Global markets are suggest Mixed signals, so our Indian markets are likely to start with a “Flat” opening today.
Global stock markets have experienced significant movements. In the U.S., the S&P 500 has risen by approximately 24% this year, reaching an all-time high, driven largely by substantial gains in technology stocks such as Nvidia and Tesla.
* Indian markets showed a slight recovery on Monday after experiencing five consecutive days of decline last week.
* Analysts attribute this pause in the market to oversold positions among index heavyweights.
* Wall Street’s major indexes, including the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average, ended higher, driven by gains in tech stocks and increased trading volumes.
* Qualcomm’s shares rose 3.5% following a favorable jury verdict, while Eli Lilly gained 3.7% after receiving FDA approval for a new weight-loss treatment.
* DAM Capital Advisors IPO is set to finalize share allotment soon, with investors able to check their status via the BSE or registrar’s website.
* The U.S. Federal Reserve is proposing significant changes to annual bank stress tests, allowing banks to comment on models and scenarios used, which is seen as a victory for Wall Street banks.
* These changes aim to enhance transparency and accountability, potentially reducing volatility in capital requirements for banks.
* Oil prices have risen due to positive U.S. economic data and increased oil demand in India, with Brent crude at $72.95 and WTI at $69.53 per barrel.
* Gold prices remained steady as investors anticipate fewer interest rate cuts from the Federal Reserve in 2025, influenced by a benign U.S. inflation reading.
