With the US market showing signs of growth, investors are wondering if this will have a positive impact on the Indian market. The question on everyone's mind is: will the Nifty and Sensex follow suit? The Dow Jones Industrial Average rose 0.35% to 48,283.35, while the S&P 500 gained 0.11% to 6,807.98.
The medical supply giant Medline's shares were indicated to open up to 6.9% above their offer price in their Nasdaq debut, giving the company a potential valuation of $40.42 billion. This is the biggest share sale of 2025 so far, raising $6.26 billion.
Some key stocks that made significant moves include Oracle, Amazon, and Nvidia. Oracle shares declined 2.8% after a report said the cloud company's largest data center partner Blue Owl Capital said it will not back a $10 billion deal for its next facility. On the other hand, Amazon.com stock gained 0.8% after reports that the company was in talks to invest about $10 billion in ChatGPT maker OpenAI.
Historically, the Indian market has followed the US market trends. In the past, when the US market has shown growth, the Nifty and Sensex have also shown positive movement. However, it's essential to consider the current market sentiment and trader psychology. The Bank Nifty has been showing signs of strength, which could be a positive indicator for the Indian market.
Some questions that investors may have include:
Follow the conversation on #IndianMarket and #USMarket for more updates.
Note: This article is for educational purposes only and should not be considered as investment advice.
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