Indian Stock Market Closed Today; Asian Markets Trading Lower
Indian Stock Market Closed Today
Good morning and welcome to the morning reports, The Indian stock market is closed Today, 19 September 2023, on account of Ganesh Chaturthi.
Asian stock market indexes updates
Asian stock market indexes are trading in the red on Tuesday, traders are waiting for the Reserve Bank of Australia’s minutes of the last meeting for further clues on monetary policy tightening. Australia’s S&P/ASX 200 is trading lower by 0.46 percent. Traders in Japan returned after a long weekend, as Japan’s stock market was closed on Monday, Nikkei is trading lower by 0.97 percent.
South Korea’s Kospi is trading lower by 0.25 percent. Shanghai and Hang Seng are also trading lower by 0.26 percent and 0.40 percent respectively. Elsewhere, the Straits Times is trading in the red while Taiwan is trading slightly higher at 7.15 a.m. IST.
U.S. stock market indexes update
The US stock market indexes closed just above their flat line on Monday, as gains in tech and energy stocks helped to offset Telsa’s lead weakness in consumer stocks. The big tech stock Apple gained 1.69% followed by Alphabet and Microsoft, as traders cheered the signs of stronger demand for Apple’s newly launched iPhone 15. Energy stocks gained due to a surge in crude oil prices.
Meanwhile, the shares of Tesla fell on Monday, as Goldman Sachs lowered its 2023 and 2024 profit outlook on concerns that further price cuts would hurt gross margins. The stock fell 3.32% on Monday. The market upside remained capped as investors were cautious ahead of the Federal Reserve policy outcome on Wednesday.
The key US stock market indexes, Dow Jones and S&P 500 gained 0.2 percent and 0.07 percent respectively, while Nasdaq was up by 0.01 percent at the close on Monday.
European stock market indexes update
European stock market indexes ended lower on the first trading session of the week, as investors are looking ahead to the central bank’s monetary policy decisions later this week. The share price of Societe Generale fell sharply about 12 percent and at its two-month lows, after France’s third largest bank said it expected little if any, growth in annual sales over the coming year.
On Monday, Slovakian central bank chief Peter Kazimir said the recent ECB’s rate hike might be the last for now but policymakers would need until March to confirm the further rise could be ruled out. The pan-European Stoxx 600 index fell 1.13 percent with almost all sectors closed in the negative territory. Health care, Travel, and Banks led the losses on Monday.
The key European stock market indexes CAC and DAX closed lower by 1.41 percent and 1.06 percent respectively, while the UK’s FTSE was down by 0.76 percent on Monday.
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Editorial desk
