Stock Market LIVE Updates: GIFT Nifty suggests a positive start; US, Asian markets gain

Trends on GIFT Nifty indicate a positive start for the broader index in India, with a gain of 168 points or 0.69 percent. The Nifty futures were trading around 24,256 level.

#1 Asian markets rise as China vows targeted measures to support industry

#2 GIFT Nifty hints at strong open

#3 US Futures edge lower

#4 Wall Street ended higher on Friday with Nasdaq gaining over a percent

#5 Amazon, Apple, Meta & Microsoft to report earnings this week

#6 Europe markets end higher; FTSE sees best run since 2019

#7 US 10-year yield sheds 5 bps to 4.25%

#8 USD index sees first weekly gain since mid-March

#9 Oil posts weekly fall on tariff worry and rising supplies

#10 Gold dips as dollar rises

Wall Street advanced on Friday, notching weekly gains as investors parsed a spate of earnings and looked for signs of easing tensions in the U.S.-China trade dispute.

The S&P 500 and the Nasdaq were bolstered by gains in the “magnificent seven” group of artificial intelligence-related megacaps, while the blue-chip Dow was more muted.

The Dow Jones Industrial Average rose 20.10 points, or 0.05%, to 40,113.50, the S&P 500 gained 40.44 points, or 0.74%, to 5,525.21 and the Nasdaq Composite gained 216.90 points, or 1.26%, to 17,382.94.

Bears tightened their grip on Dalal Street as the Indian benchmark indices shed more than 0.5 percent as investors remained concerned over India’s response to the terror attack and its consequences.

At close, the Sensex was down 588.90 points or 0.74 percent at 79,212.53, and the Nifty was down 207.35 points or 0.86 percent at 24,039.35.

For the week, BSE Sensex and Nifty added nearly 1 percent each.

Among sectors, except IT, all other indices ended in the red with media, metal, PSU, telecom, power, oil & gas, realty down 2-3 percent.

Broader indices underperformed the main indices with BSE midcap and smallcap indices falling 2.5 percent each.

Axis Bank, Adani Enterprises, Shriram Finance, Adani Ports, Trent were among biggest losers on the Nifty, while gainers included SBI Life Insurance, Infosys, TCS, Tech Mahindra, IndusInd Bank.

The stock market is a device for transferring money from the impatient to the patient