Indian market may open with decline on Monday:Gift Nifty weakens by 150 points; South Korea’s Kospi crashes 8%

Due to the Muharram holiday, Indian stock markets are closed today on June 26. However, due to weakness in global markets, they may open with a decline on Monday. Today, South Korea’s Kospi market is down 8% and Gift Nifty has fallen by more than 150 points. Earlier, on Thursday, Indian markets had closed with marginal gains amid volatile trading. Sensex closed at 77,100 with a gain of 109 points (0.14%) and Nifty closed at 24,056, up 34 points (0.14%). Sensex had fallen 703 points from its day high. Foreign investors sold shares worth more than ₹2,000 crore in 7 days On June 25, Foreign Institutional Investors (FIIs) made a net purchase of ₹384 crore from Indian markets. Meanwhile, Domestic Institutional Investors (DIIs) also made a net purchase of ₹5,748 crore. Looking at the total figures for this year, FIIs have been net sellers of approximately ₹3.46 lakh crore so far, while DIIs have made purchases worth ₹4.57 lakh crore. Note: Net purchase/sale figures of FIIs and DIIs are in crore rupees. Asian Markets: Kospi Crashed 8%, Nikkei Also Down 5% Global markets saw a sell-off in tech shares due to growing concerns over heavy spending on AI infrastructure. South Korea’s benchmark index Kospi crashed by up to 8%. Additionally, Japan’s Nikkei index fell by about 3%. Hong Kong’s Hang Seng is also down. Mixed trading in US markets, Apple shares crashed 6% Although the Dow Jones gained 0.14%, the tech-heavy Nasdaq Composite closed down 0.46%. Shares of major tech companies like NVIDIA, Microsoft, and Alphabet declined. Apple suffered the most, with its shares plummeting 6%. The company has announced price increases for iPads and MacBooks to offset the rising costs of memory and storage chips. This decline reduced Apple’s market value by approximately $250 billion. Its market cap now stands at $4.04 trillion. However, there were some positive signals from the semiconductor sector. Micron Technology’s shares surged 16% after its quarterly results exceeded expectations. Along with this, SanDisk jumped 22%. Companies like Qualcomm, Western Digital, and Seagate also posted gains. Inflation will decrease due to fall in crude oil prices Crude oil prices are declining due to easing supply concerns and the resumption of normal tanker movement through the Strait of Hormuz. Brent Crude has fallen 2% to around $74 per barrel, while WTI Crude is trading near $70 per barrel. Despite a slight uptick following an attack on a cargo ship near Oman on Thursday, crude oil prices have declined. This reduction in crude oil prices will help countries like India, which import large quantities of oil, in reducing inflation. Knowledge Part: