GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a higher start on Monday as Asian markets were trading on a higher note in early trade hours. While, the US markets closed Friday’s session on a record-high note.
Previously, on Friday, the NSE Nifty 50 closed 557 points or 2.39% higher to settle at 23,907, while the BSE Sensex fell 1,961 points or 2.54% to finish at 79,117.
Key global cues to know on November 25, 2024
Asian Markets
Asia-Pacific markets were trading on a higher note as it awaited third-quarter GDP numbers from India and the rate decisions from Korea’s central bank. Japan’s Nikkei 225 was up 1.72% at 38,941. The Korean index Kospi was up 1.32 at 2,534. However, the Asia Dow was trading 1.81% higher at 3,742.16. The benchmark Chinese index, Shanghai Composite, was trading flat at 3,267.
US Dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, slipped 0.60% to 106.88 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 fell to 84.46 against the US Dollar on Monday.
Crude Oil
WTI crude prices were trading at $71.45 up by 0.28%, while Brent crude prices were trading at $75.33 up by 0.21%, on Monday morning.
Wall Street
US indices closed on a higher note on Friday. The 30-stock Dow Jones advanced 426.16 points or 0.97% to close at 44,296.51, marking a new all-time high. The S&P 500 gained 0.35% to finish at 5,969. The technology-heavy Nasdaq Composite rose 0.16% to close the session at 19,003.65.
FII, DII Data
Foreign institutional investors (FII) were the net sellers of shares net worth Rs 1,278.37 crore. Meanwhile, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 1,722.15 crore on November 22, 2024, according to the provisional data available on the NSE.
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