Indian Stock Markets Closed Today: Global Trends and Updates

 

 

Good morning and welcome to the morning reports, Indian stock markets closed Today, 15 August 2023, on account of Independence Day.

 

Asian stock market indexes updates

 

The other Asian stock market indexes are trading mostly higher on Tuesday, as investors are waiting for China’s Industrial Production data and Retails sales figures for July. Japan’s Nikkei is trading higher by 0.84 percent after the country’s second-quarter GDP beat expectations. Japan’s GDP grew at 1.5% on a QoQ basis, and on an annual basis at 6%, this is as compared to the expectation of 0.8% and 3.1% respectively.

South Korea’s Kospi is not trading today due to a public holiday. Shanghai index is trading higher by 0.13 percent while Hang Seng extended its previous session losses, trading lower by 0.56 percent. Other indexes, Straits Times, Taiwan are trading higher at 7.20 am IST.

 

U.S. Stock Market Indexes Update

 

The US stock markets erased early losses and closed higher on Monday. Dow Jones ended slightly higher by 0.07 percent while S&P 500 and tech-heavy Nasdaq gained 0.58 percent and 1.05 percent respectively, as weakness in banks offset the renewed demand in tech stocks. 

The upside was limited and some cautiousness was there in the US markets, as investors are looking ahead to the Retail Sales data before the market opens on Tuesday. Investors are also eagerly waiting for the quarterly results from big retailers like Home Deport on Tuesday, Target on Wednesday, and Walmart on Thursday.

Nvidia shares rallied 7%, as investors bet on recently beaten-down stocks after Morgan Stanley said the recent dip in the chipmaker was a buying opportunity. The big tech stocks like Apple, Microsoft, Google, and Meta also witnessed buying, as the tech stocks corrected heavily last week.

 

European Stock Market Indexes Updates

 

European stock market indexes closed mixed on Monday, as mining stocks fell on China’s slowdown fear, and on the other hand, investors bet on beaten-down stocks after last week’s fall. The pan-European Stoxx 600 index closed 0.1% higher with sectors closed on a mixed note.

Retail stocks led gains followed by financial services. The basic resources and mining sectors sector fell, as investors were concerned about weak consumer demand from China and fear in the property sector.

The share price of Philips gained over 4%  after holding company Exor, announced that it had taken a 15% stake in the Dutch conglomerate. According to German official data, German Wholesale prices fell 2.8% in July.

The key European stock market indexes, CAC and DAX gained 0.12 percent and 0.45 percent while UK’s FTSE was down by 0.23 percent on Monday.

 

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Happy Investing!!

Editorial desk