Indian benchmark indices Sensex and Nifty are likely to open on a weaker note on August 6, tracking cues from GIFT Nifty was trading around 24,661.50 a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Indian equity indices erased some of the previous session gains to end on a negative note with Nifty below 24,700 amid selling seen in most of the sectoral indices except auto.
At close, the Sensex was down 308.47 points or 0.38 percent at 80,710.25, and the Nifty was down 73.20 points or 0.30 percent at 24,649.55.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Down)
The GIFT Nifty is trading lower at around 24,661.50, indicating a negative opening for the day.
Asian Equities (Mixed)
Asian stocks struggled for direction at the open after weakening US services data fueled uncertainty about the Federal Reserve’s policy path.
US Equities (Down)
US stocks ended lower on Tuesday as investors weighed the impact of tariffs after Yum Brands and other companies cited trade duties in their results or outlooks.
The Dow Jones Industrial Average fell 61.90 points, or 0.14%, to 44,111.74, the S&P 500 lost 30.75 points, or 0.49%, to 6,299.19, and the Nasdaq Composite lost 137.03 points, or 0.65%, to 20,916.55.
US Bond Yield (Flat)
The yield on 10-year Treasuries and 2-year Treasuries remained unchanged in the early Wednesday trade.
Dollar Index (Flat)
The dollar was rangebound on Wednesday, with investors choosing to stay on the sidelines ahead of U.S. President Donald Trump's pick to fill a coming vacancy on the Federal Reserve's Board of Governors.
Asian currencies (Down)
Asian currencies were trading mostly lower in the early trade on Wednesday. However, on a year-to-date basis, except the Indonesian Rupiah, all other currencies were trading higher with a gain of up to 9 percent.
Crude (Up)
Oil prices climbed on Wednesday, rebounding from a five-week low in the previous day, on concerns of supply disruptions after U.S. President Donald Trump's threats of tariffs on India over its Russian crude purchases.
Gold (Flat)
Gold held its longest streak of gains since February, boosted by fears of a US economic slowdown that has increased haven demand, along with traders’ bets on lower interest rates.
Fund Flow Action
The Foreign institutional investors (FIIs) sold equities worth Rs 22 crore on August 5, while Domestic institutional investors (DIIs) bought equities worth Rs 3840 crore on the same day.
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