Indian benchmark indices Sensex and Nifty 50 are likely to open marginally higher on February 19, tracking cues from GIFT Nifty trading around 23,006.00, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Benchmark indices ended marginally lower after yet another volatile session that saw Sensex fall by 29.47 points or 0.04 percent to 75,967.39, and the Nifty 50 lower by 14.20 points or 0.06 percent at 22,945.30, on February 18.
BSE Midcap index ended down 0.2 percent, rising sharply from early lows, and smallcap index ended 1.7 percent lower.
Here is how financial markets across the globe fared overnight:GIFT Nifty (Flat)
The GIFT Nifty is a trading marginally higher, indicating a flat to positive start for the day. Nifty futures were trading at 22,962.5 at around 07:10 am IST.
Asian Equities (Mixed)
Asian equities fluctuated in early trade as the threat of a broader global trade war and geopolitical uncertainty outweighed a rally in chipmakers that drove the S&P 500 to a record.
US Equities (Flat)
The S&P 500 squeaked past its previous record closing high on Tuesday at the top of a holiday-shortened week, with earnings season winding down, US Federal Reserve minutes on tap, and geopolitical uncertainties churning in the background.
The three major stock indexes wobbled between red and green for much of the session, but all three managed to flip green in the closing minutes.
The Dow Jones Industrial Average rose 10.26 points, or 0.02%, to 44,556.34, the S&P 500 gained 14.95 points, or 0.24%, to 6,129.58 and the Nasdaq Composite gained 14.49 points, or 0.07%, to 20,041.26.
US Bond Yield (Gains)
The yield on 10-year Treasuries 2-year Treasuries were up marginally in the early trade on Wednesday.
Dollar Index (Gains)
The US dollar perked up on Wednesday on the back of tariff concerns and tense Russia-Ukraine negotiations, while the New Zealand dollar steadied as traders braced for another super-sized interest rate cut.
Asian currencies (Mixed)
Asian currencies were trading mixed against the US dollar in the early trade on Wednesday.
Crude (Gains)
Oil snapped a three-session losing streak to settle near $72 a barrel after OPEC+ delegates said the cartel may postpone supply increases set to begin in April.
Gold (Down)
Gold was steady near a record high, with fresh tariff threats from President Donald Trump and mounting geopolitical uncertainties fanning haven demand.
Fund Flow Action
After remaining net sellers for the last 9 sessions, the Foreign institutional investors (FIIs) bought equities worth Rs 4,786 crore on February 18. However, domestic institutional investors (DIIs) extended the buying on 10th session, as they bought equities worth Rs 3,072 crore, on the same day.
Hope you're all set for today's trade, we wish you a profitable day ahead.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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