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Mumbai13 minutes ago
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A steady decline in Corona cases and a new relief package in the US led to record gains in the stock markets around the world. Also, there has been a positive impact of vaccination. On the other hand due to tensions in the Middle East, crude oil prices have reached a 13-month high.
Record increase due to new relief package
Corona relief package is the main reason for the boom in US stock market. An amount of $ 1.9 trillion will be released under this. At the same time, positive growth has also been affected in economic activity. As a result, the index measuring volatility in Wall Street has reached a one-year low. This led to a 0.3% gain in the MSCI index on Monday. This index measures the position of shares around the world.
Japan’s Nikkei index breaks 30-year record
In the US markets, the effect of growth was mostly on the stock markets. Britain’s FTSE 100 index was trading up 1.8% on Monday. Japan’s Nikkei index rose 1.9% in Asian markets, crossing the 30,000 mark mark for the first time in 30 years. While China and Hong Kong’s stock market lunar closed on the occasion of New Year.
Record rally continues in domestic market, Sensex crosses 52 thousand for the first time
Indian stock markets are also trading at record levels. The BSE Sensex index crossed the 52 thousand mark for the first time on 15 February. The market cap of listed companies has also crossed Rs 205 lakh crore. The Indian market is second in terms of returns and the 7th largest market in terms of market cap. The market continues to rally due to a positive budget and better-than-expected quarterly results. Most market analysts believe that in the coming week, the move of global markets will decide the direction of the domestic market.
Crude oil reaches 13-month high due to tensions in Middle East
The price of crude oil is continuously rising upwards. Brent crude is currently up 1.3% at $ 63.24 a barrel. US crude oil is also up 1.9% at $ 60.58 a barrel. The main reason for the rise in crude oil is the recovery in large economies. Because it has increased fuel demand. In addition, tensions between Saudi Arabia and Iran in the Middle East are also affected.