Indian benchmark indices Sensex and Nifty 50 are likely to open in the red on August 8, tracking cues from GIFT Nifty trading near 24,181.50, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
The Indian benchmark indices snapped three-day losing streak on August 7 and ended higher with Nifty closing near the key 24,300 level, led by buying across the sectors and ahead of RBI policy outcome tomorrow.
At close, the Sensex was up 874.94 points or 1.11 percent at 79,468.01, and the Nifty was up 305 points or 1.27 percent at 24,297.50.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Down)
The GIFT Nifty is trading weak, indicating a gap-down start for the day. Nifty futures were trading at 24,181.50 at 07:00 am IST.
Asian Equities (Down)
Asian markets were trading lower on Thursday as Wall Street declined overnight, while investors assessed trade data from Japan and awaited India's rate decision.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Topix | -0.79 | -9.22 | 1.40 |
| Nikkei | -1.18 | -8.98 | 0.66 |
| Hang Seng | |||
| Taiwan | -2.03 | -5.17 | 10 |
| Kospi | -1.12 | -8.63 | -9.66 |
US stocks ended lower on Wednesday, with the Nasdaq falling 1% as technology shares declined and weak demand in a 10-year Treasury auction stoked investor jitters in choppy trade.
The Dow Jones Industrial Average fell 234.21 points, or 0.6%, to 38,763.45, the S&P 500 lost 40.53 points, or 0.77%, to 5,199.5 and the Nasdaq Composite dropped 171.05 points, or 1.05%, to 16,195.81.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Dow Jones | -0.60 | -4.84 | 3.77 |
| S&P500 | -0.71 | -5.59 | 9.88 |
| Nasdaq | -1.05 | -7.73 | 8.86 |
The US 10-year Treasury yield fell 57 basis points at 3.92 percent and the US 2-year bond yield declined 47 bps at 3.94 percent.
| CURRENT PRICE | MTD | YTD | |
| US 10-Year Treasury | 3.92 | 4.27 | 4.02 |
| US 2-Year Treasury | 3.94 | 4.62 | 4.75 |
The dollar index was trading marginally lower against the major currencies in the early trade on Thursday.
| CURRENT PRICE | MTD | YTD | |
| Dollar Index | 100.08 | 105 | 102.04 |
Asian currencies were trading mostly higher against the US dollar on Thursday, while on year to dat basis except Malaysian Ringgit, all other currencies were trading in the red.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | 0.811 | 1.39 | -3.96 |
| South Korean Won | - 0.276 | 0.268 | -6.37 |
| Japanese Yen | 0.191 | 9.83 | -3.62 |
| Philippines Peso | - 0.111 | 1.59 | -3.82 |
| Thai Baht | 0.045 | 2.41 | -3.68 |
| Taiwan Dollar | 0.024 | -0.618 | -6.41 |
| China Renminbi | - 0.291 | 1.27 | -1.06 |
| Malaysian Ringgit | 0.375 | 5.06 | 2.50 |
| Singapore Dollar | 0.030 | 1.71 | -0.520 |
Gold prices were trading higher, while Silver prices gained nearly 1 percent in the early trade on Thursday.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Gold | 0.20 | -2.40 | 15.74 |
| Silver | 0.82 | -7.42 | 12.73 |
Oil prices edged higher on Thursday for the third straight session after government data showed a steep draw in U.S. crude stockpiles, rebounding from multi-month lows touched this week.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| US West Texas | 0.35 | -3.04 | 5.29 |
| Brent Crude | 0.20 | -2.73 | 1.80 |
LME commodity prices were trading mostly lower in the early trade on Thursday with Copper down nearly 2 percent and Nickel and Zinc down more than 0.5 percent each.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Aluminium | -0.35 | -0.11 | -4 |
| Copper | -1.78 | -4.94 | 2.40 |
| Nickel | -0.54 | -1.85 | -1.85 |
| Lead | 0.69 | -5.57 | -4.88 |
| Zinc | -0.75 | -3.51 | -2.88 |
The foreign institutional investors (FIIs) extended their selling on August 7 as they sold equities worth Rs 3314 crore, while domestic institutional investors bought equities worth Rs 3901 crore on the same day.
| Current Price | MTD | YTD | |
| FII Net Flows | -3,314.76 | -18,140.47 | -1,39,308.16 |
| DII Net Flows | 3,801.21 | 18,943.12 | 1,76,268.18 |
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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