Indian benchmark indices Sensex and Nifty 50 are likely see flat opening on March 28 tracking cues from GIFT Nifty trading around 23,753, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Bulls dominated the trading session on March 27, erasing early weakness over US automotive tariffs, with benchmark Nifty 50 index ending near 23,600 on across-the-board buying, barring auto and pharma names.
At close, the Sensex was up 317.93 points or 0.41 percent at 77,606.43, and the Nifty was up 105.10 points or 0.45 percent at 23,591.95. BSE Midcap index was up 0.5 percent and Smallcap index rose nearly 1 percent.
Here is how financial markets across the globe fared overnight:GIFT Nifty (Flat)
The GIFT Nifty is trading flat around 23,753, indicating a muted start for the day.
Asian Equities (Down)
Asian shares dropped Friday, mirroring US equities, as concerns about the upcoming ‘reciprocal tariffs’ and a widening trade war overshadowed data showing the US economy grew faster than estimated.
US Equities (Down)
The S&P 500 ended lower on Thursday, as investors grappled with U.S. President Donald Trump’s latest trade tariff announcement that hit shares of General Motors and Ford.
The S&P 500 declined 0.33% to end the session at 5,693.31 points.
The Nasdaq dropped 0.53% to 17,804.03 points, while the Dow Jones Industrial Average declined 0.37% to 42,299.70 points.
US Bond Yield (Down)
The yield on 10-year Treasuries fell 27 basis points ta 4.34 percent, while 2-year Treasuries Yield remained unchang at 3.98 percent.
Dollar Index (Flat)
The dollar was headed for a steady week on Friday and a quarterly loss next week as concern about tariffs slowing U.S. growth has pushed down U.S. yields, stocks and the currency.
Asian currencies (Mixed)
Asian currencies were trading mostly higher in the early Friday trade. However, on year-to-date basis, Japanese Yen outperformed the others, while Indonesian Rupiah fell more than 2 percent.
Crude (Up)
Oil headed for a third weekly advance as the market braced for more tariffs from the Trump
administration.
Gold (Gains)
Gold rose to a record as concerns about a widening trade war remained front of mind for investors, after President Donald Trump pushed ahead with US tariffs on all auto imports.
Fund Flow Action
The Foreign institutional investors (FIIs) bought equities worth Rs 11,111 crore on March 27, while Domestic institutional investors (DIIs) also bought equities of Rs 2517 crore, on the same day.
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