GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 might see a muted start on Monday following Asian markets opening on a mixed note in early trade hours.
Previously, on Friday, the NSE Nifty 50 closed the session 220 points or 0.89% higher at 24,768, while the BSE Sensex closed 843 points up or 1.04% at 82,133.
Key global cues to know on December 16, 2024
Asian Markets
Asia-Pacific markets were majorly trading on a mixed note as investors are looking to several major central bank decisions due this week, which include Japan and China. Japan’s Nikkei 225 was trading 0.07% higher at 39,495. The Korean index Kospi was trading 0.12% lower at 2,491. However, the Asia Dow was trading 1.96% lower at 3,731.76. However, the benchmark Chinese index, Shanghai Composite was flat at 3,392.
Wall Street
US indices slipped on Friday’s trade posting its longest losing streak since 2020. The 30-stock Dow Jones Industrial Average lost 86 points or 0.2% to close at 43,828. The S&P 500 closed the session little changed at 6,051.09. The technology-heavy Nasdaq Composite gained 0.12% to close the session at 19,926.
US Dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down 0.03% at 106.83 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 0.03% to close at 84.79 against the US Dollar on Friday.
Crude Oil
WTI crude prices were trading at $71.08 down by 0.29%, while Brent crude prices were trading at $74.35 down by 0.19%, on Monday morning.
FII, DII Data
Foreign institutional investors (FII) were the net buyers of shares net worth Rs 2,335.32 crore. Meanwhile, the Domestic institutional investors (DII) were the net sellers of shares worth Rs 732.20 crore on December 13, 2024, according to the provisional data available on the NSE.
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