The US markets extended gains on July 8 as investors await key inflation data including the consumer and producer prices indices data. Earlier this month, the weakening labor market conditions and slower job growth in June revived rate-cut hopes for September.
At 9:15 pm IST, the S&P 500 traded flat-to-positive at 5,571 after hitting a fresh all-time high of 5,583.11 during early intraday trade. The Nasdaq Composite also created a new record high of 18,416.94, driven by the strong performance of Meta, Microsoft, and several chip stocks. However, the Dow Jones Industrial Average shed 0.11 percent to 39,333.
The GIFT Nifty declined marginally to 24,388.50 after the Indian indices traded negative earlier during the day.
Indian markets broke their bullish streak and started the week in red. Nifty ended flat-to-negative at 24,320.55 and the Sensex was down 0.04 percent at 79,960.38.
DIIs net purchased Rs 2,866.79 crores in Indian equities and the FIIs/FPIs net bought Rs 60.98 crores.
The European markets edged lower on Monday as investors reacted to the French election results. CAC declined 0.63 percent to 7,627.45 after the surprise win for the left-wing New Popular Front. The FTSE fell 0.13 percent to 8,193.49, while the Dax traded flat-to-positive at 18,488.68.
Earlier during the day, the Asian indices declined owing to weak global cues. The Nikkei ended 0.32 percent lower at 40,780.70 despite hitting a fresh all-time high of 41,112.24 during intraday trade. The Hang Seng tumbled 1.55 percent to 17,524.06.
Crude snapped its four-day winning streak and edged 1.02 percent lower to $82.31. Brent also declined 0.87 percent to $85.79.
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