Global markets remain upbeat

Global markets closed up by nearly 2 per cent for the week across the board. The Indian benchmark indices continue to lead the gaining streak amongst its major Asian peers.

The US and European indices also have surged close to 2 per cent for the week with rising optimism on improving relations between US and Europe on tariffs on cars and other imports.

The Dow Jones and NASDAQ are up by 1.8 per cent and 1.27 per cent up for the week, while European indices like Germany’s DAX, FTSE and Euro Stoxx are up by 2.3 per cent, 0.33 per cent and 1.8 per cent up.

The Asian markets are showing improvement in the past couple of weeks surging from their nine month lows. The Japan’s Nikkei and Korea’s Kospi are marginally high and Hong Kong’s Hang Seng is up by 2 per cent.

While the Indian indices BSE Sensex and Nifty50 were up by 2.44 per cent and 2.3 per cent for the week, largely aided by strong earnings growth across industries. The BSE Sensex and Nifty index closed the week at fresh highs of 37,336 and 11,270 mark.