Stock Market Updates: GIFT Nifty Hints At Flat Start For Sensex, Nifty; S&P, Nasdaq Hit Record Highs
Benchmark indices Sensex and Nifty are expected to take cues from progress on the India-US trade deal, key US economic data
Sensex Today: Benchmark indices Sensex and Nifty are expected to take cues from progress on the India-US trade deal, key US economic data releases, India's forex reserves for the week ended June 27, institutional investment trends, ongoing primary market activity, and mixed global signals.
Asia-Pacific markets were mixed on Friday, following gains on Wall Street after a stronger-than-expected US jobs report helped ease investor concerns about a potential economic slowdown. The non-farm payrolls rose by 147,000 in June, above economists' forecast of 110,000, according to Reuters.
At the last count, Nikkei was up 0.17 per cent, while the broader Topix index inched up 0.23 per cent. Kospi slipped 0.47 per cent, while ASX 200 rose 0.19 per cent. Overnight in the US, stocks rallied as the latest jobs data surpassed expectations.
The S&P 500 and Nasdaq Composite both closed at record highs. The Dow Jones Industrial Average gained 344.11 points, or 0.77 per cent, to finish at 44,828.53. The S&P 500 rose 0.83 per cent to 6,279.35, while the Nasdaq jumped 1.02 per cent to 20,601.10.
US markets will remain closed on Friday in observance of the Independence Day holiday.
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