Indian benchmark indices Sensex and Nifty 50 are likely to open marginally lower on August 21, tracking cues from GIFT Nifty trading near 24,698, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
The Indian indices ended on a strong note as bulls came with a force that helped Nifty to surpass 24,700 intraday on August 20.
The Sensex was up 378.18 points or 0.47 percent at 80,802.86, and the Nifty was up 126.10 points or 0.51 percent at 24,698.80.
Here is how financial markets across the globe fared overnight:GIFT Nifty (Down)The GIFT Nifty is trading marginally lower, indicating a flat to negative start for the day. Nifty futures were trading at 24,698 at 06:50 am IST.
Asian Equities (Down)Asian markets were trading lower on Wednesday, tracking Wall Street as both the S&P500 and Nasdaq Composite snapped an eight-day winning streak.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Topix | -0.28 | -1.54 | 10.02 |
| Nikkei | -0.52 | 0.06 | 10.63 |
| Hang Seng | - | - | - |
| Taiwan | -0.50 | 3.40 | 20.07 |
| kospi | -0.25 | 0.30 | -0.84 |
US stocks closed slightly lower on Tuesday, breaking their recent winning streak amid a few market-moving catalysts ahead of the Jackson Hole Economic Symposium, set to get underway on Thursday.
The Dow Jones Industrial Average fell 61.56 points, or 0.15%, to 40,834.97, the S&P 500 lost 11.13 points, or 0.20%, to 5,597.12 and the Nasdaq Composite dropped 59.83 points, or 0.33%, to 17,816.94.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Dow Jones | -0.15 | 0.06 | 9.10 |
| S&P500 | -0.20 | 1.43 | 18.17 |
| Nasdaq | -0.33 | 1.31 | 19.52 |
The US 10-year Treasury yield was up marginally at 3.80 percent, while the US 2-year bond yield gained 16 bps at 3.98 percent.
| CURRENT PRICE | MTD | YTD | |
| US 10-Year Treasury | 3.80 | 4.25 | 4.33 |
| US 2-Year Treasury | 3.98 | 4.51 | 5.00 |
The dollar slipped to its lowest this year versus the euro on Wednesday as traders braced for potentially crucial revisions to U.S. payrolls data later in the day, ahead of a speech by Federal Reserve Chair Jerome Powell at the end of the week.
| CURRENT PRICE | MTD | YTD | |
| Dollar Index | 101.40 | 104.31 | 103.30 |
Asian currencies gained against the US dollar, with the Indonesian Rupiah leading as the top gainer, up by 0.74%, followed by the Malaysian Ringgit and Thai Baht, which fell by 0.298% and 0.273%, respectively.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | 0.739 | 5.07 | 1.45 |
| South Korean Won | 0.070 | 4.40 | 0.399 |
| Japanese Yen | -0.117 | 7.99 | 3.36 |
| Philippines Peso | 0.234 | 3.43 | -0.877 |
| Thai Baht | 0.273 | 6.48 | 5.22 |
| Taiwan Dollar | 0.132 | 2.99 | -1.17 |
| China Renminbi | 0.143 | 2.02 | 0.886 |
| Malaysian Ringgit | 0.298 | 7.16 | 9.74 |
| Singapore Dollar | 0.031 | 3.16 | 3.01 |
Gold and Silver prices were trading flat in the early trade on Wednesday.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Gold | 0.08 | 2.81 | 21.96 |
| Silver | 0.08 | 1.64 | 23.82 |
Oil prices slipped on Wednesday on estimates showing swelling U.S. crude inventories and expectations that tensions in the Middle East were easing following a tour of the region by mediators.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| US West Texas | -0.01 | -6.08 | 2.11 |
| Brent Crude | 0.03 | -4.33 | 0.23 |
Except Copper, all other LME commodities were trading higher in the early trade on Wednesday with Nickel and Aluminium up more than 2 percent each.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Aluminium | 2.31 | 9.23 | 4.95 |
| Copper | -0.52 | -0.23 | 7.54 |
| Nickel | 2.21 | 2.60 | 2.60 |
| Lead | 0.71 | -1.44 | -0.73 |
| Zinc | 0.65 | 4.84 | 5.53 |
The foreign institutional investors (FIIs) sold equities worth Rs 1457 crore on August 20, while domestic institutional investors bought equities worth Rs 2252 crore on the same day.
| 20th August | MTD | YTD | |
| FII Net Flows | -1,457.96 | -33,102.33 | -1,54,270.02 |
| DII Net Flows | 2,252.1 | 38,115.11 | 2,95,440.17 |
Hope you're all set for today's trade, we wish you a profitable day ahead.
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!
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