Indications from the global market are looking positive. Asia has got off to a strong start. SGX NIFTY is trading up quarter percent. The strength of 70 points has been seen in DOW FUTURES. However, the US markets closed weak yesterday.
Meanwhile, there is a sharp jump in crude oil. The price of Brent has reached $82. Kazakhstan crisis and supply problems from Libya are being seen. The OPEC+ countries are looking at the situation in Kazakhstan. Kazakhstan produces 1.6 million/barrel. Libya’s production of about 5 lakh/barrel oil has decreased. Productivity has declined due to pipeline maintenance and oilfield closures.
Meanwhile, mixed trading is being seen in Asian markets today. SGX NIFTY is showing a gain of 0.09 points. At the same time, Nikkei is seeing a fall of 0.33 percent around 28,395.24. At the same time, Strait Times is showing a gain of 0.38 percent. Taiwan’s market is trading at the level of 18,203.67, down 0.89 percent. Whereas Hang Seng is seen with an increase of 0.62 percent at the level of 23,216.08. At the same time, an increase of 0.79 percent is being seen in Kospi. The Shanghai Composite is seeing a gain of 0.34 percent at 3,598.17.