GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 might see a lower start on Tuesday following Asian markets opening on a lower note in early trade hours.
Previously, on Monday, the NSE Nifty 50 closed the session 169 points or 0.71% lower at 23,645, while the BSE Sensex closed 451 points or 0.57% lower at 78,248.
Key global cues to know on December 31, 2024
Asian Markets
Australian markets were trading on a lower note on Tuesday, while Japan and South Korean stock markets are closed on account of the New Year’s Eve holiday. Investors are waiting for China’s manufacturing data. Australia’s S&P/ASX 200 traded 0.56% lower on a holiday-shortened day.
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Wall Street
US indices closed Monday on a lower note. The S&P 500 closed the session 1.07% lower at 5,907. The technology-heavy Nasdaq Composite dipped 1.19% to close the session at 19,487. The 30-stock Dow Jones Industrial Average declined 418.48 points or 0.97% to close at 42,573.73.
US Dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down 0.08% at 107.97 on Tuesday 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 closed at 85.53 against the US Dollar on Monday.
Crude Oil
WTI crude prices were trading at $71.48 down by 0.68%, while Brent crude prices were trading at $74.47 down by 0.65%, on Tuesday morning.
FII, DII Data
Foreign institutional investors (FII) were the net sellers of shares net worth Rs 1,893.16 crore. Meanwhile, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 2,173.86 crore on December 30, 2024, according to the provisional data available on the NSE.
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