Indian benchmark indices Sensex and Nifty 50 are likely to open flat on March 13 tracking cues from GIFT Nifty trading around 22,555, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
In a highly volatile session, benchmark indices Sensex and Nifty ended marginally lower as gains in banking and automobile shares were offset by losses in the IT sector on March 12.
At close, Sensex declined 0.1 percent, or 72.56 points, to settle at 74,029.76, while the Nifty slipped 0.12 percent, or 27.4 points, to 22,470.5.
Here is how financial markets across the globe fared overnight:GIFT Nifty (Flat)
The GIFT Nifty is trading flat at around 22,555, indicating a muted start for the day.
Asian Equities (Up)
Asian equities rose Thursday after cooler- than-forecast US inflation helped Wall Street rebound from two days of heavy losses.
US Equities (Mixed)
Global stocks rose on Wednesday with U.S. Treasury yields as relief over cooler U.S. inflation in February was countered by uncertainty around U.S. President Donald Trump's tariff policies and their potential impact on inflation and global growth.
The Dow Jones Industrial Average fell 82.55 points, or 0.20%, to 41,350.93, the S&P 500 rose 27.23 points, or 0.49%, to 5,599.30 and the Nasdaq Composite rose 212.36 points, or 1.22%, to 17,648.45.
US Bond Yield (Flat)
The yield on 10-year Treasuries and 2-year Treasuries were down marginally in the early trade on Thursday.
Dollar Index (Flat)
The dollar rebounded slightly on Thursday thanks to a rise in U.S. Treasury yields, though currencies traded in tight ranges as investors struggled to determine the impact of an escalating global trade war on U.S. inflation and growth.
Asian currencies (Mixed)
Asian currencies were trading mixed in the early Thursday trade with South Korean Won, Thai Baht, Taiwan Dollar leading the gainers, while Indonesian Rupiah, Malaysian Ringgit, Japanese Yen leading the losers.
Crude (Down)
Oil prices eased on Thursday after surging the day before as worries about the impact of intensifying tariff wars on global economic growth and energy demand outweighed the positive sentiment from a larger-than-expected draw in U.S. gasoline stocks.
Gold (Up)
Gold held a rally that put it back near a record, after a cooler-than-expected US inflation print
supported the case for further Federal Reserve monetary easing this year, while an escalating global trade war stoked haven buying.
Fund Flow Action
The Foreign institutional investors (FIIs) continued their selling in the month of March as they sold equities worth Rs 1,627.61 crore on March 12. However, domestic institutional investors (DIIs) continued their buying as they bought equities of more than Rs 1510 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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