Share Market Update: Counting of votes is going on on 243 seats in Bihar Assembly elections, in which NDA is leading by a huge margin. Meanwhile, a decline was recorded in the Indian stock market. On Friday, the 30-share BSE benchmark index Sensex opened 418 points down at 84060.14, while the 50-share NSE benchmark index Nifty also opened at 25767.90, down 111 points.
The eyes of the entire country are fixed on the results of Bihar elections, which is likely to have an impact on the market today. Talking at the global level, the American stock market fell overnight. Dow and Nasdaq recorded their biggest decline in a month. Let us see what things will affect the market today-
Bihar election result- The results of Bihar elections are going to come today. Counting of votes is going on. The market is focused on the exit poll results. At present, according to the trends of Bihar elections, NDA seems to be leading on 160 seats.
American market- A huge fall was recorded in the American stock market on Thursday. Profit-booking was seen on Wall Street after two record-breaking sessions following the shutdown. Nasdaq Composite fell 2.29 percent and closed at the level of 22,870.36.
Asian market- After the fall in Wall Street, Asian markets also started with a decline in early trading on Friday. Japan’s benchmark Nikkei 225 index fell 1.85 percent, while Topix fell 1.03 percent. South Korea’s Kospi was down 2.29 percent and small-cap Kosdaq was down 1.42 percent.
US dollar- The US Dollar Index (DXY), which measures the strength of the dollar against six major currencies of the world, remained stable at 99.23 on Friday morning.
Crude Oil- Oil prices rose in early trade, but remained in a declining trend for the third consecutive week. There is a possibility of a 1.4 percent decline in prices this week.
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