US market has seen a boom. However, gift Nifty indicated a sluggish to slight weakness after overnight boom in US markets. US President donald trump has announced that he will not remove the Chairman of the Federal Reserve. Apart from this, Wall Street is also seeing a boom due to expectations of reduction in tariffs on China. Earlier on Wednesday, NSE Nifty-50 closed at 24,329, up 182 points i.e. 0.67%, while BSE Sensex traded at 80,117, up 521 points i.e. 0.65%.
Asian Market
If we talk about Asian markets, the US stock market has seen a boom due to positive signals. Japan's Nikkei 225 saw a gain of 0.96 percent and reached 35,204. However, South Korea's Kospi fell by 0.55 percent and came down to 2,511.83. While Hong Kong's Hang Seng index traded at 22,072. China's index shanghai Composite was trading at 3,296.
American market
The US stock market is in positive hope due to signs of easing of trade tensions between the US and China. Apart from this, President trump has said that he has no intention of removing Federal Chief Jerome Powell. After this positive trend, the Dow Jones Industrial Average rose 419.59 points or 1.07 percent to reach 39,606.57.
The S&P 500 saw a rise of about 1.67 percent and came to 5,375.86. While the Nasdaq Composite closed 2.50 percent higher at 16,708.05.
US Dollar
The US Dollar Index (DXY), which measures the value of the dollar against a basket of six foreign currencies, fell 0.11 per cent to 99.77 on thursday morning. The index determines whether the dollar has weakened or strengthened against major currencies. These six currencies include the british Pound, Euro, Swedish Krona, Japanese Yen, swiss Franc, etc. On april 23, the rupee fell 0.25 per cent to 85.42.
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