Global Market: The main reason for this decline in the global market is the closure of Silicon Valley Bank, America’s 16th largest bank. Earlier on Friday, the main index of the Indian stock market Sensex fell 671 points to close at 59,135.13.
Global Market: from around the world Stock marketsGetting negative signals from Asian markets are witnessing a sharp decline. Hong Kong’s Hang Seng is trading at the 19300 level after slipping 3%. Similarly, Japan’s Nikkei and Korea’s Kospi fell more than 1%. Earlier in the US markets, the Dow, Nasdaq closed down 1.7%. America’s 16th largest bank is the main reason for this decline in the global market Silicon Valley Bankis closed. Earlier on Friday, the main index of the Indian stock market Sensex fell 671 points to close at 59,135.13.
Equity benchmark indices fell 1 percent for the second day in a row on March 10 after turmoil in the US banking space could lead to weakness in global peers. Equity markets were hit hardest by the sell-off in banking and financial services. Some metal, auto and technology stocks were also under pressure.
Global Markets Latest Position (Updated on 13-03-2023, 07.25 AM)
|Small Cap 2000||1,772.70||1,821.68||1,756.82||-2.95%||-53.88|
|S&P 500 VIX||24.8||28.97||21.79||0.00%||0|
|TR Canada 50||327.99||333.18||327.5||-1.56%||-5.19|
|Euro Stoxx 50||4,229.53||4,256.43||4,190.98||-1.32%||-56.59|
|Tadawul All Share||10,383.82||10,451.80||10,358.73||-0.76%||-79.36|
|DJ New Zealand||314.21||317.99||312.52||-1.01%||-3.21|
Global commodity market conditions
- Gold to 5-week high, silver up 1.3%
- Brent crude crosses $83, WTI crude near $77
- The dollar index fell to support at a 3-week low
Business of last session
The last trading day of the week was extremely disappointing for the Indian stock market. Heavy selling was seen by investors. Banking stocks were the biggest losers. At the end of this business, the BSE Sensex fell 671 points to 59,135 and the National Stock Exchange Nifty fell 176 points to close at 17,412 points. Even though the stock market has seen a decline for two days, Adani Group shares continued to rise. On Friday, the last day of the week, four shares of the group appeared in the upper circuit again.