US markets hold steady as investors await key PCE data; GIFT Nifty also trades marginally lower

Global Markets

The S&P 500 was trading flat-to-negative at 5,069.61 on February 27 along with the Dow Jones Industrial Average, which edged 0.36 percent lower at 38,929.48 owing to the anticipation of economic data by investors. The Nasdaq Composite was up 0.21 percent at 16,009.52 at 21:30 IST. The GIFT Nifty also traded in the red and was marginally lower at 22,176.00.

Earlier in the day, the Nikkei continued its bullish streak, trading marginally higher at 39,239.52 while the German DAX once again topped the European markets by rising 0.71 percent to 17,548.32. Other European markets were also trading in green with the CAC up 0.29 percent at 7952.92, and the FTSE increased 0.43 percent to 32,700.23

Previously, the Indian markets recovered the last day’s losses and ended higher. The Sensex ended 0.42 percent higher at 73,095.22 while the Nifty ended at 22,198.35, 0.34 percent higher than the previous close despite having faced early losses during intraday trade.

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DIIs net purchased Rs 2,861.56 crore while the FII/FPIs net sold Rs 1,509.16 crore.

Crude continued its rise for the second day, trading nearly a percent higher at 78.32. Brent crude was also up 0.53 percent at $81.53 per barrel at 21:30 IST.