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US markets retreat from record highs; GIFT Nifty trades flat-to-positive

US markets hit pause to bullish run, GIFT Nifty trades higher, Asian markets end positive while European markets trade in the red.

March 05, 2024 / 00:29 IST
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Global Markets Outlook

The US markets retreated from their record highs to trade in the red on March 04.

At 20:30 IST, the S&P 500 traded flat-to-negative at 5,132.32 while the Nasdaq Composite was 0.19 percent down at 16,247.60. The Dow Jones Industrial Average traded marginally lower at 39,009.27.

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The US markets took a breather from the past week’s bullish run during today’s trading session. The GIFT Nifty, however, traded flat-to-positive at 22,507.00.

Previously, the Indian indices once again ended higher after a record high run. The Nifty ended 0.12 percent higher at 22,405.60 and the Sensex surged 0.09 percent higher at 73,872.29. DIIs net purchased Rs 3,542.87 crores while the FIIs/FPIs net sold Rs 564.06 crores.