Sensex Today: Indian benchmark indices BSE Sensex and Nifty 50 were off to a strong start on Friday
Sensex Today: Indian benchmark indices BSE Sensex and Nifty 50 were off to a strong start on Friday, following strong Q2 GDP numbers in the US overnight.
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Global Cues
That apart, in the US, the Dow reached a fresh record high close, and the S&P 500 finished just below its July record close, while the Nasdaq dropped. The Dow Jones Industrial Average rose 0.59 per cent to 41,335.05, the S&P 500 was flat at 5,591.96 and the Nasdaq Composite lost 0.23 per cent to close at 17,516.43.
European stocks rose 0.76 per cent after hitting a record high powered by technology shares. MSCI’s gauge of stocks across the globe rose 0.04 per cent to 827.62.
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Elsewhere, Asia-Pacific markets climbed on Friday after economic data from the US calmed recessionary fears, while investors also assessed a slew of data from Japan.
Inflation rate in Japan’s capital city of Tokyo rose to 2.6 per cent from June’s 2.2 per cent, hitting its highest since March.
The core inflation rate—which strips out prices of fresh food—rose 2.4 per cent, higher than the 2.2 per cent expected from a Reuters poll of economists.
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Meanwhile, Japan’s Nikkei 225 was up marginally, and the Topix was 0.23 per cent higher after the data release in the country.
South Korea’s Kospi gained 0.55 per cent in early trade, while the small-cap Kosdaq was 0.74 per cent higher. Australia’s S&P/ASX 200 rose 0.46 per cent, and Hong Kong’s Hang Seng index futures were at 17,741, lower than the HSI’s last close of 17,786.32.
