Nasdaq Composite Index Leads Global Gains on July 24

3 min read | July 24, 2025 06:25 AM PDT | By Team Kalkine Media

Highlights

  • US indices such as the Dow Jones and Nasdaq Composite showed upward momentum, while Indian indices like Sensex and Nifty 50 closed lower.
  • European markets including CAC 40 experienced minimal fluctuations, maintaining above-key moving averages.
  • Technical indicators like RSI and MACD reflected neutral to bullish trends across major global indices.

The global equity landscape on July 24, 2025, exhibited mixed patterns across major regions, led by US tech-heavy benchmarks and mirrored by fluctuations in European and Asian counterparts. In the United States, the major indices such as the S&P 500, Dow Jones Industrial Average (DJIA), and Nasdaq Composite Index recorded gains. These movements contrast with the downward shift in Indian benchmarks, namely the BSE Sensex and Nifty 50. The Nasdaq Composite Index represents a broad group of technology-driven companies and aligns with sector peers tracked by S&P 500 and DJIA.

BSE Sensex: Short-Term Weakness Persists

BSE Sensex showed signs of bearish sentiment as the index closed below its 10-day and 20-day Exponential Moving Averages (EMAs). Despite maintaining levels above the 50-day and 200-day EMAs, the shorter-term trend indicated downward momentum. Technical indicators reflected subdued strength, with the Relative Strength Index (RSI) below the neutral midpoint, highlighting a lack of clear direction.

The Moving Average Convergence Divergence (MACD) figure for Sensex stayed in the negative territory, reinforcing short-term weakness. A MACD value below its signal line typically aligns with declining momentum. In addition, the RSI near the midpoint did not signal an overbought or oversold condition, pointing toward a neutral sentiment across the session.

Dow Jones Industrial Average: Maintains Bullish Momentum

The Dow Jones Industrial Average posted a gain, closing higher than its opening level and showing strength across both short- and long-term moving averages. The index remained above its 10-day, 20-day, 50-day, and 200-day EMAs, pointing to a consistent bullish trend.

Despite the MACD line being slightly below its signal line, the MACD remained in positive territory, suggesting ongoing upward momentum. The RSI value stayed within a range associated with stronger market sentiment but neared overbought territory, a level often viewed as signaling caution. These readings suggested that while short-term gains persisted, a period of consolidation could occur if upward pressure continues.

CAC 40: Stability Around Resistance Levels

France’s CAC 40 ended the trading session with a minor decline, yet the index remained above the 50-day and 200-day EMAs. Proximity to the 10-day and 20-day EMAs reflected recent market consolidation. Such positioning indicates a phase of stabilisation without a clear breakout direction.

MACD readings for the CAC 40 stayed positive and above the signal line, pointing to continued momentum on the upside. The RSI reading indicated moderate strength, resting above the midpoint but not nearing extreme zones. Overall, the French index exhibited a balanced technical profile, holding steady amid mild intraday fluctuations.

Comparative Overview: Global Indices Direction

While US indices gained on the day, markets in India diverged with notable weakness. In Asia, benchmark indices like Nikkei 225 and Hang Seng were referenced in the broader market overview but specific performance details remained secondary. European markets such as DAX and IBEX 35 mirrored the mixed behavior, showing no sharp deviations but maintaining broader structural trends.

The global index performance on July 24 demonstrated varying sentiment driven by regional economic signals and sector-specific dynamics. The Nasdaq Composite Index and Dow Jones continued to gain, reflecting investor focus on technology and industrial sectors, while Indian benchmarks retreated under subdued technical signals.


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