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Stock Market Today: Top 10 things to know before the market opens today
Stock Market News: The market is expected to open in the red as trends in the SGX Nifty indicate a negative opening for the broader index in India with a loss of 47 points. Stay tuned to Moneycontrol to find out what happens in the currency and equity markets today. The Dow Jones Industrial Average rose 199.37 points, or 0.59 percent, to 33,745.69, the S&P 500 gained 18.78 points, or 0.48 percent, to 3,965.34 and the Nasdaq Composite added 1.11 points, or 0.01 percent, to 11,146.06. An impending global slowdown or even a recession in a few advanced nations as early as the end of 2022 or early next year is likely to make the situation worse. RBI staff see downside risk to GDP growth forecast of 6.3% for Q2 Reserve Bank of India (RBI) staff see downside risk to the central bank's GDP forecast for the July-September period, with one of their models estimating a 20 basis points drop in growth at 6.1 percent. Existing home sales dropped 5.9 percent to a seasonally adjusted annual rate of 4.43 million units last month. Source - Money Control #stockmarket #market #gdp #sensex
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