Gift Nifty, Asian markets to rising crude oil prices - key triggers for Indian stock market today
Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — 1st August Japan’s Nikkei 225 gained 0.15%, while the Topix was flat. South Korea’s Kospi rose 0.66% and the Kosdaq added 0.48%. Hong Kong’s Hang Seng index futures traded around 270 points higher at 20,348, hinting a stronger open.
Australia’s S&P/ASX 200 rose 0.35% ahead of the Reserve Bank of Australia’s rate decision. Meanwhile, Gift Nifty was trading around 19,890 as compared to Nifty’s previous close of 19,753.80, indicating a positive start for the Indian benchmark index. US stocks edged higher on Monday on upbeat corporate earnings reports.
The S&P 500 rose 6.73 points, or 0.1%, to 4,588.96, while the Dow Jones Industrial Average climbed 100.24 points, or 0.3%, to 35,559.53. The Nasdaq composite ended 29.37 points, or 0.2%, higher at 13,346.02. Among stocks, SoFi Technologies rallied 19.9% after reporting better-than-expected quarterly revenue, while Adobe surged 3.3% after Morgan Stanley raised its rating to “overweight" on the company.
Shares of ON Semiconductor gained 2.5%, while Tempur Sealy International fell 3%. European stocks gained led by rise in healthcare shares and on easing eurozone inflation in July. The pan-European benchmark STOXX 600 rose 0.1%.
Britain’s FTSE 100 rose 0.07% to 7,699.41, while Germany’s DAX fell 0.14% to 16,446.83. France’s CAC 40 added 0.29% at 7,497.78. Crude oil prices steadied after reaching a fresh three-month high on signs of tightening global supply and rising demand through the rest of this year.
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