GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 might see a muted start on Tuesday despite Asian markets trading on a higher note in early trade hours.
Previously, on Monday, the NSE Nifty 50 closed 145 points or 0.60% higher to settle at 24,276, while the BSE Sensex rose 445 points or 0.56% to finish at 80,248.
Key global cues to know on December 03, 2024
Asian Markets
Asia-Pacific markets were trading on a higher note following the overnight gains in the US markets as key indices hit record highs. Japan’s Nikkei 225 was up 1.61% at 39,126. The Korean index Kospi was up 1.70% at 2,496. Similarly, the Asia Dow was trading 2.16% higher at 3,779.61. The benchmark Chinese index, Shanghai Composite was trading flat at 3,364.
Wall Street
US indices closed on a record higher note on Monday kicking off December with gains. The S&P 500 added 0.24% to finish at 6,047. The technology-heavy Nasdaq Composite rose 0.97% to close the session at 19,404. However, the 30-stock Dow Jones slipped 128 points or 0.29% to close at 44,782.
US Dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, rose 0.15% to 106.52 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 depreciated to a record low on Monday to 84.70 against the US Dollar on Friday.
Crude Oil
WTI crude prices were trading at $68.10 down by 0.12%, while Brent crude prices were trading at $71.85 down by 0.11%, on Tuesday morning.
FII, DII Data
Foreign institutional investors (FII) turned to be the net sellers of shares net worth Rs 238.28 crore. Meanwhile, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 3,588.66 crore on December 02, 2024, according to the provisional data available on the NSE.
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