Asian equities traded in tight ranges Friday as investors await the outcome of Donald Trump’s next trade war salvo, after a busy week of central bank meetings further frayed nerves.
#1 Asian markets mixed as US economic uncertainties linger
#2 Japan’s inflation rises 3.7% YoY in February
#3 GIFT Nifty signals another day of gains
#4 Wall Street ends lower but poised for weekly gains
#5 European markets end mixed
#6 US 10-year yield slips to 4.23% amid economic uncertainty
#7 Dollar rises as Fed signals it’s in no hurry to cut rates
#8 Gold takes a breather after record run
#9 Oil prices rise more than USD 1 after US issues new Iran-related sanctions
#10 US slaps Iran related sanctions on oil tankers, China teapot refinery
Trends on GIFT Nifty indicate a firm opening for the broader index in India, with a gain of 45.50 points or 0.20 percent. The Nifty futures were trading around 23,215.50 level.
Indian equity markets extended their winning streak on fourth straight session on March 20, led by positive global markets after the US Federal Reserve held the benchmark interest rate steady and indicated more cuts later this year.
At close, the Sensex was up 899.01 points or 1.19 percent at 76,348.06, and the Nifty was up 283.05 points or 1.24 percent at 23,190.65.
All the sectoral indices ended in the green with metal, media, IT, FMCG, auto, consumer durables, realty, telecom up 1 percent each.
BSE Midcap and smallcap indices added 0.5 percent each.
Biggest gainers on the Nifty included Bharti Airtel, Titan Company, Bajaj Auto, BPCL, Britannia Industries, while losers were IndusInd Bank, Bajaj Finance, Trent, Shriram Finance.
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