GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 might see a subdued start on Monday following Asian markets opening on a higher note in early trade hours.
Previously, on Friday, the NSE Nifty 50 closed the session 364 points or 1.52% lower at 23,587, while the BSE Sensex slipped 1,176 points or 1.49% to close at 78,041.
Key global cues to know on December 23, 2024
Asian Markets
Asia-Pacific markets were trading on a higher note. Japan’s Nikkei 225 was trading 0.91% higher at 39,057. The Korean index Kospi rose 1.24% to trade at 2,434. The Asia Dow was trading 0.01% higher at 3,664.55. However, the benchmark Chinese index, Shanghai Composite trading flat at 3,368.
Wall Street
US indices closed Friday’s session on a higher note. The 30-stock Dow Jones Industrial Average added 498 points or 1.18% to close at 42,840.26. The S&P 500 closed the session 1.09% higher at 5,931. The technology-heavy Nasdaq Composite added 1.03% to close the session at 19,572.60.
US Dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down 0.01% at 107.79 on Monday morning. The index measures the US dollar’s strength or weakness against major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. Also, the Indian rupee appreciated 0.08% to close at 85.02 against the US Dollar on Friday.
WTI crude prices were trading at $69.79 up by 0.48%, while Brent crude prices were trading at $73.22 up by 0.39%, on Monday morning.
FII, DII DataForeign institutional investors (FII) were the net sellers of shares net worth Rs 3,597.82 crore. Meanwhile, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 1,374.37 crore on December 20, 2024, according to the provisional data available on the NSE.