GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 might see a muted start on Wednesday as Asian markets were trading on a mixed note in early trade hours despite a record high session in the US markets on Tuesday.
Previously, on Tuesday, the NSE Nifty 50 closed 27 points or 0.11% lower to settle at 24,195, while the BSE Sensex fell 106 points or 0.13% to finish at 80,004.
Key global cues to know on November 27, 2024
Ukraine strikes Russia
Ukraine struck an advanced Russian air-defence system in the border Kursk region, according to Ukraine’s military, shortly after the U.S. green-lit attacks over the border using long-range American weapons and as North Korean soldiers are expected to join front-line clashes in the area. The Russian defence ministry claimed that Ukraine had used more than a dozen U.S.-delivered missiles known as Army Tactical Missile Systems, or ATACMS, to strike its territory twice. To this Russia retaliated with a drone attack as Ukraine’s military has reported that a significant and large-scale drone attack orchestrated by Russia overnight, characterizing it as the most extensive assault of its kind thus far.
Asian Markets
Asia-Pacific markets were trading on a mixed note despite overnight record gains in the US markets. Japan’s Nikkei 225 was down 0.68% at 38,178. The Korean index Kospi was up 0.07% at 2,521. Similarly, the Asia Dow was trading 0.76% lower at 3,699.47. The benchmark Chinese index, Shanghai Composite was trading flat at 3,259.
Wall Street
US indices closed on a higher note on Tuesday. The 30-stock Dow Jones advanced 124 points or 0.28% to close at 44,860.57. The S&P 500 gained 0.57% to finish at 6,021.63, hitting a fresh lifetime closing high. The technology-heavy Nasdaq Composite rose 0.63% to close the session at 19,174.
US Dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, gained 0.01% to 106.83 on Wednesday 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 appreciated to 84.33 against the US Dollar on Wednesday.
Crude Oil
WTI crude prices were trading at $68.74 down by 0.04%,
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