Mumbai7 minutes ago
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The stock market is boom today i.e. June 4. The Sensex is trading at 80,900 levels with a gain of 100 points. At the same time, the Nifty also has a gain of about 50 points. It is trading at the level of 24,600.
Of the 30 shares of Sensex, 22 are rose and 8 decline. Banking, auto and IT stocks are seeing a faster rise. There is a decline in realty shares. Apart from this, the mainboard segment will be listed in the stock market of IPO Skoda Tubes today.
Asian markets also boom
- In Asian markets, Japan’s Nikkei is trading at 37,834 with 387 points (1%) at 37,834 and Korea’s Kopy is trading at 2,766.
- Hong Kong’s Hangseng index is trading at 160 points at 23,672 levels. At the same time, China’s Shanghai Composite is trading at 3,376 with a gain of 14 points.
- On June 3, the US Dow Jones climbed 214 points to close at 42,519. At the same time, Nasdaq Composite climbed 156 points to 19,398 and S&P 500 closed at 5,970.
Reserve Bank’s Monetary Policy Committee meeting will start from today
The Reserve Bank (RBI) Monetary Policy Committee (MPC) meeting will start from today. According to experts, the Monetary Policy Committee can also cut the repo rate by 0.25% this time. That is, loans may be cheap in the coming days.
On June 6, at 10 am, RBI Governor Sanjay Malhotra will give information about the decisions taken in this meeting. There has been a reduction of 0.50% in two meetings held earlier. Due to this, the repo rate has fallen to 6%. MPC consists of 6 members. Of these, 3 are of RBI, while the rest are appointed by the central government.
50% tariff applied on steel and aluminum in America
50% tariff has been implemented in the US from today on imports of steel and aluminum. President Donald Trump has signed the order related to it.
However, he has excluded Britain from this tariff. It will apply only 25% tariffs as before, as talks are already underway between the US and Britain on the trade agreement.
Trump announced on 30 May on 30% on steel and aluminum imports from 25% to 50%.
The market declined yesterday
The stock market declined on June 3. The Sensex fell 636 points to close at 80,737 levels. At the same time, the Nifty also declined by 174 points. It closed at 24,542 levels.
Today, 29 out of 30 shares of Sensex declined and just 1 increased. At the same time, 43 shares of Nifty 50 closed in red mark. Banking, IT and energy stocks declined more.
