Sensex Today Live | Share Market updates: The GIFT Nifty, up 44.5 points at 19,359.0, indicates a mildly positive start for Indian indices.
Indian markets were largely changed on Tuesday due to persistent concerns over U.S. interest rates and China’s economic health. Mid-cap and small-cap indexes, however, surged.
The Nifty50 and Sensex rose 0.01% each to end at 19,396.45 and 65,220.03, respectively, as a slide in heavyweight IT and financials stocks offset gains in other sectors.
Investors are looking for more hints on the outlook for interest rates from policy makers when Federal Reserve officials and policy makers from the European Central Bank, the Bank of England and the Bank of Japan head to Jackson Hole, Wyoming, for their annual central bank conference later this week.
Share market LIVE updates: Asia trades mixed as Wall Street stocks closed flat
Asian markets traded on a mixed note on Wednesday as investors assess private business activity surveys from Australia and Japan, as well as inflation figures from Singapore. A flat end on the Wall Street also weighed on sentiment.
Traders are now awaiting Nvidia Corp.’s results later Wednesday, which are set to test the fervor around the artificial-intelligence hype, while wider markets are marking time ahead of a speech from Federal Reserve Chair Jerome Powell on Friday.
MSCI’s broadest index of Asia-Pacific shares outside Japan were up 0.1%, hovering not far away from its nine-month trough hit just two sessions ago. Japan’s Nikkei rose a meagre 0.2%.
A comeback rally in global stocks fizzled on Tuesday as benchmark Treasury yields hit a near 16-year high on concerns that interest rates could stay higher for longer, which kept the safe-haven dollar firm near 10-week highs.
The MSCI All Country stock index gave up earlier gains to finish flat, pulling further from Friday’s 2-1/2 month trough.
Overnight, the S&P 500 lost 0.28%, the Dow Jones Industrial Average fell 0.51%, and the Nasdaq Composite Index was little changed.
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