Today i.e. in the trading of March 16, major Asian markets are seeing a boom. At the same time, there has been a great rise in the US markets on Tuesday.
Stock Market Update Today: Global market sentiments are looking better for the domestic stock market. Today i.e. in the trading of March 16, major Asian markets are seeing a boom. At the same time, before the meeting of the US Fed on Wednesday, stock futures are seen flat. However, on Tuesday, there has been a great rally in the US markets. On Tuesday, Dow Jones gained 599 points and closed at the level of 33,544.34. On the other hand, the S&P 500 index rose 2.1 percent and closed at 4,262.45. Whereas Nasdaq saw an increase of 2.9 percent and closed at the level of 12,948.62.
The eyes of investors will be on the meeting of the US Fed today. The Central Bank had earlier indicated to increase interest rates. At the same time, uncertainty remains about the Russia and Ukraine crisis. However, the market sentiment has improved as the Brent crude price in the international market has come down to near $100 per barrel.
Talking about Asian markets, SGX Nifty has a strength of about 1.5 percent. Nikkei 225 has a strength of 1.5 percent and Hang Seng more than 2 percent. More than 1 percent is being seen in Straight Times. There is slight weakness in Taiwan Weighted. But Kospi and Shanghai Composite are trading in the green.
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