Markets end at record highs; Nifty closes above 9,900 for first time ever

All that buzzed in today's trading session

8:47 AM

Wall Street closed higher on Friday, after data showed consumer prices were unchanged in June and retail sales fell for a second straight month, pointing to tame inflation and subdued expectations of strong economic growth in the second quarter.

 

The Dow Jones Industrial Average was up 84.65 points, or 0.39 percent, to 21,637.74, the S&P 500 gained 11.44 points, or 0.47 percent, to 2,459.27, and the Nasdaq Composite added 38.03 points, or 0.61 percent, to 6,312.47.

8:46 AM

Asian stocks mostly rose on Monday, spurred by record high closes for the Dow and S&P 500 on bets that the Federal Reserve's policy will remain accommodative following lacklustre US data, which sent the dollar reeling to a 10-month low.

 

Chinese stocks fell over 2% in early trade but recouped some of the losses after data showed the economy grew at a slightly faster than expected pace of 6.9% in the second quarter thanks to robust industrial output and retail sales.

 

The CSI 300 was 0.7% lower, and the Shanghai Composite was down 1.1%.

 

MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.2% on Monday. Japanese markets were closed for a holiday.

 

Australian shares were 0.3% lower, while South Korea's KOSPI jumped 0.3%. 

8:42 AM

At 8:43 am, the Nifty50 futures on the Singapore Stock Exchange were trading 39 points higher at 9,943 indicating a positive opening for the domestic market