US markets edge higher; GIFT Nifty flat-to-negative

Global Markets Outlook

The US markets opened higher on March 27 after a three-day losing streak. The S&P 500 was up 0.24 percent higher at 5,216.09 and the Dow Jones Industrial Average traded 0.56 percent higher at 39,502.61. However, the Nasdaq Composite traded flat-to-negative at 16,311.69.

CNBC TV18 reported that ‘Later this week, investors will watch for data on jobless claims, gross domestic product and consumer sentiment on Thursday. While the market is closed on Good Friday, attention will be on releases tied to personal income, consumer spending and the personal consumption expenditures expected in the morning’.

The GIFT Nifty also declined 0.05 percent to 22,169.50.

The European markets traded positive owing to strong economic sentiment in the European Union. The FTSE was up 0.03 percent at 7,933.64 and the CAC traded 0.52 percent higher at 8,227.06. DAX was also up 0.66 percent at 18,504.95.

Earlier during the day, the Asian indices traded mixed with the Nikkei closing nearly a percent higher at 40,762.73. On the other hand, the Hang Seng declined 1.36 percent to 16,392.84.

Also read: US: Applying Sahm recession rule to individual states is a mistake

The Indian indices ended positive with the Nifty up 0.54 percent to 22,123.65. Sensex also ended 0.73 percent higher at 72,996.31.

DIIs net purchased Rs 1,197.61 crore and the FIIs/FPIs net purchased Rs 2,170.32 crore.

Crude continued its decline for a second day and was down 0.18 percent at 81.47. Brent also traded 0.26 percent lower at 86.03.