Indian benchmark indices Sensex and Nifty 50 are likely to open higher on August 16, tracking cues from GIFT Nifty trading near 24,321.5, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Indian indices ended on a positive note and broke a two-day losing streak on August 14, mostly led by buying seen in the Information Technology stocks, while selling in other sectors trimmed the intraday gains.
At close, the Sensex was up 149.85 points or 0.19 percent at 79,105.88, and the Nifty was up 4.80 points or 0.02 percent at 24,143.80.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Gains)
The GIFT Nifty is trading higher, indicating a positive start for the day. Nifty futures were trading at 24,321.5 at 07:00 am IST.
Asian Equities (Gain)
Asian markets were trading higher on Friday, tracking gains on Wall Street overnight after fresh economic data eased recessionary fears in the US.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Topix | 2.08 | -4.22 | 6.98 |
| Nikkei | 2.71 | -2.75 | 7.49 |
| Hang Seng | -- | -- | -- |
| Taiwan | 1.80 | 1.96 | 18.43 |
| Kospi | 1.72 | -1.99 | -3.14 |
Wall Street's main indexes closed higher on Thursday, with the Nasdaq rising more than 2% after July U.S. retail sales data signaled resilient consumer spending, allaying fears of an imminent recession in the world's largest economy.
The Dow Jones Industrial Average rose 554.67 points, or 1.39%, to 40,563.06. The S&P 500 gained 88.01 points, or 1.61%, at 5,543.22. The Nasdaq Composite advanced 401.90 points, or 2.34%, to 17,594.50.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Dow Jones | 1.39 | -0.42 | 8.58 |
| S&P500 | 1.61 | 0.64 | 17.25 |
| Nasdaq | 2.34 | 0.24 | 18.25 |
The US 10-year Treasury yield down 5 bps at 3.91 percent, while the US 2-year bond yield fell 26 bps at 4.08 percent.
| CURRENT PRICE | MTD | YTD | |
| US 10-Year Treasury | 3.91 | 4.15 | 4.25 |
| US 2-Year Treasury | 4.08 | 4.41 | 4.96 |
The dollar index was trading flat against the major currencies in the early trade on Friday.
| CURRENT PRICE | MTD | YTD | |
| Dollar Index | 103 | 104.27 | 103.43 |
Asian currencies were trading mixed against the US dollar on Friday with China Renminbi, Indonesian Rupiah, Malaysian Ringgit were trading in the red, while South Korean Won, Thai Baht, Singapore Dollar gained.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | -0.159 | 2.94 | -1.91 |
| South Korean Won | 0.302 | 1.71 | -5.20 |
| Japanese Yen | 0.054 | 6.13 | -5.46 |
| Philippines Peso | -0.409 | 2.18 | -3.13 |
| Thai Baht | 0.074 | 2.69 | -2.25 |
| Taiwan Dollar | -0.296 | 0.651 | -5.58 |
| China Renminbi | -0.470 | 1.16 | 1.04- |
| Malaysian Ringgit | -0.455 | 4.90 | 3.05 |
| Singapore Dollar | 0.045 | 1.70 | -0.106 |
Gold prices were trading flat while Silver prices were marginally higher in the early trade on Friday.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Gold | 0.07 | 0.42 | 19.17 |
| Silver | 0.12 | -2.13 | 19.28 |
Oil prices edged lower in early Asian trading on Friday, but the market's benchmarks were set for a second consecutive weekly gain after upbeat US economic data eased investor worries about a potential recession in the top oil consuming nation.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| US West Texas | -0.20 | 0.10 | 8.86 |
| Brent Crude | -0.15 | 0.24 | 5.02 |
LME commodity prices gained in the early trade on Friday with Copper and Zinc up 2 percent each.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Aluminium | 1.20 | 3.19 | -0.86 |
| Copper | 2.01 | -0.83 | 6.89 |
| Nickel | 0.26 | -1.72 | -1.71 |
| Lead | 1.27 | -2.35 | -1.64 |
| Zinc | 2.47 | 3.98 | 4.67 |
The foreign institutional investors (FIIs) sold equities worth Rs 2595 crore on August 14, while domestic institutional investors sold equities worth Rs 2236 crore on the same day.
| 14th August | MTD | YTD | |
| FII Net Flows | -2595.27 | -29,743.43 | -1,50,911.12 |
| DII Net Flows | 2,236.21 | 31,453.91 | 2,88,788.97 |
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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
