Global Markets Rally as Tech Giants Soar, Nifty Leads Indian Stocks

Global Markets Rally as Tech Giants Soar, Nifty Leads Indian Stocks

VoM News Desk | February 2, 2024 | 10:21 AM IST | Breaking News | Follow on Google News

Global Markets Rally as Tech Giants Soar, Nifty Leads Indian Stocks

Global Markets Rally as Tech Giants Soar, Nifty Leads Indian Stocks

Stock Markets Open Strongly
Benchmark equity indices showed a robust start on Friday, with the Sensex gaining 576.04 points (0.80%) at 72,221.34 and the Nifty rising by 172.50 points (0.80%) to reach 21,870 at 9:15 am.

Nifty’s Winners and Losers
Adani Ports, BPCL, ICICI Bank, Hero MotoCorp, and SBI Life Insurance emerged as gainers on the Nifty, while Eicher Motors, L&T, Power Grid Corporation, Maruti Suzuki, and Britannia Industries faced losses.

Global Markets React to US Tech Earnings
Asian shares climbed as a rebound in US equities extended into after-hours trading, driven by impressive results from tech giants. Australian and South Korean shares, along with Hong Kong stock contracts, registered gains. Early in Asia, US equity futures also saw advancement after the S&P 500 and Nasdaq 100 rose over 1% on Thursday.

Oil prices faced a more than 2% decline following false market speculation about a Gaza ceasefire. Despite a positive response from Hamas to a ceasefire proposal, oil prices experienced a setback. Brent crude futures dropped by $1.85 to settle at $78.70 a barrel, while U.S. West Texas Intermediate crude futures fell by $2.03 to settle at $73.82.

VoM News Desk

VoM News is an online web portal in jammu Kashmir offers regional, National & global news.