Taking cues from Asia and overnight gains in the US markets, GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 imply to open on a higher note on Friday.
Previously, on Thursday, the NSE Nifty 50 finished the session 14 points or 0.06% lower at 23,031.40, while the BSE Sensex lost 32.11 points or 0.04% to close at 76,138.
Key global and domestic cues to know on February 14, 2025
Modi-Trump meet
US President Donald Trump said Prime Minister Narendra Modi has agreed to key measures and trade negotiations. Both countries have set a goal to more than double bilateral trade and they are targetting trade to reach $500 billion by 2030. Trump also discussed setting up the biggest trade route via Israel including Italy. Trump also said the US would offer the F-35 warplane to India as part of a larger commitment to strengthen defence relations. The US will increase sales of military hardware to India by “many billions of dollars,” said Trump at a joint White House press conference with Modi. However, Trump also highlighted the high trade tariffs by India. The reciprocal tariffs against US trading partners may start in April. According to Trump, this decision was spurred by failed attempts to get India to lower its import taxes.
ALSO READPM Modi-Trump Meet LIVE: ‘Modi a tough negotiator’, says Trump; Modi rebuts, ‘word deal copyright belongs to Trump’ Asia Markets
Asia markets traded on a mixed note taking cues from the overnight gains in the US markets. Japan’s Nikkei 225 was trading 0.57% lower at 39,236. The Asia Dow was trading 1.6% higher at 3,839.70. South Korea’s Kospi rose 0.36% in early trade hours. The Shanghai Composite was trading 0.10% higher at 3,335.81. Hong Kong’s key index Hang Seng was trading 0.97% higher at 22,027.07.
US markets
The US stock markets closed Thursday’s trade on a higher note as trade tension around tariffs appears to ease out. The Dow Jones Industrial Average advanced 342.87 points, or 0.77%, to 44,711.43. The S&P 500 rose 1.04% to finish at 6,115.07. Nasdaq Composite gained 1.50% to end at 19,945.64.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down 0.25% at 107.04 on Friday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies.
» Read More
