% and Reliance by 2.39% are the top Sensex losers. Now the impact of Greenland dispute is visible on the stock market. BSE’s 30-share benchmark index Sensex has fallen by 449 points to 83120. Whereas, NSE’s 50-share sensitive index Nifty fell by 140 points to 25554. The stock market started in the red today. BSE’s 30-share benchmark index Sensex opened with a fall of 75 points at 83494. Whereas, NSE’s 50-share sensitive index Nifty opened with a fall of 41 points at 25653. The major indices of the Indian stock market, Sensex and Nifty 50 are expected to open with a weak start on Monday. The reason for this is the negative signals coming from global markets. At the same time, Gift Nifty was trading at the level of 25,592, which is about 160 points less than the previous closing price of Nifty Futures. This indicates the beginning of a decline in Indian stock market indices.
condition of asian markets
Asian markets remained mostly weak on Monday. Investors are cautious ahead of key economic data coming from China. Japan’s Nikkei 225 index fell 0.85 percent. Futures of Hong Kong’s Hang Seng Index were also pointing towards a weak start.
wall street influence
The US stock market closed Friday’s session almost flat. All three major indices declined during the week. The Dow Jones fell 0.17 percent and the S&P 500 lost 0.06 percent. Nasdaq Composite also closed down by 0.06 percent.
Impact of Trump’s tariff threat
US President Donald Trump has threatened to increase tariffs on European countries if they are not allowed to buy Greenland. Due to this, the fear of global trade war has increased and the morale of investors has fallen.
Reliance’s third quarter results
Reliance Industries reported 1.6 percent rise in third quarter net profit at Rs 22,290 crore. The company’s operating revenue increased by 10.5 percent to Rs 2,69,496 crore. However, EBIDTA margin declined 70 basis points to 17.3 percent.
hdfc bank third quarter results
HDFC Bank’s third quarter net profit increased by 11.4 percent to Rs 18,653.75 crore. Net interest income (NII) increased by 6.4 percent. However, the bank’s asset quality witnessed sequential weakness.
Gold and silver prices rose
Gold and silver prices reached record highs due to fears of a trade war between America and Europe. Spot gold rose 1.6 percent to $4,668.76 an ounce. Silver jumped 3.2 percent to $ 93.0211 an ounce.
dollar decline
After Trump’s tariff threat, investors invested money in Japanese yen and Swiss franc, considered safe. This led to a decline in the dollar. The dollar index fell 0.19 percent to 99.18.
Crude oil prices eased
Crude oil prices remained weak due to easing tensions regarding Iran. Brent crude fell 0.41 percent to $ 63.87 per barrel. WTI crude futures fell 0.40 percent to $59.20 a barrel.
