GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 might see a positive start on Monday despite Asian markets opening on a higher note in early trade hours.
Previously, on Friday, the NSE Nifty 50 closed the session 31 points or 0.12% lower at 24,678, while the BSE Sensex fell 56 points or 0.07% to close at 81,709.
Key global cues to know on December 09, 2024
Asian Markets
Asia-Pacific markets opened on a mixed note on Monday as investors assessed revised economic growth data from Japan and awaited China’s inflation data for November. Japan’s Nikkei 225 was trading 0.15% higher at 39,186. The Korean index Kospi was trading 1.40% lower at 2,394. However, the Asia Dow was trading 0.06% higher at 3,755. The benchmark Chinese index, Shanghai Composite traded flat at 3,404.
Wall Street
US indices closed on a record-high note on Friday following the November jobs data came in slightly better than expected, but not strong enough to convince the Federal Reserve to cut rates. The S&P 500 rose 0.25% to finish at 6,090, reaching a new record high during intra-day. The technology-heavy Nasdaq Composite gained 0.81% to close the session at 19,859.77. However, the 30-stock Dow Jones Industrial Average dipped 123 points or 0.28% to close at 44,642.52.
US Dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was up 0.05% at 106.06 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 0.06% to close at 84.69 against the US Dollar on Friday.
Crude Oil
WTI crude prices were trading at $67.45 up by 0.37%, while Brent crude prices were trading at $71.35 up by 0.32%, on Monday morning.
FII, DII Data
Foreign institutional investors (FII) were the net sellers of shares net worth Rs 1,830.31 crore. Meanwhile, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 1,659.06 crore on December 06, 2024, according to the provisional data available on the NSE.