Indian equity benchmarks, the BSE Sensex and Nifty 50, are likely to see a muted start on April 17, tracking positive cues from GIFT Nifty, which is trading flat at around 24,160.50.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Indian equity indices failed to sustain opening gains and ended marginally lower in a volatile session on April 16, with the Nifty slipping below the 24,200 mark.
At close, the Sensex was down 122.56 points or 0.16 percent at 77,988.68, and the Nifty was down 34.55 points or 0.14 percent at 24,196.75.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Flat)
GIFT Nifty was trading at around 24,160.50, indicating a flat opening for the Indian equity markets.
Asian Equities (Fall)
Asian stocks fell as investors lightened their positions ahead of the weekend while awaiting progress on extending the US-Iran ceasefire, after a rally driven by expectations the truce would be prolonged.
US Equities (Rise)
The benchmark S&P 500 and the tech-heavy Nasdaq rose modestly to record closing highs for a second straight day on Thursday on optimism that the worst of the Middle East conflict had passed after Israel agreed to a temporary ceasefire with Lebanon and U.S. President Donald Trump indicated the U.S. and Iran could meet again on the weekend.
The Dow Jones Industrial Average rose 115.00 points, or 0.24%, to 48,578.72, the S&P 500 gained 18.33 points, or 0.26%, to 7,041.28, and the Nasdaq Composite gained 86.69 points, or 0.36%, to 24,102.70. The Nasdaq and the S&P 500 touched intraday records on Thursday.
Dollar Index (Flat)
The dollar Index was little changed in the early trade on Friday.
US Bond Yield (Flat)
The yield on the benchmark 10-year and 2-year were little changed at 4.31% and 3.77%, respectively, in the early trade.
Asian Currencies (Down)
Asian currencies traded broadly lower in early Friday trade, led by losses in the Philippine Peso, followed by the Thai Baht, Japanese Yen, and Taiwan Dollar.
Crude (Down)
Oil dropped as President Donald Trump struck an optimistic tone on prospects for a permanent ceasefire between the US and Iran.
Gold (Slips)
Gold trimmed gains as traders weighed the progress on a potential deal between the US and Iran, despite the effective closure of the strategic Strait of Hormuz.
Fund Flow Action
Foreign Institutional Investors (FIIs) remained net buyers for the second consecutive session on April 16, purchasing equities worth ₹382 crore, while Domestic Institutional Investors (DIIs) extended their selling streak, offloading equities worth over ₹3,400 crore.
Hope you’re all set for today’s trade. We wish you a profitable day ahead.
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