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The US markets traded higher on June 25 as several AI-related stocks, such as Nvidia, recovered from massive selloff in the previous session. At 9:15 pm IST, the S&P 500 moved 0.26 percent higher to 5,462 and the Nasdaq Composite surged over a percent to 17,690. AI chipmaker Nvidia rallied 5.30 percent to $124.69, a day after the stock tumbled 13 percent.
However, the Dow Jones Industrial Average fell 0.72 percent to 39,127 as the US Federal Reserve Governor Michelle Bowman said that she is open to even raise interest rates if the inflation doesn’t cool off. “I remain willing to raise the target range for the federal funds rate at a future meeting should progress on inflation stall or even reverse,” she warned during her speech in London.
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The GIFT Nifty also traded negative, down 0.17 percent at 23,679, despite the bullish run of the Indian indices earlier during the day.
Indian markets set fresh record highs on Tuesday as several major banking stocks rallied. Nifty set a new all-time high of 23,754.15 during intraday trade and ended 0.78 percent higher at 23,721.30. Sensex also created a fresh high of 78,164.71 and ended 0.92 percent higher at 78,053.52. The Nifty Banking index rallied to a new high of 52,746.50 as ICICI Bank, HDFC Bank and Shriram Finance surged.
The European markets declined with the FTSE down 0.41 percent at 8,247.79. CAC also fell 0.58 percent to 7,662.30 and the DAX tumbled 0.9 percent to 18,162.53.
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Earlier during the day, the Asian indices ended positive. The Nikkei jumped nearly 1 percent to 39,173.15 and the Hang Seng ended 0.25 percent higher at 18,072.90.
DIIs net sold Rs 149.45 crores in Indian equities while FIIs/FPIs net purchased Rs 1,175.91 crores.
Crude declined 0.66 percent to $81.09 and Brent also fell 0.76 percent to $85.36.
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