Indian benchmark indices Sensex and Nifty 50 are likely to see a flat to positive start on December 12, tracking cues from GIFT Nifty trading around 24,751 , 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 marginally higher, indicating a flat start for the day. Nifty futures were trading at 24,751 at 07:00 am IST.
Asian Equities (Up)
Asian stocks rose Thursday after US equities snapped a two-day slide on benign inflation data that supported expectations of a Federal Reserve interest rate cut this month.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Topix | 1.17 | 2.59 | 11.15 |
| Nikkei | 1.60 | 3.53 | 13.03 |
| Hang Seng | 0.13 | 4.49 | 21.28 |
| Kospi | 1.03 | 4.38 | 23.81 |
| Taiwan | 0.74 | -1.90 | -14.88 |
The Nasdaq Composite Index hit 20,000 for the first time on Wednesday, putting an exclamation point on a year in which excitement over artificial intelligence and expectations of falling interest rates fueled a searing rally in technology stocks.
The tech-heavy index is up more than 33% on the year, driven by a cluster of giant technology-focused companies including Apple, Nvidia, Google-parent Alphabet and in recent weeks, electric carmaker Tesla. Wednesday’s gains came after a U.S. inflation report that cemented expectations of a Fed rate cut next week.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Dow Jones | -0.22 | -1.29 | 19.44 |
| S&P500 | 0.82 | 1.27 | 30.06 |
| Nasdaq | 1.77 | 4.68 | 36.08 |
The US 10-Year and 2-Year Treasury were trading flat in the early trade on Thursday.
| Current Price | MTD | YTD | |
| US 10-Year Treasury | 4.27 | 4.42 | 4.20 |
| US 2-Year Treasury | 4.15 | 4.34 | 4.73 |
The US dollar traded in a narrow range on Thursday after hitting a two-week high in the previous session, supported by a rise in U.S. Treasury yields even as market players bet the U.S. Federal Reserve will cut interest rates next week.
| Current Price | MTD | YTD | |
| Dollar Index | 106.52 | 106.02 | 103.86 |
Asian currencies were trading mixed in the early trade on Thursday.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | -0.302 | -1.43 | -3.26 |
| South Korean Won | -0.217 | -1.65 | -9.89 |
| Japanese Yen | 0.237 | 1.67 | -7.25 |
| Philippines Peso | -0.074 | 0.835 | -5.08 |
| Thai Baht | -0.077 | 2.75 | 1.07 |
| Taiwan Dollar | 0.197 | -0.182 | -5.90 |
| China Renminbi | 0.026 | -0.361 | -2.21 |
| Malaysian Ringgit | 0.072 | 0.199 | 3.69 |
| Singapore Dollar | 0.171 | -0.355 | -1.66 |
Oil prices were little changed in early Asian trade on Thursday as forecasts of weak demand and a higher-than-expected rise in U.S. gasoline and distillate inventories stemmed gains from an additional round of European Union sanctions that threatened Russian oil flows.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| US West Texas | 0.06 | 3.28 | -1.88 |
| Brent Crude | 0.10 | 0.89 | -4.48 |
Gold price down marginally after a key US inflation report supported expectations for another interest rate cut by the Federal Reserve when policymakers meet next week.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Gold | -0.27 | 2.58 | 31.41 |
| Silver | 0.06 | 4.24 | 34.13 |
Foreign institutional investors (FIIs) turned net sellers on December 11, as they offloaded equities worth Rs 1012 crore, while domestic institutional investors bought equities worth Rs 2,007.85 crore on the same day.
| 11th Dec | MTD | YTD | |
| FII Net Flows | -1,012.24 | -33,042.54 | -2,68,239.31 |
| DII Net Flows | 2,007.85 | 47,241.90 | 5,18,228.07 |
Hope you're all set for today's trade, we wish you a profitable day ahead.
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