The GIFT Nifty indicated that the Indian equity indices will open a slightly higher note as they take indications from early trading Asian indices. The US markets closed the session on a positive note led by tech stocks.
Previously, on Tuesday, the NSE Nifty 50 finished the session 6 points or 0.03% lower at 22,547.55, while the BSE Sensex rose 148 points or 0.20% to close at 74,602.
Key global and domestic cues to know on February 27, 2025
Asia Markets
Asia markets traded higher on Thursday morning following the overnight gains on the Wall Street amidst fresh tariff threats from US President Donald Trump. Japan’s Nikkei 225 rose 0.12% at 38,193. The Asia Dow was trading 1.5% higher at 3,870.98. However, South Korea’s Kospi declined 0.53% in early trade hours. The Shanghai Composite was trading flat at 3,380.
US markets
The US stock markets closed Wednesday’s trade on a higher note as Nvidia’s earnings came higher than expectations. However, the stocks fell from their intra-day highs due to concerns about Trump’s continued trade war. The S&P 500 advanced 0.01%, closing at 5,956.05, snapping a four-day losing streak. The Dow Jones Industrial Average fell 188.04 points, or 0.43%, to close at 43,433.12. The Nasdaq Composite rose 0.26%, ending the session at 19,075.26. Nvidia rose more than 3% ahead of its earnings report after the bell.
ALSO READUS Stocks: Nasdaq leads Wall Street higher as Nvidia results grab focus Nvidia’s earnings
Nvidia reported fourth-quarter earnings after the market hours on Wednesday, beating Street expectations. Plus, it gave a strong guidance for the current quarter. The company expected $43 billion in revenue for the first quarter. The forecast for the first quarter suggests a year-over-year growth of approximately 65% compared to the previous year, representing a decrease from the 262% annual growth recorded during the same period last year. Its net income rose to $22.09 billion for the quarter, compared to $12.29 billion in the same period a year ago.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down 0.13% at 106.56 on Thursday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound,
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