GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 might see a muted start on Thursday despite Asian markets opening on a higher note in early trade hours.
Previously, on Wednesday, the NSE Nifty 50 closed the session 32 points or 0.13% higher at 24,641, while the BSE Sensex closed 16.09 points up or 0.02% at 81,526.14.
Key global cues to know on December 12, 2024
Asian Markets
Asia-Pacific markets opened on a higher note following the record gains overnight in the US markets as inflation met expectations. Japan’s Nikkei 225 was trading 1.5% higher at 39,963. The Korean index Kospi was trading 0.76% higher at 2,461. However, the Asia Dow was trading 0.39% higher at 3,797.21. However, the benchmark Chinese index, Shanghai Composite was 0.15% down at 3,427.
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Wall Street
US indices closed on a record-high note on Tuesday on Wednesday after November’s key inflation data met expectations, portraying a clear path for Federal Reserves to cut interest rates in the upcoming December meeting next week. The technology-heavy Nasdaq Composite gained 1.77% to close the session at 20,034.89, an all-time high. The S&P 500 advanced 0.82% to finish at 6,084.19. However, the 30-stock Dow Jones Industrial Average dipped 99.27 points or 0.22% to close at 44,148.56.
US Dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down 0.13% at 106.51 on Thursday 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 0.04% to close at 84.83 against the US Dollar on Wednesday.
Crude Oil
WTI crude prices were trading at $70.23 down by 0.09%, while Brent crude prices were trading at $73.50 down by 0.05%,
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