Share Market Live Updates 12 Sep: Due to the rally in Asian markets and the rise in Wall Street, there can be a lot of excitement in Dalal Street today. Global signals are good for Sensex and Nifty. Because, Asian markets traded with gains. Whereas, the US stock market rose overnight due to the rise in the shares of tech companies.
The US inflation report crushed expectations that the Federal Reserve would cut interest rates by 50 basis points next week. Traders raised their bets for a 25 basis point cut by the Fed to an 85 percent chance from 66 percent on Tuesday, and the probability of a 50 basis point cut fell to 15 percent from 34 percent a day earlier, according to CME Group’s FedWatch tool.
According to Mint, investors will keep an eye on India’s Consumer Price Index (CPI) inflation data for August. Earlier on Wednesday, the Sensex closed down 398.13 points or 0.49 percent at 81,523.16, while the Nifty 50 closed down 122.65 points or 0.49 percent at 24,918.45.
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Asian markets rally: Asian markets traded higher on Thursday following a rally led by tech stocks overnight on Wall Street. Japan’s Nikkei 225 jumped 3 per cent, while the Topix gained 2.48 per cent. South Korea’s Kospi gained 1.2 per cent and the Kosdaq 2.5 per cent.
GIFT Nifty: GIFT Nifty was trading around 25,084 levels, with a premium of around 140 points over the previous close of Nifty futures, which was indicating a positive opening for the Indian stock market indices.
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Wall Street: US stock markets closed higher on Wednesday led by gains in tech stocks. The Dow Jones Industrial Average rose 124.75 points, or 0.31 per cent, to 40,861.71, while the S&P 500 rose 58.61 points, or 1.07 per cent, to 5,554.13. The Nasdaq Composite jumped 369.65 points, or 2.17 per cent, to close at 17,395.53.
