Indian benchmark indices Sensex and Nifty 50 are likely to open flat on March 12 tracking cues from GIFT Nifty trading around 22,554, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
The markets ended on a flat note in yet another volatile session on March 11 with Nifty around 22,500 amid buying seen in the metal, realty, telecom, oil & gas stocks.
At close, the Sensex was down 12.85 points or 0.02 percent at 74,102.32, and the Nifty was up 37.60 points or 0.17 percent at 22,497.90.
Here is how financial markets across the globe fared overnight:GIFT Nifty (Flat)
The GIFT Nifty is trading flat at around 22,554, indicating a muted start for the day.
Asian Equities (Up)
Asian stocks traded in a tight range after President Donald Trump played down fears of a recession, which helped US stocks stage a late-day recovery after whipsawing all day.
US Equities (Down)
US stocks fell on Tuesday, adding to the biggest selloff in months, as investors worried about the impact of the latest tariff threats on the global economy.
The Dow Jones Industrial Average fell 478.23 points, or 1.14%, to 41,433.48, the S&P 500 lost 42.49 points, or 0.76%, to 5,572.07 and the Nasdaq Composite lost 32.23 points, or 0.18%, to 17,436.10.
US Bond Yield (Down)
The yield on 10-year Treasuries were down 13 basis points to 4.27%, and the yield on 2-year Treasuries were down 16 basis points to 3.93%.
Dollar Index (Flat)
The dollar languished near a five-month low versus major peers on Wednesday, as worries about the U.S. economy continued to simmer under President Donald Trump's unpredictable trade policies.
Asian currencies (Down)
Asian currencies were trading mostly lower in the early trade on Wednesday with Indonesian Rupiah leading the losers followed by Malaysian Ringgit, Singapore Dollar, Taiwan Dollar, Japanese Yen.
Crude (Up)
Oil prices edged up early on Wednesday, helped by a weaker dollar, but mounting fears of a U.S. economic slowdown and the impact of tariffs on global economic growth capped gains.
Gold (Down)
Gold prices were trading marginally lower but holding above USD 2,900 an ounce, while Silver prices declined 0.5 percent to trade at USD 32.78 per ounce.
Fund Flow Action
The Foreign institutional investors (FIIs) continued their selling on March 11 as they sold equities worth Rs 2,823 crore. On the other hand, domestic institutional investors (DIIs) continued their buying as they bought equities of more than Rs 2,000 crore, on the same day.
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