GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 might see a subdued start on Friday as Asian markets traded on a lower note in early trade hours.
Previously, on Thursday, the NSE Nifty 50 closed 360 points or 1.49% lower to settle at 23,914, while the BSE Sensex rose 1,190 points or 1.48% to finish at 79,043.
Key global cues to know on November 29, 2024
Asian Markets
Asia-Pacific markets were trading on a lower note as investors assessed November’s inflation numbers in Japan and industrial production figures from South Korea. The headline inflation stood at 2.6%, higher than the 1.8% reported last month. Japan’s Nikkei 225 was down 0.66% at 38,099.78. The Korean index Kospi was down 1.70% at 2,462. Similarly, the Asia Dow was trading 0.40% lower at 3,694.48. The benchmark Chinese index, Shanghai Composite was trading flat at 3,295.
Wall Street
The US markets were not trading on November 28 on account of the Thanksgiving holiday. Also, it will close early on November 29.
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, slipped 0.26% to 105.90 on Friday 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 depreciated to 84.49 against the US Dollar on Friday.
Crude Oil
WTI crude prices were trading at $68.90 down by 0.04%, while Brent crude prices were trading at $72.59 down by 0.63%, on Friday morning.
FII, DII Data
Foreign institutional investors (FII) turned to be the net sellers of shares net worth Rs 11,756.25 crore. Meanwhile, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 8,718.30 crore on November 28, 2024, according to the provisional data available on the NSE.
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