GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative start on Tuesday as Asian markets were trading on a lower note in early trade hours despite a record high session in the US markets on Monday.
Previously, on Monday, the NSE Nifty 50 closed 315 points or 1.32% higher to settle at 24,222, while the BSE Sensex rose 993 points or 1.25% to finish at 80,110.
Key global cues to know on November 26, 2024
Wall Street
US indices closed on a higher note on Monday as investors bet on Trump’s pick for Treasury Secretary. The 30-stock Dow Jones advanced 440 points or 0.99% to close at 44,736.57, marking a new all-time high. The S&P 500 gained 0.3% to finish at 5,987, hitting a fresh lifetime high. The technology-heavy Nasdaq Composite rose 0.27% to close the session at 19,054.84.
US Dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, slipped 0.04% to 107.28 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 fell to 84.29 against the US Dollar on Tuesday.
Crude Oil
WTI crude prices were trading at $68.72 up by 0.32%, while Brent crude prices were trading at $72.80 up by 0.29%, on Tuesday morning.
Asian Markets
Asia-Pacific markets were trading on a lower note, failing to trail the overnight gains in the US markets. Japan’s Nikkei 225 was down 1.56% at 38,175. The Korean index Kospi was down 0.59% at 2,518. Similarly, the Asia Dow was trading 0.60% lower at 3,695.14. The benchmark Chinese index, Shanghai Composite was trading flat at 3,264.
FII, DII Data
Foreign institutional investors (FII) turned to be the net buyers of shares net worth Rs 9,947.55 crore. Meanwhile, the Domestic institutional investors (DII) were the net sellers of shares worth Rs 6,907.97 crore on November 25, 2024, according to the provisional data available on the NSE.
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