GIFT Nifty indicated that Indian equity indices, BSE Sensex and NSE Nifty 50, may see a lackluster start on Tuesday, as U.S. stocks closed in positive territory and Asian markets provided mixed cues.
GIFT Nifty closed up by 13.50 points, or 0.06%, at 23,537.50, indicating a subdued opening for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. On Monday, the NSE Nifty 50 had declined by 78.90 points, or 0.34%, to settle at 23,452.80, while the BSE Sensex dropped 241.30 points, or 0.31%, to close at 77,339.01.
Key global cues to know on November 18, 2024
Asian Markets
Shares in the Asia-Pacific region are trading in negative territory on Tuesday morning. The Asia Dow is trading down by 0.46%, where as the Japan’s Nikkei 225 is trading in green, up by 0.53%, South Korea’s KOSPI index is traded higher by 0.07% 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 0.77%.
Wall Street
The Nasdaq and S&P 500 closed higher on Monday, recovering some losses as investors anticipate quarterly earnings from AI leader Nvidia, opens new tab, and Tesla, opens new tab jumped on the prospect of favorable policy changes from the incoming Trump administration, reported Reuters.
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The tech-heavy Nasdaq Composite ended up by 102.77 points or 0.55% at 18,782.89 The S&P 500 ended higher by 23 points or 0.39% at 5,893.62, while the Dow Jones Industrial Average is trading up by 39.92 point or 0.09% at 43,430.52.
US Dollar
The US Dollar Index (DXY), which measures the value of the dollar against a basket of six foreign currencies, traded down by 0.41% at 106.23.
Crude Oil
WTI crude prices are trading at $68.99 down by 0.25%, while Brent crude prices are trading at $73.03 down by 0.37%, on Tuesday morning.
FII, DII Data
Foreign institutional investors (FII) offloaded shares worth Rs 1,403.40 crore, while domestic institutional investors (DII) bought shares worth Rs 2,330.56 crore on November 18, 2024, according to the provisional data available on the NSE.
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