Asian Markets Rally on Nvidia's Strong Earnings

Nvidia's strong quarterly results and forecast have boosted Asian markets, including India's Nifty. The GIFT Nifty September 2026 futures rose by 5.50 points, indicating a mildly positive opening for the Nifty 50.

Institutional investors have been net buyers in the Indian equity market so far this month, with foreign portfolio investors (FPIs) purchasing shares worth Rs 15491.48 crore and domestic institutional investors (DIIs) buying Rs 6,425.16 crore in August.

The Bank of Korea raised its benchmark interest rate by 25 basis points to 3.00% on Thursday, seeking to contain inflation and financial stability risks. However, China's industrial profits growth slowed to 11.2% in July from a year earlier, losing momentum after the 18.7% rate in the first half-year.