Indian benchmark indices Sensex and Nifty are likely to open higher today, tracking GIFT Nifty, which was hovering around 24,462 earlier this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Bears came back strongly on August 8, dragging Nifty below 24,400 for the first time since May 7, 2025, amid selling across the sectors and rising concern over fresh tariffs from the US.
At close, the Sensex was down 765.47 points or 0.95 percent at 79,857.79, and the Nifty was down 232.85 points or 0.95 percent at 24,363.30. The BSE Midcap index fell 1.5 percent, and the smallcap index shed 1 percent.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Gains)
The GIFT Nifty is trading higher at around 24,462, indicating a positive start for the day.
Asian Equities (Down)
Major share indexes crept higher in Asia on Monday as upbeat company earnings underpinned high valuations in the tech sector, while a crucial report on U.S. inflation would likely set the course of the dollar and bonds.
US Equities (Up)
US stocks ended higher, and the Nasdaq notched a record closing high for the second straight day on Friday as technology-related shares, including Apple, gained, and as investors were optimistic about potential interest rate cuts.
The Dow Jones Industrial Average rose 206.97 points, or 0.47%, to 44,175.61, the S&P 500 gained 49.45 points, or 0.78%, to 6,389.45, and the Nasdaq Composite gained 207.32 points, or 0.98%, to 21,450.02.
US Bond Yield (Rises)
The yield on 10-year Treasuries and 2-year Treasuries were up 3 basis points each at 4.28 percent and 3.76 percent, respectively..
Dollar Index (Up)
The US dollar stabilised on Monday after last week's losses, as markets await Tuesday's key U.S. CPI report for July and focus on developments in trade talks between Washington and Beijing ahead of a deadline to avoid the imposition of higher tariffs.
Asian currencies (Mixed)
Asian currencies were trading mixed in the early Monday trade, with Indonesian Rupiah, South Korean Won, Thai Baht, Taiwan Dollar trading lower, while the Japanese Yen, Philippines Peso, China Renminbi, Malaysian Ringgit, Singapore Dollar were up marginally.
Crude (Down)
Oil prices fell in early Asian trading on Monday, extending declines of more than 4% last week on higher U.S. tariffs on its trading partners, an OPEC output hike, and expectations the U.S. and Russia were moving closer to a Ukraine ceasefire pact.
Gold (Down)
In commodity markets, gold dipped to $ 3,376 an ounce after wild swings last week on reports that the U.S. would slap 39% tariffs on some gold bars, which are major exports of Switzerland.
Fund Flow Action
After remaining net sellers for the last 14 sessions, the Foreign institutional investors (FIIs) turned net buyers on August 8 as they bought equities worth nearly Rs 1932 crore, while Domestic institutional investors (DIIs) bought equities worth Rs 7723 crore on the same day.
Hope you're all set for today's trade. We wish you a profitable day ahead.
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