Indian benchmark indices Sensex and Nifty 50 are likely to see a positive start on April 15, tracking cues from GIFT Nifty trading around 23,309 a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
The bulls were back in action on Dalal Street (after a holiday gap) with benchmark indices rising nearly 2 percent on April 11 amid buying across the sectors after US President Donald Trump put 90-day pause on reciprocal tariffs for all countries except China. Although the 10 percent baseline tariffs will remain in place.
At close, the Sensex was up 1,310.11 points or 1.77 percent at 75,157.26, and the Nifty was up 429.40 points or 1.92 percent at 22,828.55.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Up)
The GIFT Nifty is trading higher at around 23,309, indicating a positive start for the day.
Asian Equities (Gain)
Japanese stocks led gains in Asia while US stock futures edged down as investors continued to evaluate mixed messages on tariffs from the Trump administration.
US Equities (Up)
US stocks ended higher on Monday, with Apple giving the S&P 500 its biggest boost as the White House exempted smartphones and computers from new tariffs.
The Dow Jones Industrial Average rose 312.08 points, or 0.78%, to 40,524.79, the S&P 500 rose 42.61 points, or 0.79%, to 5,405.97 and the Nasdaq Composite rose 107.03 points, or 0.64%, to 16,831.48.
US Bond Yield (Down)
The US 10-year Treasury yields decreased by 40 basis points to 4.35%, while US 2 year bond yield was up 5 bps to 3.84%
Dollar Index (Up)
The dollar was steady on Tuesday but stayed close to the three-year low against the euro and a six-month trough against the yen it hit last week as investors struggled to make sense of the back-and-forth changes on U.S. tariffs.
Asian currencies (Mixed)
Asian currencies were trading mixed in the early Tuesday trade with Japanese Yen, South Korean Won and China Renminbi were trading lower, while Thai Baht, Taiwan Dollar, Malaysian Ringgit were trading with marginal gains.
Crude (Gains)
Oil prices climbed in early trading on Tuesday, boosted by new tariff exemptions floated by President Donald Trump and a rebound in China crude oil imports in anticipation of tighter Iranian supply.
Gold (Up)
Gold held firm just below a record high set in the week’s opening session as US plans to impose more tariffs stoked investor anxiety.
Fund Flow Action
The Foreign institutional investors (FIIs) extended their selling on ninth day on April 11 as they sold equities worth Rs 2519 crore, however, Domestic institutional investors (DIIs) bought equities of Rs 3759 crore on same day.
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