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Stock Market News for Monday, April 22, 2024: Dow, S&P 500 Edge Higher
The Nasdaq Composite is also rising.
Last Updated:Â
April 22, 2024 at 6:47 PM EDT
1 month ago
Indian Shares Close Higher as Middle East Worries Ease
India's benchmark Sensex closed 0.8% higher at 73648.62, led by bank stocks.
Market sentiment likely improved as Middle East tensions so far haven't escalated after Israel's retaliatory strikes on Iran, analysts said. Markets will continue to watch for possible geopolitical risks this week, the UOB Global Economics & Markets Research team said in a note.
Axis Bank added 2.4%, State Bank of India gained 2.0% and ICICI Bank was 1.9% higher. Among non-index stocks, Indian Renewable Energy Development Agency rose 6.0% after 4Q net profit climbed 33% on year. Among decliners, NTPC lost 2.2% and JSW Steel was 1.2% lower. Investors are also focusing on earnings, with Reliance Industries set to announceresults later in the day.