Indian benchmark indices Sensex and Nifty 50 are likely to open on a negative note on December 13, tracking cues from GIFT Nifty trading around 24,557, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
The Indian benchmark indices ended lower on December 12 with Nifty around 24,550 amid selling across the sectors and ahead of retail inflation data outcome later today, and Friday’s WPI inflation data.
At close, the Sensex was down 236.18 points or 0.29 percent at 81,289.96, and the Nifty was down 93.10 points or 0.38 percent at 24,548.70.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Down)
The GIFT Nifty is trading lower, indicating a weak start for the day. Nifty futures were trading at 24,557 at 07:00 am IST.
Asian Equities (Down)
Asian equities fell Friday as investors reined in appetite for risk ahead of next week’s Federal Reserve policy meeting.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Topix | -0.78 | 1.06 | 9.47 |
| Nikkei | -0.77 | 1.90 | 11.24 |
| Hang Seng | -1.30 | 4.14 | 21 |
| Taiwan | -0.03 | 3.87 | 23.20 |
| Kospi | -0.35 | -1.29 | -14.31 |
Wall Street pulled back on Thursday as investors evaluated key economic indicators ahead of the Federal Reserve's meeting next week.
A Thursday Labor Department report showed U.S. producer prices rose more than forecast in November, though a moderation in service costs pointed to a continuation of the broader disinflationary trend. Initial claims for U.S. unemployment benefits unexpectedly climbed last week, raising concerns about labor-market resilience.
The Dow Jones Industrial Average fell 234.44 points, or 0.53%, to 43,914.12, the S&P 500 lost 32.94 points, or 0.54%, to 6,051.25 and the Nasdaq Composite lost 132.05 points, or 0.66%, to 19,902.84.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Dow Jones | -0.53 | -1.79 | 18.84 |
| S&P500 | -0.54 | 0.76 | 29.39 |
| Nasdaq | -0.66 | 4.02 | 35.23 |
The US 10-Year Treasury slipped 23 basis points at 4.32 percent, while 2-Year Treasury was down 15 basis points at 4.18 percent in the early trade on Friday.
| Current Price | MTD | YTD | |
| US 10-Year Treasury | 4.31 | 4.45 | 4.01 |
| US 2-Year Treasury | 4.18 | 4.28 | 4.42 |
The dollar rose to a 2 1/2-week high against major peers on Friday, on track for its best week in a month, amid bets that the Federal Reserve would cut interest rates next week but then take a patient approach to further reductions.
| Current Price | MTD | YTD | |
| Dollar Index | 106.96 | 106.48 | 102.86 |
Asian currencies were trading weak in the early trade on Friday with Malaysian Ringgit fell the most, followed by Indonesian Rupiah, Philippines Peso and Thai Baht.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | -0.163 | -1.02 | -3.42 |
| South Korean Won | -0.096 | -1.87 | -9.80 |
| Japanese Yen | -0.079 | 1.76 | -7.68 |
| Philippines Peso | -0.105 | 0.734 | -5.01 |
| Thai Baht | -0.103 | 2.75 | 0.910 |
| Taiwan Dollar | -0.083 | -0.194 | -6 |
| China Renminbi | -0.088 | -0.475 | -2.32 |
| Malaysian Ringgit | -0.191 | 0.034 | 3.33 |
| Singapore Dollar | 0.022 | -0.290 | -1.96 |
Oil prices inched lower on Friday as investors focused on a forecast of ample supply and shrugged off expectations of higher demand next year from Chinese stimulus measures, while eyeing another Federal Reserve interest rate cut next week.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| US West Texas | -0.07 | 2.91 | -2.34 |
| Brent Crude | -0.05 | 0.60 | -4.76 |
Gold prices recovered some of the previous session losses and trading around USD 2691 per ounce.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Gold | 0.35 | 1.76 | 30.40 |
| Silver | 0.05 | 1.25 | 30.32 |
Foreign institutional investors (FIIs) extended their selling as they sold equities worth Rs 3,560 crore on December 12, while domestic institutional investors bought equities worth Rs 2,646.65 crore on the same day.
| 12th Dec | MTD | YTD | |
| FII Net Flows | -3,560.01 | -36,602.55 | -2,71,799.32 |
| DII Net Flows | 2,646.65 | 49,888.55 | 5,20,874.72 |
Hope you're all set for today's trade, we wish you a profitable day ahead.
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