Sensex Today | Sensex Today Live Updates: Indian markets to consolidate amid firm global cues
Reliance Industries, ICICI Bank, HUL, Paytm, are among the stocks that will be in focus todayBenchmark indexes rose in Japan, South Korea and Australia. TSMC jumped more than 5% in Taiwan after its American depository receipts surged almost 10% to close at the highest since February 2022.Shares in mainland China declined after making a late turnaround on Thursday.
Contracts for US equities were little changed in Asia trading.Stocks in Europe are ending a tumultuous week on a positive note as the regional benchmark gained for a second day after a selloff sparked by dwindling hopes for early interest rate cuts. The Stoxx Europe 600 index climbed 0.4% at the open, with food and beverages leading a broad rally.Wall Street ended the week on a positive note, with stocks closing at all-time highs on speculation the Federal Reserve will start cutting rates this year — bolstering the outlook for Corporate America.The S&P 500 posted a record high close on Friday for the first time in two years, fuelled by a rally in chipmakers and other heavyweight technology stocks on optimism around artificial intelligence.
On Friday, the S&P 500 jumped 1.23% to end the session at 4,839.81 points.The Nasdaq jumped 1.70% to 15,310.97 points, while Dow Jones Industrial Average rose 1.05% to 37,863.80 points.Treasuries and the dollar slipped after frenetic repricing earlier in the week of the outlook for Federal Reserve interest-rate policy. Traders now see the prospect of a rate cut in March at little more than a coin toss.Fed Bank of Atlanta President Raphael Bostic urged policymakers to proceed cautiously given the potential impacts of unpredictable events from elections to global conflicts.
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