Stock Market Updates: GIFT Nifty Signals A Positive Start; Nikkei Jumps 10% – News18

Stock Market LIVE Updates: Indian equities are likely to open on a positive note on Tuesday tracking positive sentiment in Asian peers. The GIFT Nifty futures also indicated a gap-up start, quoting 227 points higher than Nifty50 futures at 24,329 levels.

Markets in Asia-Pacific saw a big revival with Japan’s markets leading the advances in the region. The Nikkei 225 soared 9.87 per cent and broad based Topix surged 9.95 per cent. Japan’s stocks recovered sharply after the Nikkei 225 and Topix had plunged more than 12 per cent in the previous session.

Overnight in the US, the 30-stock Dow and the S&P 500 experienced their worst sessions since September 2022. The Dow closed 2.6 per cent lower, while the S&P 500 dropped 3 per cent. The Nasdaq Composite declined 3.43 per cent.

However, the S&P 500 futures rebounded in overnight trading following the broad index’s worst day in nearly two years – signalling a revival for US markets in the upcoming session. Futures for the S&P 500 increased by 0.9 per cent, Nasdaq 100 futures surged 1.3 per cent, and Dow Jones Industrial Average futures climbed 0.6 per cent.