Power Breakfast: Mixed cues from Global Market, Dow closed down 100 points, Buying is being seen in SGX Nifty
Zee Business Video Team | Updated: May 13, 2022 09:44 am
The mood of global market has improved slightly during Thursday's trading session. There has been a mixed closing in the US markets amid heavy volatility. The Dow Jones closed with a red mark for the fourth consecutive day, down 100 points, although the Dow has improved by 500 points from the day's low. Apart from this, Nasdaq has also improved 2% and closed with a slight gain. Buying has been seen in smallcap stocks. At the same time, US FED chairman Powell has expressed concern over inflation. The Fed will have to adopt aggressive methods to control inflation. Apart from this, a decline of 0.5-1.5% has been seen in the European markets. Talking about the Asian market, buying is being seen here. SGX Nifty is up by more than 150 points and this index is trading with green mark.
