GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 might see a subdued start on Thursday as Asian markets traded on a mixed note in early trade hours following the US markets on Wedensday.
Previously, on Wednesday, the NSE Nifty 50 closed 80 points or 0.33% higher to settle at 24,275, while the BSE Sensex rose 230 points or 0.29% to finish at 80,234.
Key global cues to know on November 28, 2024
Asian Markets
Asia-Pacific markets were trading on a mixed note as the record-high rally in the US market stalled. Japan’s Nikkei 225 was down 0.20% at 38,060. The Korean index Kospi was up 0.14% at 2,506. Similarly, the Asia Dow was trading 0.23% lower at 3,700.98. The benchmark Chinese index, Shanghai Composite was 0.01% lower at 3,309.
Wall Street
US indices closed on a lower note on Wednesday ahead of Thanksgiving day. The 30-stock Dow Jones slipped 138 points or 0.31% to close at 44,722. The S&P 500 fell 0.38% to finish at 5,999. The technology-heavy Nasdaq Composite rose 0.6% to close the session at 19,060.
US Dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, gained 0.11% to 106.17 on Thursday 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 84.45 against the US Dollar on Thursday.
Crude Oil
WTI crude prices were trading at $68.71 down by 0.02%, while Brent crude prices were trading at $72.79 down by 0.05%, on Thursday morning.
FII, DII Data
Foreign institutional investors (FII) turned to be the net buyers of shares net worth Rs 7.78 crore. Meanwhile, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 1,301.97 crore on November 27, 2024, according to the provisional data available on the NSE.
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