BSE Sensex and NSE’s Nifty 50 declined for a second straight day on Thursday amid mixed trends in Asian markets. Indian markets are likely to stay volatile as investors turned their focus to corporate earnings beginning next week. US stock futures fell on Thursday after a rare revenue warning from Apple Inc added to worries about slowing global growth. Chinese shares climbed. Japanese markets were closed for holidays but Nikkei futures dropped 1.8%. Oil prices fell by more than one percent on Thursday amid volatile currency and stock markets.
BSE Sensex and NSE’s Nifty 50 declined on Wednesday after starting the year 2019 with gains in the previous session as stocks in Asian markets declined over slowing growth in China. Shares in Hong Kong and China witnessed sharp losses, while stocks traded lower in Australia and South Korea. Oil markets reversed early gains on Wednesday to fall on the back of surging U.S. crude production and concerns of an economic slowdown in 2019.
The Sensex rising nearly 100 points and Nifty 50 trading above 10,850. All financial markets in Asia are closed on Tuesday for a public holiday. US stocks ended the worst year since the financial crisis with a narrow gain. The S&P 500 finished a choppy session higher and the Nasdaq Composite capped its first four-day advance since August amid optimism that President Donald Trump will move toward a trade deal with China. In 2018, the Sensex and Nifty gained 5.91% and 3.15%, respectively, after a blockbuster year for equities last year.
The BSE Sensex and NSE’s Nifty 50 traded higher on the last day of the year, extending gains for a fourth day, as global markets advanced following progress in Us-China trade negotiations. Equities gained in Hong Kong and Australia, along with US stocks futures after Donald Trump said in a tweet that negotiations were “moving along very well” toward a comprehensive deal and Chinese state media cited President Xi Jinping as saying he believed both sides wanted “stable progress.” Oil prices edged higher but remain on track for the first yearly decline in three years amid concerns of a supply glut.
BSE Sensex and NSE’s Nifty 50 advanced on Friday, extending gains for a thrid day, led by banking stocks. An afternoon rally in US stocks also boosted sentiment despite mixed cues from Asian markets. Stocks in Japan fell, while Sydney, Seoul and Hong Kong saw modest gains.
The BSE Sensex rising over 350 points and the Nifty 50 reclaiming 10,800, tracking positive trends in Asian stocks following the biggest rally in US stocks since 2009. The rupee traded marginally lower against the US dollar following a surge in crude oil prices. Shares in banking, metal and IT companies witness heavy gains, while power stocks were under pressure. Shares in Japan surged over 3% and Australian shares advanced more than 1%.
BSE Sensex and NSE’s Nifty 50 declined for a fourth straight day on Wednesday as global stock markets remained under selling pressure over political uncertainty in the US and worries of global economic slowdown. The Indian rupee gained against the US dollar after Brent crude dropped below $50 a barrel.