On March 18, US markets rose sharply, driven by gains at Nvidia. The anticipated Federal Reserve meeting later this week and Nvidia’s Artificial Intelligence (AI) Symposium on GPU Technology, which took place on March 18, drove the indices higher.
The Nasdaq Composite jumped 1.58 percent to 16,225.95 at 8:30 p.m., while the S&P 500 increased 1.05 percent to 5,170.79. At 38,869.67, the Dow Jones Industrial Average saw a 0.40 percent increase in trading. At 888.30, Nvidia’s stock was up 1.13 percent.
However, the GIFT Nifty fell 0.14 percent. Earlier in the day, there was a tumultuous session on the Japanese Nikkei. Despite rising 2 percent intraday, the index finished 2.67 percent lower at 39.740.44.
Tuesday’s much-awaited Bank of Japan (BOJ) meeting is what’s causing this market activity. The Indian indices regained their losses on Friday and closed higher. The Sensex increased by 0.14 percent to 72,748.42, while the Nifty gained 0.15 percent to 22,055.70.
FIIs and FPIs net sold Rs 2,051.09 crores, while DIIs net bought Rs 2,260.88. Crude recovered its losses from the previous week and closed at 81.54, up 0.62 percent. Brent increased by 0.5 percent as well, to 85.80.
Prior to later this week’s central bank meetings, European markets somewhat fell. The CAC fell 0.29 percent to 8,140.22, while the FTSE fell 0.08 percent to 7,721.70. Moreover, the German DAX fell 0.13 percent to 17,913.28.
The session was mixed on the European markets. Germany’s DAX increased 0.26 percent to 17,989.20, hovering near record high levels. The FTSE was flat to down at 7,739.26, while the CAC was up 0.5 percent at 8,207.19.
