Indian benchmark indices Sensex and Nifty are likely to see a weak start on July 11, tracking cues from GIFT Nifty trading around 25,278 a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Benchmark indices failed to build on early gains and ended lower for a second consecutive session on July 10, with Nifty closing below 25,400 as investors remained worried over US President Trump’s tariff moves, ahead of TCS Q1FY26 earnings.
At close, the Sensex was down 345.80 points or 0.41 percent at 83,190.28, and the Nifty was down 120.85 points or 0.47 percent at 25,355.25. Nifty Midcap and smallcap indices shed 0.3 percent each.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Down)
The GIFT Nifty is trading lower at around 25,278, indicating a weak start for the day.
Asian Equities (Mixed)
Asian equities pared their gains to trade flat Friday. The Canadian dollar weakened after the president said he will impose 35% on goods from the country.
US Equities (Up)
The S&P 500 and the Nasdaq Composite rose modestly to post record closing highs on Thursday, boosted by an upbeat forecast from Delta Air Lines and a record close for Nvidia while investors shrugged off President Donald Trump's latest tariffs.
The Dow Jones Industrial Average rose 192.34 points, or 0.43%, to 44,650.64, less than 1 percentage point below its record close, reached in early December.
The S&P 500 gained 17.20 points, or 0.27%, to 6,280.46 and the Nasdaq Composite gained 19.33 points, or 0.09%, to 20,630.67.
US Bond Yield (Down)
The yields on the 10-year Treasury and 2-year Treasury yields were trading marginally lower at 4.33 percent and 3.85 percent respectively.
Dollar Index (Flat)
A dollar gauge erases losses for the day after jobless claims fell for a fourth week. The Swiss franc was lagging behind all peers in the Group of 10, while the Australian and New Zealand dollars were outperforming.
Asian currencies (Down)
Among Asian currencies except Indonesian Rupiah, China Renminbi, all other currencies were trading lower in the early trade on Thursday. However, on year-to-date, basis Taiwan Dollar rose 12 percent, while South Korean Won and Japanese Yen added 7 percent each.
Crude (Gains)
Oil prices steadied in early trading on Friday following a 2% drop in the previous session that was driven by U.S. President Donald Trump's new tariffs, expected to hurt economic growth, and a cut to OPEC demand forecasts.
Gold (Up)
Gold steadied after a two-day climb as traders focused on tariff threats from President Donald Trump and the outlook for US monetary policy.
Fund Flow Action
The Foreign institutional investors (FIIs) bought equities worth Rs 221 crore on July 10, while Domestic institutional investors (DIIs) also purchased equities worth Rs 591 crore on the same day.
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