Gift Nifty trades flat, Asian markets mixed; Check out key global cues for Indian stock market
Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — 18th July Japan’s Nikkei 225 rose 0.81% and the Topix gained 0.76%. South Korea’s Kospi eased marginally, while the Kosdaq rose 0.76%. Hong Kong’s Hang Seng index futures were around 35 points higher at 19,450.
Australia’s S&P/ASX 200 was down 0.25%. Meanwhile, Gift Nifty was trading flat at 19,789.50, as compared to Nifty’s Monday close of 19,711.45, indicating a positive start for the Indian benchmark equity index. US stock indices ended higher led by gains in financial and technology shares ahead of earnings from big companies.
The Dow Jones Industrial Average rose 76.32 points, or 0.22%, to 34,585.35, while the S&P 500 gained 17.37 points, or 0.39%, to 4,522.79. The Nasdaq Composite ended 131.25 points, or 0.93%, higher at 14,244.95. Among stocks, Tesla rallied 3.20% after the company built its first Cybertruck, while Ford Motor declined 5.94% after the automaker cut the price of its F-150 Lightning trucks.
General Motors fell 3.13%, while Rivian dropped 3.34%. Read here: Ford cuts prices for F-150 Lightning EVs by thousands of dollars Apple shares gained 1.73% after Morgan Stanley raised its target price on the iPhone maker to $220 from $190. Activision Blizzard rose 3.49%, AT&T cracked 6.69% to a 30-year low and Verizon shares dropped 7.50% to their lowest intraday level in nearly 13 years.
European shares declined, with the pan-European STOXX 600 index closing 0.6% lower. Britain’s FTSE 100 fell 0.4% to 7,406.42, while Germany’s DAX declined 0.2% to 16,068.65. France’s CAC 40 dropped 1.1% to 7,291.66. Richemont , the world's second-biggest luxury firm, tanked 10.4% on weaker organic sales growth.
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