Wall Street Up

At 6:30 AM, GIFT Nifty Futures were up 123 points at 25,207, indicating a gap-up opening for the Indian bourses.

Asian shares were mostly lower Monday after US stocks coasted to the close of their latest winning week on Friday, even as Nvidia's stock cooled further from its startling, supernova run. US futures and oil prices dropped. In Tokyo, the Nikkei 225 index rose 0.7 per cent to 38,869.94, making it the sole major benchmark in Asia to post gains on Monday. The yen weakened to 159.93 per dollar during morning trading. Minutes of the Japanese central bank's last policy meeting released Monday put the yen under renewed pressure as it indicated that Any change in the policy interest rate should be considered only after economic indicators confirm that, for example, the CPI inflation rate has clearly started to rebound and medium-to long-term inflation expectations have risen. Meanwhile, it was reported that Masato Kanda from the Minister of Finance said officials are ready to intervene to support the currency at any time. Elsewhere, Hong Kong's Hang Seng dropped 1.2 per cent to 17,815.42,

Stocks rose in afternoon trading on Wall Street Friday, keeping the market on track to break a three-week losing streak. The S&P 500 rose 1.2% as of 12:15 pm Eastern and is up 3.3% for the week. The Dow Jones Industrial Average rose 306 points, or 1%, to 32,078 and the Nasdaq rose 1.7%. Each index is on track for its first weekly gain in four weeks. Technology stocks and retailers had some of the biggest gains. Microsoft rose 1.8% and Amazon rose 1.6%. DocuSign jumped 8% after the electronic signature company reported strong second-quarter sales and raised its subscription forecast. All 11 industry sectors in the benchmark S&P 500 rose, though makers of household goods and utilities, which are typically considered less risky investments, lagged the market. U.S. crude oil prices rose 3.1%. Bond yields were mixed. The yield on the 10-year Treasury, which influences interest rates on mortgages and other loans, fell to 3.31% from 3.33% late Tuesday. The two-year Treasury yield, ..

Among the weak spots was the department store operator Kohl's Corp , which slid 9.2% after reporting lower holiday season sales

The rally was also helped by easing demand for safe-haven government bonds, with investors looking for bargains in beaten-down stocks after three weeks of declines

S&P 500 and the Dow are on track to log their worst quarter in more than two years on concerns over a global trade war and aggressive interest rate hikes