GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a muted start on Tuesday despite a rally in US stocks. The Asian markets are mixed in early morning trade on Tuesday. Its an action packed day for Indian markets with earnings and new listings taking centre-stage. The Sagility India IPO is scheduled for today while Swiggy will debut on November 13.
Previously, on Monday, the Nifty 50 closed 7 points or 0.03% lower at 24,141, while the BSE Sensex rose 10 points or 0.01% to finish at 79,496.
Key global cues to know on November 11, 2024
Wall Street
US benchmark indices continued the post-election rally on Monday. The S&P 500 added 0.1% to close at a record high of 6,001.35. The Nasdaq Composite inched up 0.06% to close at 19,298.76. The Dow Jones Industrial Average advanced more than 300 points, or 0.69%, to end at 44,293.69.
US Dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading up 0.06% at 105.52 on Tuesday morning. The index is a tool for assessing the strength or weakness of the US dollar to a basket of major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. Also, the Indian rupee slipped to its lowest level on Monday, as worries about Donald Trump’s victory in the U.S. election kept Asian currencies under pressure.
Crude Oil
Crude prices are muted after sharp fall. This is because China’s latest stimulus plan disappointed investors. WTI crude prices were trading at $68.27 up by 0.35%, while Brent crude prices were trading at $71.99 up by 0.23%, on Tuesday morning.
Asian Markets
Asia-Pacific markets were trading on a mixed note despite gains in overnight US markets. Japan’s Nikkei 225 was up 0.46% at 39,715. The Korean index Kospi was down 0.75% at 2,512.73. Similarly, the Asia Dow was trading 0.48% lower at 3,767.24. The benchmark Chinese index, Shanghai Composite was flat at 3,470.
FII, DII Data
FII selling continues in Indian markets. Foreign institutional investors (FII) were the net sellers of shares net worth Rs 2,306.88 crore. Meanwhile, the Domestic institutional investors (DII) were net buyers of shares worth Rs 2,026.63 crore on November 11,
» Read More
