Stock Market Today: Top things to know before the market opens today 15-12-22
Stock Market Today:- The SGX Nifty trends suggest a 38-point drop for the broad Indian index's opening day. Stock Market Today Gap Down Open https://stockkafunda.com/indias-retail-inflation-reduces-to-in-november/ The market is anticipated to open down due to patterns in the SGX Nifty, which suggest an opening loss of 38 points for the larger Stock Market Today The Nifty50 increased 52 points to 18,660 and created a Doji-like pattern on the daily charts, signalling indecision among bulls and bears as well as caution on potential market developments. The BSE Sensex increased 145 points to 62,678. Stock Market Today
US Market
Following a policy decision by the Federal Reserve that hiked interest rates by an anticipated 50 basis points, but its economic predictions envision higher rates for a longer duration, US equities ended down in choppy trading on Wednesday. The Nasdaq Composite sank 85.93 points, or 0.76%, to 11,170.89 and the S&P 500 lost 24.33 points or 0.61%. The Dow Jones Industrial Average dropped 142.29 points, or 0.42%, to 33,966.35.
Asian Market
After the US Federal Reserve increased its benchmark interest rate by 50 basis points to the highest level in 15 years, Asia-Pacific markets saw a decline. S&P/ASX 200 decreased by 0.19%. As investors analyse trade statistics from Japan and South Korea, the Nikkei 225 in Japan traded slightly lower. Kospi in South Korea also decreased by 0.44%.
SGX Nifty
Trends in the SGX Nifty suggest a 38-point fall for the broad Indian index's opening session. On the Singaporean market, the Nifty futures were trading at roughly 18,712 levels. https://stockkafunda.com/ipo-landmark-cars-limited-ipo-apply-or-avoid-22/
Top News For Stock Market Today
On December 15 and 16, the government will conduct an offer for sale (OFS) to sell up to a 2.5 per cent share in the Indian Railway Catering and Tourism Corporation (IRCTC). The OFS's share floor price is fixed at Rs. 680. British inflation dropped more than anticipated in November after reaching a 41-year high in October, providing some comfort to the Bank of England as it gets ready to hike interest rates once again and increasing expectations that the price spike has crested. By 11:55 a.m. EDT (1655 GMT), Brent Crude Futures were up $1.88, or 2.3%, to $82.56 per barrel, while US West Texas Intermediate (WTI) Crude Futures were up $1.82 to $77.21. Early on in the session, both contracts increased by more than $2. The Federal Reserve increased its benchmark interest rate for the seventh time this year on Wednesday and hinted at further increases as part of its effort to combat inflation. But at a time when inflation is beginning to ease, the Fed issued a lesser raise than it had in its previous four meetings. The Fed raised its benchmark rate by a half-point, bringing it to its highest level in 15 years between 4.25% and 4.5%. Despite being less drastic than its prior three-quarter point increases, the most recent action will substantially raise the price of many consumer and commercial loans as well as the possibility of a recession.
Stocks to Watch Today (Stock Market Today)
IRCTC:- To reach a challenging divestment objective for FY23, the Central Government would sell up to 5% of the Indian Railway Catering and Tourism Corporation (IRCTC) through an offer for sale (OFS) on the BSE and NSE on December 15 and 16. The floor price has been set at 680 per share, which represents a reduction of more than 7% from the stock's closing price of today, which was 733.50. State Bank of India:-The State Bank of India will raise an extra Rs 10,000 crore in tier 1 (AT1) capital. The SBI board has given the go-ahead to SBI issuing Basel III-compliant debt instruments in INR and/or other convertible currencies to raise capital. The maximum amount that may be raised till FY24 is Rs 10,000 crore. The Government of India must approve this before it can go forward. Wipro:- Capco, a new financial services consultancy firm, has officially begun operations in the Middle East, according to Wipro. Capco, a new financial services consultancy firm, has officially begun operations in the Middle East, according to Wipro. To help financial services companies in the Middle East with their ambitions for company consolidation, digitalization, and transformation, Capco will provide strategic management and technology consulting skills. - Cineline India Ltd - Dilip Buildcon - Shriram Properties - JB Pharma - Dunseri Tea & Industries Ltd - Kamat Hotels - Torrent Pharmaceuticals - Poonawalla Fincorp All Data Help Read For Money Control Read the full article