Indian benchmark indices Sensex and Nifty 50 are likely to see a firm start on December 2, tracking cues from GIFT Nifty trading around 24,355.5, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
After witnessing a steep fall on November 28, the Indian benchmark indices bounced back on November 29 with Nifty starting the December F&O series above 24,100, led by buying in heavyweights and across sectors, barring realty and PSU banks.
At close, the Sensex was up 759.05 points or 0.96 percent at 79,802.79, and the Nifty was up 216.90 points or 0.91 percent at 24,131.10.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Up)
The GIFT Nifty is trading higher, indicating a firm start for the day. Nifty futures were trading at 24,355.5 at 07:00 am IST.
Asian Equities (Up)
Asian stocks edged higher after US shares rose Friday as global markets enter a seasonally strong period. The euro weakened amid a dispute over the French budget
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Topix | 0.27 | -0.12 | 8.18 |
| Nikkei | -0.49 | -0.89 | 8.20 |
| Hang Seng | -0.77 | 0.78 | 17.07 |
| Taiwan | 1.48 | 1.52 | 20.37 |
| Kospi | 0.35 | 0.05 | -13.14 |
Global stock markets rallied on Friday, with Wall Street crowning November with its biggest monthly gain in a year on post-election growth hopes, while the dollar eased amid prospects for firmer rates in Japan and easing in Europe.
U.S. trading was thin the day after Thanksgiving. Many investors made it a long weekend and stocks and bonds closed early, so most month-end position adjustments were done before the holiday.
The S&P 500 rose 0.56% to mark the best monthly gain since November 2023 of 5.14%, while the Nasdaq’s 0.83% rise Friday secured a 6.2% gain for the month, it’s best since May.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Dow Jones | 0.42 | 8.06 | 21 |
| S&P500 | 0.56 | 6.24 | 28.42 |
| Nasdaq | 0.83 | 6.72 | 30 |
The US 10-year Treasury yields slipped 200 basis points at 4.16 percent and the US 2-year bond yield was down nearly 2 percent at 4.15 percent on the previous session.
| Current Price | MTD | YTD | |
| US 10-Year Treasury | 4.16 | 4.25 | 4.25 |
| US 2-Year Treasury | 4.15 | 4.09 | 4.64 |
The dollar started in a cautious mood on Monday in what is shaping up to be a critical week for the prospect of U.S. rate cuts, while the yen's recent rebound was underpinned by wagers on rising rates at home.
| Current Price | MTD | YTD | |
| Dollar Index | 106.19 | 104.31 | 102.74 |
Asian currencies were trading mostly lower in the early trade on Monday. On month-to-date basis, Japanese Yen outperformed, while on year-to-basis, Malaysian Ringgit has outperformed the other currencies.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | 0.151 | -0.486 | -2.83 |
| South Korean Won | -0.217 | -1.78 | -7.80 |
| Japanese Yen | -0.339 | 1.23 | -6.13 |
| Philippines Peso | -0.162 | -0.615 | -5.67 |
| Thai Baht | -0.514 | -2.09 | -0.601 |
| Taiwan Dollar | 0.003 | -1.84 | -5.91 |
| China Renminbi | -0.021 | -1.61 | -2.01 |
| Malaysian Ringgit | -0.108 | -1.72 | 3.25 |
| Singapore Dollar | -0.231 | -1.70 | -1.66 |
Oil prices edged up on Monday supported by upbeat factory activity in the world's second largest oil consumer China and as Israel resumed attacks on Lebanon despite a ceasefire agreement, stoking tensions in the Middle East.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| US West Texas | 0.12 | 0.09 | -5.01 |
| Brent Crude | 0.08 | -1.45 | -6.71 |
Gold eased, pressured by a rising US dollar after President-elect Donald Trump warned the so-called BRICS nations that he would require commitments that they would not move to create a new currency.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Gold | -0.41 | -0.41 | 27.58 |
| Silver | -0.81 | -0.87 | 27.64 |
Foreign institutional investors (FIIs) sold equities of more than Rs 4,300 crore on November 29, while domestic institutional investors purchased equities of more than Rs 5,700 crore on the same day.
| 29th Nov | MTD | YTD | |
| FII Net Flows | -4,383.55 | -45,974.12 | -2,81,170.89 |
| DII Net Flows | 5,723.34 | 44,483.86 | 5,15,470.03 |
Hope you're all set for today's trade, we wish you a profitable day ahead.
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