GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 might see a muted start on Wednesday as Asian markets were majorly trading on a lower note in early trade hours.
Previously, on Tuesday, the NSE Nifty 50 closed the session 181 points or 0.75% higher at 24,457, while the BSE Sensex rose 597 points or 0.74% to close at 80,845.
Key global cues to know on December 04, 2024
Asian Markets
Asia-Pacific markets were trading on a lower note following martial law enforcement in South Korea. Japan’s Nikkei 225 was down 0.18% at 39,179. The Korean index Kospi bled 1.96% to 2,451. However, the Asia Dow was trading 0.41% higher at 3,772.18. The benchmark Chinese index, Shanghai Composite fell 0.36% to 3,366.
South Korea martial law
South Korean President Yoon Suk Yeol declared “emergency martial law” on Tuesday, accusing opposition parties of crippling governance, sympathizing with North Korea, and undermining the nation’s constitutional order. However, on Wednesday morning, South Korea’s president lifted his martial law declaration after Parliament voted against the measure, rejecting his claim that political opponents had made the nation vulnerable to North Korean “communist forces.”
Wall Street
US indices closed on a higher note on Tuesday. The S&P 500 added 0.05% to finish at 6,049, hitting another record high. The technology-heavy Nasdaq Composite rose 0.40% to close the session at 19,480. However, the 30-stock Dow Jones slipped 76.47 points or 0.17% to close at 44,705.
US Dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, rose 0.03% to 106.40 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 closed at 84.69 against the US Dollar on Tuesday.
Crude Oil
WTI crude prices were trading at $69.97 down by 0.01%, while Brent crude prices were trading at $73.61 down by 0.08%, on Wednesday morning.
FII, DII Data
Foreign institutional investors (FII) were the net sellers of shares net worth Rs 3,664.67 crore. Meanwhile, the Domestic institutional investors (DII) were the net sellers of shares worth Rs 250.99 crore on December 03, 2024, according to the provisional data available on the NSE.
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