GIFT is trading with a rise of more than 100 points in Nifty. Asia is doing MIXED work. An increase was also seen in Dow futures. The dollar index has also cooled down a bit. Yesterday the US markets saw a spectacular recovery from low levels. American markets closed mixed yesterday. Dow Jones saw a rise of 350 points. Yesterday Nasdaq closed with a decline. The Nasdaq recovered 300 points from lower levels. US wholesale inflation figures will come today. Whereas US retail inflation figures will come tomorrow. The market expects a decline in inflation rate. Rates are expected to be cut when inflation falls. The dollar crossed the 110 level yesterday. Crossed 110 after October 31, 2022.
How will the quarterly results be?
Like Q3, analysts have also reduced their estimates in Q4. The results of big American banks will come this week. JP Morgan, Goldman Sachs also included the results.Verdense Capital said that the market is still optimistic about the earnings. The pace of development will slow down in 2025. BoA
HSBC on the market
Light buying is expected in the market. Some bad news can also be good. The market is keeping an eye on macro economic data. There will be opportunities to buy risky assets.
Asian market
Meanwhile, mixed business is being seen in Asian markets today. GIFT NIFTY is showing a gain of 100 points. At the same time, Nikkei is seen falling by about 2.21 percent at around 38,342.15. At the same time, Strait Times is showing a weakness of 0.07 percent. Taiwan’s market is trading at 22,689.00, up 0.89 percent. Whereas Hang Seng is seen with a gain of 1.40 percent at the level of 19,138.72. At the same time, Kospi is trading with an increase of 0.16 percent. At the same time, Shanghai Composite is showing a rise of 1.72 percent at the level of 3,216.00.