Indian benchmark indices Sensex and Nifty 50 are likely to open higher on August 22, tracking cues from GIFT Nifty trading near 24,891, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Indian share market ended with marginal gains in the rangebound session on August 21 as investors remain cautious ahead of US PMI data and US Fed Chair Jerome Powell’s speech at Jackson Hole Symposium. The markets are looking for rate cut cues from Powell's speech over the weekend.
At close, BSE Sensex was up 102.44 points or 0.13 percent at 80,905.30, and the Nifty was up 71.37 points or 0.29 percent at 24,770.20.
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 24,891 at 06:50 am IST.
Asian Equities (Up)
Asian markets were trading higher on Thursday, as investors assess flash business activity data from Australia, Japan and India throughout the trading day.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Topix | 0.14 | -1.25 | 10.31 |
| Nikkei | 0.65 | 1.01 | 11.63 |
| Hang Seng | - | - | - |
| Taiwan | 0.21 | 3.49 | 20 |
| Kospi | 0.13 | 0.45 | -0.69 |
Global shares idled on Wednesday after a lengthy rebound propelled them towards recent record highs, and as investors awaited confirmation that the U.S. Federal Reserve would cut interest rates as expected.
The Dow Jones Industrial Average rose 0.13%, to 40,889, the S&P 500 gained 0.42%, to 5,620 and the Nasdaq Composite gained 0.57%, to 17,918.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Dow Jones | 0.13 | 0.36 | 9.44 |
| S&P500 | 0.42 | 2.03 | 18.87 |
| Nasdaq | 0.57 | 2.06 | 21.41 |
The US 10-year Treasury yield rose 20 bps at 3.80 percent, while the US 2-year bond yield gained 37 bps at 3.94 percent.
| CURRENT PRICE | MTD | YTD | |
| US 10-Year Treasury | 3.80 | 4.25 | 4.32 |
| US 2-Year Treasury | 3.94 | 4.51 | 5.04 |
The dollar traded near the lowest in more than a year against the euro and sterling on Thursday as a dovish Federal Reserve and fresh signs of weakness in the U.S. job market backed the case for interest rate cuts.
| CURRENT PRICE | MTD | YTD | |
| Dollar Index | 101.18 | 104.31 | 103.56 |
Asian currencies were trading mixed against the US dollar, with the Philippines Peso and Malaysian Ringgit leading the gainers.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | -0413 | 4.64 | -0.652 |
| South Korean Won | -0.118 | 3.93 | -3.30 |
| Japanese Yen | -0.172 | 7.97 | -3.03 |
| Philippines Peso | 0.334 | 3.65 | -1.65 |
| Thai Baht | -0.082 | 5.98 | -0.003 |
| Taiwan Dollar | 0.097 | 2.93 | -4.31 |
| China Renminbi | -0.029 | 1.99 | -0.440 |
| Malaysian Ringgit | 0.121 | 7.04 | 5.03 |
| Singapore Dollar | -0.008 | 3.09 | 1.11 |
Gold and Silver prices were trading flat in the early trade on Thursday.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Gold | -0.01 | 2.65 | 21.79 |
| Silver | -0.06 | 1.99 | 24.34 |
A sharp sell-off in crude oil paused on Thursday after expectations of a rate cut by the Federal Reserve offset a bunch of weak economic data from the world's two largest economies, the United States and China.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| US West Texas | -0.18 | -7.78 | 0.20 |
| Brent Crude | -0.09 | -5.81 | -1.38 |
LME commodities were trading mixed in the early trade on Thursday with Nickel and Aluminium prices were trading lower, while Lead and Zinc up more than 1 percent each.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Aluminium | -0.60 | 8.58 | 4.32 |
| Copper | 0.61 | 0.38 | 8.19 |
| Nickel | -0.73 | 1.84 | 1.85 |
| Lead | 1.56 | 0.10 | 0.82 |
| Zinc | 1.62 | 6.54 | 7.24 |
The foreign institutional investors (FIIs) sold equities worth Rs 799 crore on August 21, while domestic institutional investors bought equities worth Rs 3097 crore on the same day.
| 21st August | MTD | YTD | |
| FII Net Flows | -799.74 | -33,902.1 | -1,55,070 |
| DII Net Flows | 3,097.45 | 41,212.56 | 2,98,537.6 |
Hope you're all set for today's trade, we wish you a profitable day ahead.
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