Indian benchmark indices Sensex and Nifty 50 are likely to open higher on August 19, tracking cues from GIFT Nifty trading near 24,711.50, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
The two Indian benchmarks ended the holiday-truncated week on a high note on August 16, as investors rejoiced easing fears of a US recession.
At close, the Sensex was up 1,330.96 points or 1.68 percent at 80,436.84, and the Nifty was up 397.40 points or 1.65 percent at 24,541.20.
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 24,711.50 at 06:50 am IST.
Asian Equities (Down)
Asian stocks were taking a breather on Monday after global equities enjoyed their best week in nine months on expectations the US economy would dodge a recession and cooling inflation would kick off a cycle of interest rate cuts.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Topix | -0.13 | -2.66 | 8.78 |
| Nikkei | -0.16 | -1.22 | 9.25 |
| Hang Seng | 1 | 2 | 4.41 |
| Taiwan | 0.09 | 3.08 | 19.65 |
| Kospi | -0.33 | -0.71 | -1.84 |
US stocks ended higher on Friday, extending their biggest weekly percentage gains of the year as worries of an economic downturn eased and investors focused on the Jackson Hole Economic Symposium next week.
The Dow Jones Industrial Average rose 96.7 points, or 0.24%, to 40,659.76. The S&P 500 gained 11.03 points, or 0.20%, at 5,554.25 and the Nasdaq Composite added 37.22 points, or 0.21%, at 17,631.72.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Dow Jones | 0.24 | -0.19 | 8.84 |
| S&P500 | 0.20 | 0.84 | 17.48 |
| Nasdaq | 0.21 | 0.45 | 18.50 |
The US 10-year Treasury yield rose 20 bps at 3.89 percent, while the US 2-year bond yield rose 36 bps at 4.06 percent.
| CURRENT PRICE | MTD | YTD | |
| US 10-Year Treasury | 3.89 | 4,23 | 4,25 |
| US 2-Year Treasury | 4.06 | 4.51 | 4.95 |
The US dollar was struggling to make headway against its peers on Monday, though it traded in a tight range as investors awaited fresh catalysts this week that could offer clues on the outlook for U.S. interest rates.
| CURRENT PRICE | MTD | YTD | |
| Dollar Index | 102.40 | 104.39 | 103.37 |
Asian currencies were trading mostly higher against the US dollar on Monday with Malaysian Ringgit gained 1 percent. However, on year to date basis except Malaysian Ringgit and Singapore Dollar, all other currencies were trading in the red.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | 0.045 | 3.10 | -1.87 |
| South Korean Won | 0.539 | 3.50 | -3.90 |
| Japanese Yen | -0.162 | 6.51 | -4.61 |
| Philippines Peso | 0.370 | 2.26 | -2.89 |
| Thai Baht | 0.269 | 5.23 | -0.788 |
| Taiwan Dollar | 0.386 | 1.85 | -4.91 |
| China Renminbi | 0.127 | 1.52 | -0.827 |
| Malaysian Ringgit | 1.09 | 6.85 | 4.74 |
| Singapore Dollar | 0.122 | 2.36 | 0.457 |
Gold and Silver prices were trading marginally lower in the early trade on Monday.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Gold | -0.16 | 2.18 | 21.37 |
| Silver | -0.15 | 0.71 | 21.54 |
Oil prices eased in early Asian trading on Monday as fears of weaker demand in top oil importer China weighed on market sentiment while investors focus on the progress of ceasefire talks in the Middle East, which could reduce supply risks.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| US West Texas | -0.33 | -2.04 | 6.63 |
| Brent Crude | -0.34 | -1.62 | 3.03 |
LME commodity prices were trading mixed in the early trade on Monday with Zinc down more than 0.5 percent, while Nickel was up 0.30 percent.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Aluminium | 0.08 | 3.27 | - 0.78 |
| Copper | -0.36 | -1.19 | 6.50 |
| Nickel | 0.33 | -1.39 | -1.39 |
| Lead | 0.10 | -2.26 | -1.55 |
| Zinc | -0.70 | 3.25 | 3.93 |
The foreign institutional investors (FIIs) turned net buyers on August 16 as they bought equities worth Rs 766 crore, while domestic institutional investors also bought equities worth Rs 2606 crore on the same day.
| 16th August | MTD | YTD | |
| FII Net Flows | 766.52 | -28,976.91 | -1,50,144.6 |
| DII Net Flows | 2,606.18 | 34,060.09 | 2,91,385.15 |
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.
