Japan’s Nikkei share average topped its all-time peak on Thursday, after unexpectedly strong revenue forecasts from U.S. chip designer Nvidia lifted Asian tech stocks. However, the regional mood was tempered by the struggle in Chinese stock markets to extend multi-month highs reached amid Beijing’s stimulus efforts.
Long-term U.S. bond yields hugged three-month highs while the dollar sagged after minutes from the last Federal Open Market Committee meeting confirmed the view that interest rate cuts would be slow in coming, but weren’t markedly more hawkish than the Fed’s previously expressed views. The Nikkei 225 share average surged as much as 2% to reach 39,029.00, topping the previous all-time high of 38,957.44, set on Dec. 29, 1989, at the peak of…
Indian equity indices ended on a higher note, paring the three-day losing streak. The NSE Nifty 50 rose 305 points or 1.27% to settle the day’s trading at 24,298. The BSE Sensex settled 875 points or 1.11% higher at 79,468. HDFC Bank, Infosys, ONGC, L&T, and Coal India contributed the most to Nifty 50.
Sectoral Index
The Bank Nifty rose 370.70 points or 0.75% to end the session at 50,119 ending above the key psychological level of 50,000. Albeit, the Nifty Midcap 100 outperformed the overall markets, rising more than 1300 points or 2.45% settling the day’s trading at 56,873. In the broader markets, smallcap and midcap stocks closed in the green.
“Global markets experienced a notable rebound after the BoJ’s Deputy Governor reassur…