Today, NASDAQ Composite showed a positive bias when it opened on 7,621.36 from its previous close of 7,606.46. Even Wall Street’s major index led by a rally in tech stocks on Monday. It pushed NASDAQ to a record closing high. The positive bias also is seen in S&P 500 and opened at 2,755.71 from its previous close of 2,748.80.
Even when three consecutive sessions, the domestic market opened with positive rise today. The positive sentiment in the global market will surely influence the domestic market in a positive way. The U.S. trade deficit fell to a seventh-month low in April as exports rise to a record high, indicating clear trade disputes b/w the U.S. and China have had a little impact on trade.
Even in commodities, gold futures rose 0.08 percent to $1,303.30 troy ounce while the crude oil futures decreased 0.41 percent to $65.25 a barrel. The MCX Crude Oil has shown a decrement which will ultimately benefit domestic market and nation’s country growth along with other emerging markets.