New Delhi, August 13 (HS): Global market cues are painting a positive picture for Indian equities today. Wall Street closed the previous session on a strong note, with all major indices ending firmly in the green. Dow Jones Futures too are trading slightly higher, signalling continued optimism. European markets ended mixed, but momentum in Asia remains firmly on the upside.
In the U.S., sustained buying pushed benchmark indices higher – the S&P 500 vaulted 1.13% to close at 6,445.76, while the tech-heavy Nasdaq leapt 1.39% or 296.50 points to end at 21,681.90. Dow Jones Futures are currently inching up 0.04%, trading at 44,473.28.
Across Europe, mixed trends prevailed – London’s FTSE inched up 0.20% to 9,147.81, Paris’ CAC rose 0.71% to 7,753.42, while Frankfurt’s DAX slipped 0.24% to settle at 24,024.78.
It’s a different story in Asia, where a wave of buying has lit up trading floors. All nine major Asian indices are trading in the green. Gift Nifty is powering ahead by 115 points, or 0.47%, at 24,618. South Korea’s KOSPI is up 0.66% to 3,211.03, while Hong Kong’s Hang Seng has delivered a strong jump of 1.76%, soaring to 25,408. Japan’s Nikkei is rallying 1.53% to 43,370.
Elsewhere, Indonesia’s Jakarta Composite is up 1.10% at 7,877.45, Singapore’s Straits Times has advanced 1.09% to 4,266.76, Thailand’s SET Composite is up 0.69% at 1,267.81, China’s Shanghai Composite has gained 0.56% to 3,686.34, and Taiwan’s Weighted Index is treading slightly higher at 0.06% to 24,173.24.
With Wall Street’s momentum, Asian markets in full swing, and upbeat futures pointing to a positive open, the mood for Indian markets today is decidedly bullish.
Hindusthan Samachar / Jun Sarkar