Stock Market: Nikkei 225 in recovery mode, India and other Asian markets also up along with Japan
Stock Market: Today almost all the markets of the global market are trading in recovery mode. On Monday, there was a huge sell-off in the global market. Nikkei 225 and Topix fell by more than 12 percent. The Indian stock market also fell by 2 percent. Today, along with the Japanese stock, the Indian stock market is also seeing a rise.
The huge fall in the Japanese stock market on Monday affected the rest of the Asian markets. This fall came due to the sell-off in the US stock market on Friday. There was a huge sell-off in the Indian stock market as well due to a lack of good signals from the global market.
If we talk about the market movement today, then today very good signals are being received from the global market. Along with the Japanese stock, the Australian stock market is also trading with gains.
Recovery has been seen in the Japanese stock in Tuesday's trading session. On Monday, Nikkei 225 and Topix fell by 12 percent. Japan's stock market is recovering from yesterday's decline. Apart from the Japanese market, Asian markets are also trading with gains.
Nikkei 225 has seen the biggest decline on August 5. This decline is similar to the year 1987. The decline of 1987 and August 5 can be called the Black Monday crash. Today both Nikkei 225 and Topex are in recovery mode. Topex had gained 10 percent in early trade. Whereas on Monday Topex's profit was reduced by 8 percent.
All the big trading houses of Japan saw a great jump. On Tuesday, the trading house saw a rebound of more than 8 percent. In this, Marubeni rose by 13 percent and SoftBank Group Corp. rose by more than 10 percent.
Yen is trading at 145.07 with a decline of more than 0.62 percent against the US dollar.
The global market fell due to the report from America. This report said that there are fewer jobs in America than expected. Apart from this, there is also a possibility of a recession in America. After both these news, there was selling in all the markets globally.
Apart from this, the prices of crude oil have also increased. Brent crude is trading at $ 77.56 per barrel, up 1.65 percent. At the same time, US West Texas Intermediate crude is trading at $ 74.30, up 1.86 percent.
Today, Sensex and Nifty have also seen a great rise. Sensex is trading at 79,663.03 points, up 903.63 points or 1.15 percent. Nifty is also trading at 24,055.60 points, up 662.10 points or 2.68 percent.
