Indian stock markets may see lacklustre trading on the first day of the year due to thin volumes while most global markets are shut. The session’s modest gains marked a turnaround from Monday, when the S&P 500 and the Nasdaq posted their biggest daily percentage losses in nearly four weeks. In the fourth quarter of 2019, the Dow gained 6.02%, the S&P 500 8.55% and the Nasdaq 12.18%. The benchmark S&P 500 also posted its biggest December percentage gain since 2010. The S&P 500 posted four new 52-week highs and no new lows; the Nasdaq Composite recorded 89 new highs and 26 new lows.

Source: Mint January 01, 2020 03:22 UTC