US markets fall as growth stocks drag; GIFT Nifty in the red

The European markets stood positive despite week global cues

The US markets fell on March 13, giving up yesterday’s gains as growth stocks pulled the indices lower. The S&P 500 traded 0.12 percent lower at 5,170.74 and the Nasdaq Composite was down 0.55 percent at 16,175.44. However, the Dow Jones Industrial Average traded 0.38 percent higher at 39,154.94. The GIFT Nifty followed the negative movements and traded 0.34 percent lower at 22,021.00.

The European markets stood positive despite week global cues, and the FTSE traded 0.37 percent higher at 7,776.13. The DAX traded flat-to-positive at 17,981.83 at 9:15 pm IST and the CAC was up 0.74 percent at 8,147.55.

Earlier during the day, the Nikkei traded 0.26 percent lower at 38,695.97 amid worries of Japan ending its easy monetary policy and then raising interest rates. Investors believe that the end to the current negative interest rate policy will come to an end during the Bank of Japan’s policy meeting, which is due next week. The Hang Seng tumbled down from its bullish run of the last session and ended flat-to-negative at 17,082.11.

The Indian indices also ended in the red owing to selling across various sectors. The Sensex was down 1.23 percent at 72,761.89, and the Nifty was down 1.51 percent at 21,997.70.

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DIIs net purchased Rs 9,039.72 crore while the FIIs/FPIs net sold Rs 4,595.06 crore.

Crude continued to increase for a second day and was up 2.10 percent at $ 79.19 per barrell. Brent also traded nearly 2 percent higher at $83.53 per barrell.