GIFT Nifty indicated that Indian equity indices, BSE Sensex and NSE Nifty 50, may see a lower start on Monday as U.S. stocks closed with sharp losses, and Asian markets provided mixed cues.
GIFT Nifty ended down by 126.50 points or 0.54% at 24,322 indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Thursday the NSE Nifty 50 ended down by 26.35. points or 0.11% to settle at 23,532.70 while the BSE Sensex plunged 110.65 points or 0.14% to 77,580.31.
Key global cues to know on November 18, 2024
Asian Markets
Shares in the Asia-Pacific region are trading in mixed territory on Monday morning. The Asia Dow is trading up by 0.69%, where as the Japan’s Nikkei 225 is trading in red, down by 1.26%, South Korea’s KOSPI index is traded higher by 1.26% and the benchmark Chinese index Shanghai Composite trading in green, up by 0.83%, whereas Hong Kong’s Hang Seng traded in green up by 1.93%.
Wall Street
Wall Street’s main indexes closed lower on Friday, with the S&P 500 and Nasdaq notching their biggest one-day losses in two weeks, on concerns about slower interest-rate cuts and as investors reacted to cabinet picks by U.S. President-elect Donald Trump, reported Reuters.
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The tech-heavy Nasdaq Composite ended down by 421.46 points or 2.21% at 18,686.19 The S&P 500 ended lower by 78.55 points or 1.32% at 5,870.62, while the Dow Jones Industrial Average is trading up by 10.94 point or 0.03% at 43,455.93.
US Dollar
The US Dollar Index (DXY), which measures the value of the dollar against a basket of six foreign currencies, traded up by 0.05% at 106.72.
Crude Oil
WTI crude prices are trading at $66.79 down by 0.34%, while Brent crude prices are trading at $70.92 down by 0.14%, on Moday morning.
FII, DII Data
Foreign institutional investors (FII) offloaded shares worth Rs 1,849.87 crore, while domestic institutional investors (DII) bought shares worth Rs 2,481.81 crore on November 14, 2024, according to the provisional data available on the NSE.
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