Global Market Update: Asian Markets Stay Bullish Amidst Geopolitical Tensions and Fed's Dovish Remarks.
While American stock markets closed the night in the negative following dovish remarks from Federal Reserve officials and the potential for a pause in interest rate increases by the central bank, Asian markets remained optimistic. Investors are keeping an eye on the impact of the ongoing Israel-Hamas conflict in the Middle East and its effects on global financial markets. On Monday, domestic equity indices ended their two-day winning streak with significant losses as the ongoing Israel-Palestine conflict spooked investors. The Nifty 50 closed at 19,512.35, down 141 points or 0.72%, and the Sensex closed at 65,512.39, down 483 points or 0.73%. Siddharth Khemka, Head of Retail Research at Motilal Oswal, said, 'In the near term, we expect market volatility amid geopolitical tensions and currency fluctuations ahead of CPI data to be released by the United States, Europe, and China towards the end of the week.' Financial Services Limited Today, the key global signals from the Sens