Indian benchmark indices Sensex and Nifty 50 are likely to open on a positive note on April 23, tracking cues from GIFT Nifty trading around 24,391 a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Domestic indices Nifty 50 and Sensex extended their rally for the sixth consecutive session on April 22, albeit on a more muted note compared to the bumper gains recorded during this winning streak.
At close, the Sensex was up 187.09 points or 0.24 percent at 79,595.59, and the Nifty was up 41.70 points or 0.17 percent at 24,167.25.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Up)
The GIFT Nifty is trading higher at around 24,391, indicating a strong start for the day.
Asian Equities (Gain)
Stock markets were enjoying a much-needed relief rally in Asia on Wednesday after President Donald Trump said he had no plans to fire the head of the Federal Reserve, and hinted at lower tariffs for China.
US Equities (Gain)
US stocks rebounded on Tuesday from the previous day's selloff as investors focused on earnings, while the dollar rose after U.S. Treasury Secretary Scott Bessent said in a closed-door meeting that he believes there will be a de-escalation in U.S.-China trade tensions.
The Dow Jones Industrial Average rose 1,016.57 points, or 2.66%, to 39,186.98, the S&P 500 rose 129.56 points, or 2.51%, to 5,287.76, and the Nasdaq Composite rose 429.52 points, or 2.71%, to 16,300.42.
US Bond Yield (Mixed)
The US 10-year Treasury yields decreased by 84 basis points to 4.36%, and the US 2-year bond yield was up 12 bps to 3.82%.
Dollar Index (Up)
The dollar rallied after President Donald Trump said he had no intention of firing Federal Reserve Chairman Jerome Powell.
Asian currencies (Down)
Asian currencies were trading mostly lower against the US dollar in the early Wednesday trade, with the Malaysian Ringgit leading as the top loser, followed by the Indonesian Rupiah, South Korean Won, Taiwan Dollar, Japanese Yen, while China Renminbi, Philippines Peso were trading with marginal gains.
Crude (Rises)
Oil prices rose almost 1% in early trade on Wednesday, extending the prior day's gains as investors weighed a fresh round of sanctions on Iran, a drop in U.S. crude stocks, and a softer tone from Donald Trump on the Federal Reserve.
Gold (Down)
Gold fell for a second day after topping $3,500 an ounce for the first time, as investors booked profits and US President Donald Trump gave conciliatory gestures toward China and his central bank chief.
Fund Flow Action
The Foreign institutional investors (FIIs) extended their buying on the fifth day as they bought equities worth Rs 1290 crore on April 22. However, Domestic institutional investors (DIIs) sold equities of Rs 885 crore on the same day.
Hope you're all set for today's trade. We wish you a profitable day ahead.
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