Indian benchmark indices Sensex and Nifty 50 are likely to open on positive note on August 20, tracking cues from GIFT Nifty trading near 24,665, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Indian equity indices ended flat in the rangebound session on August 19. At close, the Sensex was down 12.16 points or 0.02 percent at 80,424.68, and the Nifty was up 31.50 points or 0.13 percent at 24,572.70.
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 24,665 at 06:50 am IST.
Asian Equities (Gain)
Asian markets climbed across the region on Tuesday, tracking Wall Street’s rally and as China released key economic data.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Topix | 0.85 | -2.03 | 9.51 |
| Nikkei | 1.38 | -0.35 | 10.22 |
| Hang Seng | |||
| Taiwan | 0.56 | 4.78 | 21.52 |
| Kospi | 0.50 | 0.46 | -0.71 |
US stocks advanced on Monday, building on their largest weekly percentage gain of the year as investors focused on the Democratic National Convention and the upcoming Jackson Hole Economic Symposium.
The Dow Jones Industrial Average rose 236.77 points, or 0.58%, to 40,896.53. The S&P 500 gained 54 points, or 0.97%, at 5,608.25 and the Nasdaq Composite added 245.05 points, or 1.39%, at 17,876.77.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Dow Jones | 0.58 | 0.30 | 9.37 |
| S&P500 | 0.97 | 1.73 | 18.51 |
| Nasdaq | 1.39 | 1.75 | 20.04 |
The US 10-year Treasury yield was down 15 bps at 3.86 percent, while the US 2-year bond yield was down 15 bps at 4.05 percent.
| CURRENT PRICE | MTD | YTD | |
| US 10-Year Treasury | 3.86 | 4.25 | 4.33 |
| US 2-Year Treasury | 4.05 | 4.51 | 5.00 |
The dollar hung near a seven-month low on Tuesday on wagers the U.S. central bank will start cutting interest rates from next month, with traders preparing for comments from Federal Reserve Chair Jerome Powell on Friday.
| CURRENT PRICE | MTD | YTD | |
| Dollar Index | 101.84 | 104.31 | 103.30 |
Asian currencies were trading higher against the US dollar on Tuesday, while on year to date basis except Philippines Peso and Taiwan Dollar, all other currencies were trading in the green.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | 0.920 | 4.12 | 0.521 |
| South Korean Won | 0.652 | 4.73 | 0.898 |
| Japanese Yen | 0.452 | 7.62 | 2.76 |
| Philippines Peso | 0.203 | 3.25 | -0.867 |
| Thai Baht | 0.455 | 4.96 | 5.05 |
| Taiwan Dollar | 0.452 | 3.12 | -1.17 |
| China Renminbi | 0.276 | 2.43 | 0.822 |
| Malaysian Ringgit | 0.442 | 7.30 | 9.97 |
| Singapore Dollar | 0.092 | 2.98 | 2.79 |
Gold and Silver prices were trading marginally lower in the early trade on Tuesday.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Gold | -0.01 | 2.26 | 21.38 |
| Silver | -0.15 | 1.31 | 23.56 |
Oil prices edged lower on Tuesday as Israel accepted a proposal to tackle disagreements blocking a ceasefire deal in Gaza, helping ease worries about a supply disruption in the Middle East.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| US West Texas | -0.50 | -5.02 | 3.28 |
| Brent Crude | -0.14 | -3.88 | 0.71 |
LME commodity prices were trading higher in the early trade on Tuesday with Aluminium prices rose more than 3 percent, while Copper and Nickel prices were up more than 1,5 percent each.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Aluminium | 3.38 | 6.77 | 2.58 |
| Copper | 1.50 | 0.29 | 8.10 |
| Nickel | 1.79 | 0.37 | 0.38 |
| Lead | 0.12 | -2.14 | -1.43 |
| Zinc | 0.89 | 4.17 | 4.85 |
The foreign institutional investors (FIIs) extended their buying as they bought equities worth Rs 2,667crore on August 19, while domestic institutional investors also bought equities worth Rs 1802 crore on the same day.
| 19th August | MTD | YTD | |
| FII Net Flows | 2,667.46 | -31,644.4 | -1,52,812 |
| DII Net Flows | 1,802.92 | 35,863 | 2,93,188 |
Hope you're all set for today's trade, we wish you a profitable day ahead.
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