Will the market open in the red today? (Image source: iStock)
The stock market today: He Skilled The stock market is starting a short trading week after a very volatile one. With the recent events of the weekend, this upcoming shortened week is expected to be just as eventful. But will Hindenburg’s new allegations against the SEBI chief affect the stock market? stock market?
This question is a hot topic of conversation among Indian market enthusiasts. Below are the key aspects to look out for before the market opens.
Key aspects to consider before the stock market opens
Hindenburg Research Report
Hindenburg Research has alleged that SEBI chair Madhabi Puri Buch and her spouse had undisclosed holdings in offshore funds in Bermuda and Mauritius. The couple has denied these allegations, calling them baseless and asserting their financial transparency.
US market performance
U.S. stock markets closed with positive results on Friday. The S&P 500 rose 0.47% to close at 5,344.16 points. The Nasdaq Composite gained 0.51% to close at 16,745.30 points. The Dow Jones Industrial Average gained 51 points, or 0.13%, to close at 39,497.54 points.
Asian markets
Asian markets opened higher after a volatile week. Japan’s Nikkei 225 rose 0.51% to 35,025 points, while South Korea’s Kospi rose 1.24% to 2,588.43 points. Asia’s Dow Jones gained 1.91% to 3,387.54 points. However, China’s Shanghai Composite Index fell 0.27% to 2,862.19 points.
FII and DII data
On August 9, 2024, foreign institutional investors (FIIs) purchased shares worth Rs 406.72 crore, while domestic institutional investors (DIIs) bought shares worth Rs 3,979.59 crore, according to provisional data from the NSE.
US Dollar
The US Dollar Index (DXY), which measures the greenback against a basket of six foreign currencies, was down slightly by 0.01 percent at 103.15 on Monday morning.
Crude oil prices
WTI crude oil was trading at $76.89, up 0.06 percent, while Brent crude was trading at $79.59, down 0.06 percent, early Monday.
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