IndianMarketpulse-Global Markets

The Dow Jones Industrial Average rose 133.37 points, or 0.52 percent, to 25,790.35, the S&P 500 gained 17.71 points, or 0.62 percent, to 2,874.69 and the Nasdaq Composite added 67.52 points, or 0.86 percent, to 7,945.98.   The benchmark S&P 500 stock index clinched its longest bull-market run on Friday, closing above its previous January high, as Federal Reserve Chairman Jerome Powell affirmed the U.S. central bank's current pace of rate hikes. The S&P had last reached a new closing high on Jan. 26, then retreated more than 10 percent, a correction that lasted until Feb. 8. Friday's new closing high confirmed that the index's bull run remained intact. Speaking at a research symposium in Jackson Hole, Wyoming, Powell said the Fed's gradual interest rate hikes were the best way to protect the economic recovery, maintain strong job growth and keep inflation under control. His comments did little to change market expectations of a rate hike in Septe...

MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.1 percent. Japan's Nikkei and South Korea's Kospi index each climbed 0.2 percent.    Asian shares started cautiously on Thursday as a deadline loomed for fresh US tariffs on China and amid speculation US President Donald Trump's political position could be threatened by the legal woes of two former advisers. US and Chinese officials met for the first time in over two months to find a way out of their deepening trade conflict, but there was no evidence the low-level discussions would halt a new round of US tariffs due Thursday. Citi said in a global economic and outlook strategy report titled "Storm Squalls" that divergence in trade tensions between the United States and its various trading partners is likely to be a key driver for markets. Despite recent signs that trade talks are resuming, we expect U.S.-China trade tensions to continue." MSCI's broadest index of Asia...

The Dow Jones Industrial Average rose 110.59 points, or 0.43 percent, to 25,669.32, the S&P 500 gained 9.44 points, or 0.33 percent, to 2,850.13 and the Nasdaq Composite added 9.81 points, or 0.13 percent, to 7,816.33.   US stocks closed higher on Friday, with the S&P 500 and the Dow Jones Industrial Average extending gains and the Nasdaq turning positive on reports of progress in tariff disputes between the United States and its trading partners China and Mexico. Chinese and US negotiators are planning talks to resolve their trade row ahead of meetings in November, the Wall Street Journal reported on Friday. The threat of a trade war threatens economic activity,” said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco. “The fact that the administration might resolve (trade disputes) sooner rather than later, without a sustained time frame of slower economic actively due to tariffs, that bodes well for the market. Trade-vulnerable ...

FII stance may remain muted in a trade war while dollar strength intensifies in the coming week.   The Nifty50 continued its upward bias and ended positively for the sixth consecutive week. During the week, it had almost tested its highest Call base of 11500, driven primarily by financial and energy heavyweights. The Call base of 11,500 remained almost unchanged despite the Nifty testing these levels. At the same time, significant additions were seen at Put strikes of 11,200 and 11,300 during the week. We believe 11,300 is likely to act as immediate support for the Nifty in the ongoing momentum. The PCR open interest (OI) for the Nifty continues to rise in the current uptrend where no major profit booking took place as traders are getting more comfortable in writing Put options. At the same time, current Nifty futures open interest is highest since January 2018. With high PCR OI and high Nifty open interest, we believe consolidation is more likely than continued mo...