Indian markets shut, a look at how global indices are performing

The Indian equity market will remain closed today on the occasion of Diwali Balipratipada. Previously, on Monday, the benchmark equity indices ended in red. The NSE Nifty 50 dropped 82 points or 0.42% to settle at 19,443.55, while the BSE Sensex fell 325.58 points or 0.50% to 64,933.87.

“Markets started the week on a feeble note and lost nearly half a percent, tracking weak global cues. After the gap-down start, Nifty traded under pressure in the first hour however resilience in select heavyweights capped the decline as the session progressed. Meanwhile, a mixed trend across the key sectors kept the traders occupied, wherein energy and metal closed higher while IT, FMCG and pharma were among the top losers. Amid all, the broader indices maintained their outperformance as the smallcap index gained over half a percent,” said Ajit Mishra, SVP – Technical Research, Religare Broking .

Global Markets

Asian Markets

Shares in the Asia-Pacific region are trading on a mixed note on Monday morning. The Asia Dow has gained 0.39%, reaching 3,321.94, while the Shanghai Composite, the benchmark Chinese index, is up 0.08% at 3,049.08. Japan’s Nikkei 225 has surged 0.67% to 32,804.62, while Hong Kong’s Hang Seng index is trading down by 0.10% at 17.58.

Wall Street

On Monday, the major indices on Wall Street concluded with a mixed performance, reflecting investor anticipation ahead of a crucial inflation report that may offer some insights about the duration of the US Federal Reserve’s decision to maintain a hawkish stance. The US Consumer Price Index (CPI) data is scheduled to be out today.

The tech-heavy Nasdaq Composite fell 30.37 points or 0.22% to 13,767.74. The S&P 500 slipped 3.69 points or 0.08% to 4,411.55, while the Dow Jones Industrial Average added 54.77 points or 0.16% to 34,337.87. The major US stock indices had rebounded so far this month, fueled by a stronger-than-expected earnings season and hopes that US interest rates are near their peak, reported Reuters.

European Markets

The major European indices ended higher on Monday. The pan-European index Stoxx 600 climbed 0.75% to 446.62, London’s premier index FTSE 100 rose 0.89% to 7,425.83, Germany’s blue-chip index DAX gained 0.73% to 15,345, Italy’s benchmark FTSEMIB soared 1.48% to 28,925, and Spain’s key stock market indicator IBEX 35 surged 0.96% to 9,461.70.