Gift Nifty, fall in Asian markets to mixed US stocks: Check out key triggers for Indian stock market today
inflation data. Japan’s core inflation rate, excluding those for fresh food, rose 3.3%, official data showed. The inflation rate is marginally higher than May’s figure of 3.2%. However, this was for the 15th straight month that the inflation rate was above the Bank of Japan’s 2% target.
The country’s headline inflation rate in June was also at 3.3% as compared to 3.2% in May. In the US, stocks ended mixed as investors reacted to June quarter earnings from the likes of Tesla, Netflix, Johnson & Johnson, among others. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — 21st July Japan’s Nikkei 225 fell 1.23%, while the Topix dropped 0.52% after the release of inflation data.
South Korea’s Kospi declined 0.88%, and the Kosdaq fell 0.85%. Hong Kong’s Hang Seng index futures were slightly higher at 18,935. Australia’s S&P/ASX 200 was down 0.34%.
Meanwhile, Gift Nifty was trading at 19,868 as compared to Nifty’s Thursday close of 19,979.15, indicating a negative start for the Indian index. US markets ended mixed on Thursday as the S&P 500 and Nasdaq fell, while Dow Jones rose for a ninth straight day as investors reacted to the Q2 corporate earnings. The Dow Jones Industrial Average rose 163.97 points, or 0.5%, to 35,225.18, while the S&P 500 fell 30.85, or 0.7%, at 4,534.87.
The Nasdaq composite dropped 294.71, or 2.1%, at 14,063.31. Among stocks, Tesla shares tumbled 9.7% after the electric-vehicle maker reported a drop in its gross margins to a four-year low in the second-quarter. Moreover, CEO Elon Musk also hinted at more price cuts.
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