Global Market Update: US Stocks Surge, India-US Trade Talks Advance, and Key Earnings Reports Due February 14, 2024

Global markets present a mixed landscape. On February 13, 2024, the NSE Nifty 50 in India closed down 0.06% at 23,031.40, while the BSE Sensex fell 0.04% to 76,138 (Source: Unspecified). US President Trump announced a goal with India to double bilateral trade to $500 billion by 2030, also mentioning potential F-35 warplane sales. Asian markets showed mixed performance, with Japan's Nikkei 225 down 0.57% and Hong Kong's Hang Seng up 0.97%. US markets closed higher, with the Dow Jones up 0.77%, the S&P 500 up 1.04%, and the Nasdaq Composite up 1.50% (Source: Unspecified). The US Dollar Index (DXY) decreased by 0.25% to 107.04. Crude oil prices increased, with WTI up 0.27% at $71.49 and Brent up 0.36% at $75.29 (Source: Unspecified). FIIs were net sellers at Rs 2,934.50 crore, while DIIs were net buyers at Rs 2,789.91 crore on February 13, 2024 (Source: NSE). Key earnings reports are expected on February 14, 2024, from companies including Aditya Birla Fashion and Retail and Glenmark Pharmaceuticals (Source: Unspecified). These factors collectively influence global economic sentiment and investment strategies.