The GIFT Nifty indicated that the Indian equity indices will open on a flat to negative note as they take indications from early trading Asian indices that were trading mixed. The US markets closed the session on a positive note on Friday. However, last week, investor sentiment was struck by a salvo of tariff news.
Previously, on Friday, the NSE Nifty 50 finished the session 420 points or 1.86% lower at 22,124.70, while the BSE Sensex declined 1,414 points or 1.90% to close at 73,198.
Key global and domestic cues to watch on March 10, 2025 Asia Markets
Asia markets traded mixed on Monday morning as last week investors were hit by the trade war initiated by US President Donald Trump. Japan’s Nikkei 225 traded flat at 36,886. The Asia Dow was trading 1.6% lower at 3,717.31. South Korea’s Kospi was up 0.37% at 2,573. The Shanghai Composite was trading flat at 3,373.
US markets
The US stock markets closed Friday’s trade on a higher note. The S&P 500 advanced 0.55%, closing at 5,770.20. The Dow Jones Industrial Average rose 222.64 points, or 0.52%, to close at 42,801.72. The Nasdaq Composite added 0.7%, ending the session at 18,196.22.
Tariff war: China retaliates
China announced 10-15% tariffs on a host of products in response to tariffs from the US. Those tariffs will come into effect on Monday. China has put tariffs on primarily agricultural products like rapeseed oil, rapeseed meal, pea products, etc.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down 0.23% at 103.60 on Monday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. The rupee appreciated 0.29% to close at 86.87 to the dollar on March 07.
Crude oil
The crude oil prices continued to trade lower on Monday. WTI crude prices were trading at $66.83 down by 0.29%, while Brent crude prices were trading at $70.17 down by 0.28%, on Monday morning.
FII, DII data
Foreign institutional investors (FII) were the net sellers of shares worth Rs 2,320.36 crore. Meanwhile, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 2,320.36 crore on March 07,
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