US markets fell on April 9 as traders anticipated the release of the CPI data, a crucial measure of inflation, on April 10. The Federal Reserve’s outlook for the year’s rate-cutting choices will be influenced by the CPI statistics.
The S&P 500 fell below 5200 at 8:30 p.m. IST, dropping 0.79 percent to 5161.18. When compared to the Dow Jones Industrial Average, which closed at 38,587.20, the Nasdaq Composite declined 0.68 percent to 16,144.03. At 22,720.00, the GIFT Nifty closed slightly lower, down 0.17 percent.
The volatility of European markets decreased as investors focused on US inflation. The DAX fell 1.25 percent to 18,089.99, while the FTSE fell 0.24 percent to 7,924.59. At 8,042.53, the French CAC fell by about a percent.
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Asian markets rose earlier in the day in spite of flimsy global indications. The Yen declined, as the Nikkei gained 1.08 percent to close at 39,773.13, while the Hang Seng gained 0.57 percent to close at 16,828.07.
Financial giants like Asian Paints, Titan, Reliance Industries, and TCS helped the Indian indices rise. The Sensex reached a high of 75,124.28, while the Nifty reached a new high of 22,768.40. the Sensex closing flat to negative at 74,683.70 and the Nifty down 0.11 percent at 22,641.80.
FIIs and FPIs net sold Rs 593.20 crores, while DIIs net bought Rs 2,257.18 crores. Due to pressure from throughout the world, crude oil fell by over 1% to $85.63. Additionally, Brent dropped 0.66 percent to $89.78 per barrel.
