US markets fall for 6th day in a row, S&P 500 down 0.32%; GIFT Nifty up

Global Markets Outlook

US markets continued to fall for a sixth day in a row on April 19, as Israel launched retaliatory against attacks on Iran. At 8:45 pm IST, the S&P 500 fell 0.32 percent to 4,995.02 while Netflix dragged the Nasdaq Composite, which tumbled 1.11 percent to 15,428.61.

The Dow Jones Industrial Average, however, traded positive up 0.42 percent at 37,932.98. Netflix shares fell 8.43 percent to $559.07, after the company announced that it would cease disclosing subscriber additions and average revenue per member rating from 2025 onwards.

The GIFT Nifty traded positive, up 0.32 percent higher at 22,181.50 as Nifty and Sensex edged higher during the day.

European markets traded mixed. The FTSE was up 0.23 percent at 7,894.64 while the DAX traded 0.55 percent lower at 17,793.17. The CAC also traded flat-to-negative at 8,023.02.

Earlier during the day, the Nikkei was pulled deep into the red owing to Middle East tensions and weak performances of chip making stocks. The index ended 2.66 percent lower at 37,068.35. Hang Seng also declined a percent to 16,224.14.

The Indian indices broke their four-day losing streak and ended higher as banks and metals displayed strong performances. Nifty ended 0.69 percent higher at 22,147.00 and the Sensex was up 0.83 percent at 73,088.33.

Also Read: Wipro Q4 results: Net profit falls 8% to Rs 2,835 crore, beats estimates

DIIs net sold Rs 52.20 crore while the FIIs/FPIs net purchased Rs 129.39 crore.

Crude also broke it’s losing streak and edged 0.41 percent higher to $83.07 per barrell. Brent was up 0.20 percent at $87.28.