Indian benchmark indices Sensex and Nifty 50 are likely to see a flat opening on April 29, tracking cues from GIFT Nifty trading around 24,467 a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Bulls were back in action on Dalal Street on April 29, with the benchmark indices erasing losses of the previous two sessions, taking Nifty 50 back above 24,300, led by buying in heavyweights including Reliance Industries and across sectors, barring IT stocks.
Indices started the week on a positive note, extending gains as the day progressed, with Nifty crossing 24,350 intraday but profit booking at higher levels erased some of the gains. At close, the Sensex was up 1,005.84 points or 1.27 percent at 80,218.37, and the Nifty was up 289.15 points or 1.20 percent at 24,328.50. BSE Midcap index rose 1.3 percent, while the smallcap index added 0.4 percent.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Flat)
The GIFT Nifty is trading flat at around 24,467, indicating a muted start for the day.
Asian Equities (Up)
Asian stocks had a cautious open as investors awaited a slew of corporate earnings and economic data this week that will give an early indication of the impacts from President Donald Trump’s tariff war.
US Equities (Mixed)
The S&P 500 and the Dow ended in positive territory at the conclusion of a choppy session on Monday, and gold advanced as investors looked for signs of progress in tariff negotiations at the top of an eventful week of corporate earnings and economic data.
The Dow Jones Industrial Average rose 114.09 points, or 0.28%, to 40,227.59, the S&P 500 rose 3.54 points, or 0.06%, to 5,528.75, and the Nasdaq Composite fell 16.81 points, or 0.10%, to 17,366.13.
US Bond Yield (Down)
The US 10-year Treasury yield was down 2 basis points at 4.2 percent and the US 2-year bond yield was down 5 basis points at 3.69 percent in the early trade on Tuesday.
Dollar Index (Up)
After falling on Monday, the dollar index steadied against the major currencies in the early Tuesday trade.
Asian currencies (Mixed)
Asian currencies were trading mixed in the early trade on Tuesday with Malaysian Ringgit leading the gainers, followed by Philippines Peso, Thai Baht, Taiwan Dollar. However, losers were Indonesian Rupiah, Singapore Dollar, South Korean Won, Japanese Yen.
Crude (Down)
Crude oil prices fell in early Asian trading on Tuesday as investors lowered their demand growth expectations due to the ongoing trade war between the United States and China, the world's two biggest economies.
Gold (Down)
Gold edged lower ahead of key economic data this week that could offer some insights into the impacts of President Donald Trump’s trade war.
Fund Flow Action
The Foreign institutional investors (FIIs) bought equities worth Rs 2474 crore on April 28 as they extended buying on ninth straight sessions, turning net buyers for the month. However, Domestic institutional investors (DIIs) has extended their buying on second day as they bought equities of Rs 2817 crore.
Hope you're all set for today's trade. We wish you a profitable day ahead.
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