Thrilling Stock Market LIVE Updates: India Poised for a Strong Start, GIFT Nifty Signals Surge, Nikkei Soars 1.6%
Stock Market LIVE Updates, October 15, 2024: Indian markets appeared poised for a positive opening on Tuesday, with GIFT Nifty futures trading slightly above the previous close. The Indian benchmark indices, BSE Sensex and Nifty 50, observed significant gains on Monday, supported by robust buying in banking, IT, and financial services sectors. Sensex climbed 591.69 points or 0.73% to 81,973.05, while Nifty 50 increased by 163.70 points or 0.66% to 25,127.95. Broader indices, including Nifty Midcap 100 and Nifty Smallcap 100, rose 0.43% each. Several sectoral indices, notably Bank Nifty and IT, gained over 1%, though Media, Metal, and OMCs ended in the red.
In the Asia-Pacific region, markets were mixed, with China’s Shanghai Composite and CSI 300 both falling by 0.55%, and Hong Kong’s Hang Seng index dropping 0.29%. This decline came despite Chinese media reports suggesting a potential $846.5 billion treasury bond issuance to bolster its economy. South Korea’s trade surplus rose to $6.7 billion in September, helping its Kospi index edge up by 0.08%, while Australia’s S&P/ASX 200 grew 0.75%. Japan’s Nikkei 225 and Topix saw respective increases of 1.1% and 0.8%.
US markets closed higher on Monday, buoyed by technology shares, with the S&P 500 and Dow Jones achieving record highs amid light Columbus Day trading. The Dow increased by 203.14 points, while the S&P 500 and Nasdaq Composite surged by 0.78% and 0.87%, respectively. European shares, ignoring China’s stimulus concerns, reached a two-week high. Crude oil prices slipped as OPEC downgraded its oil demand forecast, while oils imports in China fell for the fifth consecutive month. The dollar index rose against a basket of world currencies, pressuring gold prices slightly downward.
(Information sourced from Reuters)
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