Sensex Today | Share Market Live Updates: Gift Nifty indicates start in green
Sensex Today | Share Market Live Updates: Indian benchmark indices closed in the green on Tuesday, with the Sensex at 65,930 at the Nifty just under 19,800. As many as four IPOs will open for subscription today – Tata Technologies, Gandhar Oil Refinery, Flair Writing Industries and Fedbank Financial Services.
Stocks in Asia dropped as the rally in US stocks stalled and Big Tech fell, with the S&P 500 and the Nasdaq both snapping five-day winning streaks. Nvidia slipped in late trading after investors were underwhelmed by its latest quarterly update. Meanwhile gold touched a two-week high, while minutes from the Federal Reserve’s most recent meeting showed the central bank is “in a position to proceed carefully”.
Sensex Today Live: Asia stocks fall as Nvidia earnings disappoint
Tech shares underperformed in early Asia trading, falling 0.4%, as broader benchmark indexes declined. Futures for Hong Kong pointed to losses and US equity futures slipped after the Nasdaq 100 Index sank 0.6%, with Apple Inc, Microsoft Corp. and Amazon.com Inc. all dropping.
Asian artificial intelligence stocks may come under pressure after Nvidia failed to meet sky-high expectations. While the world’s most valuable chipmaker posted another quarter of impressive growth, investors were anticipating more on hopes that the AI industry would bring explosive sales gains. Also, the company said it expects sales in China to decline significantly in the fourth quarter amid US curbs on exports to the country.
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