February 18, 2024
Market Update: Indian Indices Open in Green
Finance Stock Markets

Market Update: Indian Indices Open in Green

Market Update: Indian Indices Open in Green/PTI

Market Update: Indian Indices Open in Green

In line with global trends, Indian shares opened on a positive note. The Sensex initiated the trading session with a gain of 582.59 points at 72,006.24, while the Nifty started up 153.35 points at 21,725.15.

Asian shares also experienced gains after US stocks achieved modest increases, reaching fresh record levels. The market’s attention is directed toward Chinese markets and their response to Beijing’s commitment to addressing a stock market decline. Additionally, investors are observing the Bank of Japan’s policy decision.

Japanese equities seem poised for a third consecutive day of gains, while South Korean and Australian markets also witnessed positive movements. Futures for Hong Kong shares suggest a potential 1% increase after Chinese Premier Li Qiang indicated more assertive measures to stabilize the country’s declining stock market.

The global equities index by MSCI rose on Monday, reflecting the positive momentum from Wall Street’s record high last week. Investors are currently assessing strong economic signals and expectations for corporate earnings in the United States. The Federal Reserve’s potential rate cuts and the continued growth of the artificial intelligence sector are factors contributing to the positive sentiment on Wall Street.

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