Gift Nifty, mixed trend in Asian markets to a fall in US stocks - key triggers for Indian stock market today
jobless benefits increased slightly last week, while layoffs dropped to an 11-month low in July, labor department report showed. A separate report showed that the US services sector slowed in July. Investors will now focus on the jobs report for July that is due on Friday.
Japan’s Nikkei 225 fell 0.47% and the Topix declined 0.45%. South Korea’s Kospi gained 0.26%, while the Kosdaq rose 0.19%. Hong Kong’s Hang Seng index futures were trading around 280 points higher at 19,698.
Australia’s S&P/ASX 200 opened marginally lower. Meanwhile, Gift Nifty was trading 32.50 points, or 0.17%, higher at 19,484.00, indicating a positive start for the Indian benchmark indices. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — 4th August US stocks ended marginally lower on Thursday amid surge in treasury yields after the release of latest economic data.
The Dow Jones Industrial Average fell 75.07 points, or 0.21%, to 35,207.45, while the S&P 500 declined 12.37 points, or 0.27%, to 4,501.02 points. The Nasdaq Composite ended 13.73 points, or 0.11%, lower at 13,957.99. Among stocks, Apple shares eased in extended trade after the iPhone maker’s quarterly results beat forecasts.
Shares of Qualcomm tumbled 8.2% after it reported weaker revenue than expected, while Clorox climbed 9% on stronger than expected profit and revenue. PayPal Holdings crashed 12.3%. European markets ended lower, with the pan-European STOXX 600 index falling 0.6%.
Britain’s FTSE 100 declined 0.4% at 7,529.16, while Germany’s DAX dropped 0.8% at 15,893.38. France’s CAC 40 fell 0.7% at 7,260.53. Shares of German chipmaker Infineon sank 9.3% after its fourth quarter revenue forecast was below market expectations.
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