Indian benchmark indices Sensex and Nifty 50 are likely to see a muted start on December 11, tracking cues from GIFT Nifty trading around 24,678.50, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
The Indian benchmark indices ended on a flat note in a highly volatile session on December 10. At close, the Sensex was up 1.59 points at 81,510.05, while the Nifty was down 8.95 points or 0.04 percent at 24,610.05.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Flat)
The GIFT Nifty is trading flat, indicating a muted start for the day. Nifty futures were trading at 24,678.50 at 07:00 am IST.
Asian Equities (Mixed)
Asian shares fluctuated as traders await key US inflation data for clues on whether the Federal Reserve will cut or hold interest rates next week.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Topix | 0.15 | 1.50 | 9.95 |
| Nikkei | -0.12 | 1.99 | 11.35 |
| Hang Seng | 0.66 | 5.77 | 22.82 |
| Taiwan | -0.78 | 3.30 | 22.73 |
| Kospi | 0.81 | -2.66 | -15.53 |
Wall Street's main indexes closed lower on Tuesday as technology sector losses offset gains in communications services, while investors waited for key inflation reports that may influence the Federal Reserve's next interest rate decisions.
Among the S&P 500's 11 major industry sectors, only three ended with gains a day ahead of the November reading of the Consumer Price Index, one of the last major reports ahead of the Fed's Dec 17-18 meeting. Headline inflation is expected to have risen slightly in November to 2.7% from 2.6% in October. The Producer Price Index report will follow on Thursday.
The Dow Jones Industrial Average fell 154.10 points, or 0.35%, to 44,247.83. The S&P 500 lost 17.94 points, or 0.30%, at 6,034.91 and the Nasdaq Composite fell 49.45 points, or 0.25%, to 19,687.24.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Dow Jones | -0.35 | -1.06 | 19.72 |
| S&P500 | -0.30 | 0.47 | 29.02 |
| Nasdaq | -0.25 | 2.88 | 33.74 |
The US 10-Year Treasury and 2-Year Treasury were up marginally in the early trade on Wednesday.
| Current Price | MTD | YTD | |
| US 10-Year Treasury | 4.22 | 4.30 | 4.23 |
| US 2-Year Treasury | 4.14 | 4.25 | 4.70 |
The dollar traded close to a two-week high versus the yen on Wednesday ahead of a highly anticipated reading of U.S. inflation that could provide clues on the pace of Federal Reserve interest rate cuts.
| Current Price | MTD | YTD | |
| Dollar Index | 106.37 | 105.54 | 104.09 |
Asian currencies traded mostly higher in the early trade on Wednesday. Thai Baht led the gainers, followed by South Korean Won, Japanese Yen, and China Renminbi.
| Change From Previous Close (%) | MTD (%) | MTD (%) | |
| Indonesian Rupiah | -0.025 | -1.14 | -2.97 |
| South Korean Won | 0.169 | -2.03 | -9.72 |
| Japanese Yen | 0.099 | 1.27 | -7.06 |
| Philippines Peso | -0.311 | 0.720 | -4.81 |
| Thai Baht | 0.303 | -2.54 | 1.74 |
| Taiwan Dollar | -0.145 | -0.545 | -5.93 |
| China Renminbi | 0.121 | -0.481 | -2.06 |
| Malaysian Ringgit | 0.023 | -0.363 | 3.78 |
| Singapore Dollar | 0.037 | -0.559 | -1.56 |
Oil prices rose slightly early on Wednesday, with market participants expecting to see demand rising in China next year after Beijing announced a looser monetary policy to stimulate economic growth.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| US West Texas | 0.12 | 1 | -4.16 |
| Brent Crude | 0.12 | -0.90 | -6.19 |
Gold held a three-day advance as traders prepared for US inflation data that will help determine whether the Federal Reserve cuts or holds rates next week at its final meeting of the year.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Gold | 0.26 | 2.16 | 30.92 |
| Silver | 0.31 | 4.42 | 34.48 |
Foreign institutional investors (FIIs) extended their buying on December 10, buying equities worth Rs 1,285.96 crore, while domestic institutional investors also bought equities worth Rs 605.79 crore on the same day.
| 10th Dec | MTD | YTD | |
| FII Net Flows | 1,285.96 | -32,030.30 | -2,67,227.07 |
| DII Net Flows | 605.79 | 45,234.05 | 5,16,220.22 |
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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