The US markets extended gains on July 15 ahead of Federal Reserve Chair Jerome Powell’s commentary on interest rate cuts. Earlier during the month, inflation data for June was released, which fuelled hopes for rate cuts in September.
At 9:00pm IST, the S&P 500 rallied 0.8 percent to a fresh all-time high of 5,666.94 and the Nasdaq Composite surged over a percent to 18,591. The Dow Jones Industrial Average also edged 0.75 percent higher to 40,302. Top market gainers included Tesla, Qualcomm, and Apple, which traded between 2 and 6 percent higher. Markets also reacted to the assassination attempt on former President Donald Trump this Saturday and shares of Trump Media jumped over 30 percent.
The GIFT Nifty traded flat at 24,645 after the bullish run of the Indian markets earlier during the day.
Indian indices rallied to fresh highs on Monday owing to the strong performance of PSU stocks. Nifty created a new all-time high of 24,635.05 during intraday trade and ended 0.35 percent higher at 24,586.70. Sensex gained 0.18 percent at 80,664.86.
DIIs net sold Rs 331 crores in Indian equities while the FIIs/FPIs net bought Rs 2,684.78 crores.
The European markets edged lower owing to mixed global cues. FTSE fell 0.85 percent to 8,182.96 and the DAX declined 0.8 percent to 18,600. The CAC tumbled over 1 percent to 7,632.71.
Earlier in the day, Asian indices dragged. Nikkei tumbled 2.45 percent to 41,190.68 and the Hang Seng fell 1.52 percent to 18,015.94.
Crude continued to trade flat for a second session, with WTI at $82.10 and Brent at $85.06.
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