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Sensex Today | Share Market Live Updates: Domestic benchmark equity indices, Senex and Nifty, are expected to open higher on Friday tracking Gift Nifty.
On Thursday, Indian indices ended sharply lower amid monthly F&O expiry, extending losses for the fifth session in a row. The Sensex plunged 617.30 points to close at 73,885.60, while the Nifty 50 settled 216.05 points, or 0.95%, lower at 22,488.65.
Asian stocks climbed on Friday, as the latest round of US economic data indicated a slowing momentum, strengthening the argument for the Federal Reserve to start cutting interest rates this year.
Australian and Japanese shares saw gains, while equity futures in Hong Kong pointed to an early rise. Conversely, US share contracts slipped after Dell Technologies Inc. experienced a post-market decline due to an underwhelming revenue increase. The Golden Dragon Index, which tracks Chinese stocks listed on the Nasdaq, rose over 1% on Thursday.
Wall Street traders saw stocks decline on Friday after the latest round of economic data signaled a slowdown in momentum.
The S&P 500 dropped to around 5,230. The Nasdaq 100 fell 1%.
Sensex Today Live: China’s factory activity contracts in May, posing risk to economic growth targets
China’s factory activity unexpectedly contracted in May, signaling trouble in the sector Beijing relies on most to drive economic growth.
The official manufacturing purchasing manager index fell to 49.5 in May, according to the National Bureau of Statistics, down from 50.4 in April and below the 50.5 forecast in Bloomberg’s economist survey.
Sensex Today Live: Oil prices decline for third day amid oversupply concerns ahead of OPEC Meeting
Oil prices fell for a third consecutive day as a key market indicator highlighted oversupply concerns ahead of the OPEC supply meeting on Sunday.
Brent crude for August maintained was near $82 after a 1.9% drop on Thursday, while West Texas Intermediate traded below $78 a barrel, with both benchmarks heading for a monthly decline.
Sensex Today Live: US dollar under pressure as GDP revision sparks rate cut speculation
The dollar was recovering against peer currencies on Friday after a downward revision to U.S. GDP for the first quarter suggested potential for rate cuts this year, while investors awaited upcoming inflation data.
The dollar index, which measures the currency against six major peers, consolidated around 104.82 after dipping as low as 104.63 overnight.
Official data released overnight showed the U.S. economy grew at an annualized rate of 1.3% from January through March, down from the advance estimate of 1.6% due to downward revisions to consumer spending.
Sensex Today Live: Asian markets climb on hopes of Fed rate cuts; US indices settle lower
Asian stocks climbed on Friday, as the latest round of US economic data indicated a slowing momentum, strengthening the argument for the Federal Reserve to start cutting interest rates this year.
Australian and Japanese shares saw gains, while equity futures in Hong Kong pointed to an early rise.
Wall Street traders sent stocks down on Friday after the latest round of economic data signaled a slowdown in momentum.
The S&P 500 dropped to around 5,230. The Nasdaq 100 fell 1%.