US Benchmarks Eked out Small Gains; but Nifty Likely to Open Lower Today

  • Investing.com
  • Stock Market News
US Benchmarks Eked out Small Gains; but Nifty Likely to Open Lower Today

By Malvika Gurung

Investing.com -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX was trading 0.10% or 19.25 lower at 18,330.80 at 8:20 am on Wednesday, indicating the Indian benchmark indices to open flat today.

Benchmarks for other Asian markets too, started Wednesday’s session on a negative note, possibly due to the global energy crunch and inflation worries. Asia-Pacific stocks outside Japan slipped 0.8% during early trade hours, while Japan's Nikkei was also last found to decline by 0.55%.

On the contrary, US benchmarks were found to close on a positive note, backed by gains recorded in heavyweight technology companies like Tesla Inc (NASDAQ: TSLA ) and NVIDIA Corporation (NASDAQ: NVDA ), among others.

Index S&P 500 touched record high in Tuesday’s session, up 0.54% but closed at 4,574.79, up 0.18%. Additionally, optimistic results from United Parcel Service Inc (NYSE: UPS ) and General Electric (NYSE: GE ) added a positive tone to the market performance.

The Dow Jones Industrial Average touched record high at 35,866.54, but closed at 35,756.88, up 0.04%, while Nasdaq Composite went up to 15,321.44 and closed 0.05% high at 15,235.72.

 

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles