Stock Market News Update: The domestic stock market is seeing an increase amid mixed global signals. Both Sensex and Nifty indices are seen in green mark in business. The Sensex is up more than 150 points and is trading at the level of 49917. At the same time, the Nifty has a strength of 50 points and it has gone beyond 14750. Business has seen good buying in metal stocks, while IT stocks are selling. Action is also being seen in public sector banks. Axis Bank and Bajaj Finance are top gainers while IT executives like TCS and Infosys are among the top losers. Talking about global signals, there is pressure on Asian markets today. At the same time, there is a jump of about 40 points in the Dow futures. On Tuesday, the major American markets closed off recovering from the lower levels.
Light boom in Dow futures
There are mixed signals from American markets. The Dow futures have a jump of about 40 points. On Tuesday, there was recovery in all the three indices. The Dow Jones gained about 16 points and closed at the level of 31,537. Nasdaq had a weakness of 68 points and closed at a level of 13,465. While the S&P 500 index gained nearly 5 points and closed at 3,881.
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Pressure in Asian markets
In the business of Wednesday 24 February, there is a weakness in the major Asian markets. SGX Nifty is up by 0.34 percent and Nikkei 225 is down by 0.92 percent. Straight Times is up by 1.29 percent and Hangseng is seen falling by 1.87 percent. There is a weakness of 0.91 percent in Taiwan weighted and 0.43 percent in Kospi. Shanghai Composite is down 1.55 percent.