The GIFT Nifty indicated that the Indian equity indices will open on a negative note as they take indications from early trading Asian indices that were trading lower. The US markets prompted this action across the global markets as it slumped on Monday on recessionary fears. Last week, investor sentiment was struck by a salvo of tariff news.
Previously, on Monday, the NSE Nifty 50 closed the session 92 points or 0.41% lower at 22,460, while the BSE Sensex fell 217 points or 0.29% to close at 74,115.
Key global and domestic cues to know on March 11, 2025 Asia Markets
Asia markets declined in early trading hours following the fall in the US markets on Monday. Japan’s Nikkei 225 was trading 1.9% lower at 36,326. The Asia Dow plummeted 2.3% to 3,634.94. South Korea’s Kospi was down 1.78% at 2,525. The Shanghai Composite fell 0.34% to trade at 3,355.
US markets
The recessionary fears jolted the US markets on Monday. The US President Donald Trump’s tariff Policy and the retaliatory tariffs imposed by several countries in response sparked recession concerns. The S&P 500 fell 2.70%, closing at 5,614.56. The Dow Jones Industrial Average declined almost 900 points, or 2%, to close at 41,911.71. The Nasdaq Composite plummeted 4%, ending the session at 17,468.32.
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The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down 0.10% at 103.74 on Tuesday 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 depreciated 0.52% to close at 87.33 to the dollar on March 11.
Crude oil
The crude oil prices trade higher on Tuesday. WTI crude prices were trading at $66.07 up by 0.06%, while Brent crude prices were trading at $69.37 up by 0.13%, on Tuesday morning.
FII, DII data
Foreign institutional investors (FII) were the net sellers of shares worth Rs 485.41 crore. Meanwhile, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 263.51 crore on March 10, 2024, according to the provisional data available on the NSE.
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The 24-carat gold price today is Rs 85,730 per 10 grams.
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