Indian benchmark indices Sensex and Nifty 50 are likely to open lower on August 27, tracking cues from GIFT Nifty trading near 25,025.5, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Indian indices ended on a strong note on August 26 with Nifty back above 25,000 and also inched closer to its record high, after Fed Chair Powell at its latest meeting hinted at interest rate cuts in the near future.
At close, the Sensex was up 611.90 points or 0.75 percent at 81,698.11, and the Nifty was up 187.45 points or 0.76 percent at 25,010.60.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Down)
The GIFT Nifty is trading lower, indicating a flat to negative start for the day. Nifty futures were trading at 25,025.5 at 07:10 am IST.
Asian Equities (Down)
Asian markets were trading mostly lower in the early trade on Tuesday despite the Dow Jones Industrial Average on Wall Street reaching new highs.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Topix | 0.30 | -0.87 | 10.79 |
| Nikkei | -0.18 | 0.97 | 11.60 |
| Hang Seng | - | - | - |
| Taiwan | -0.49 | 2.85 | 19.37 |
| Kospi | -0.44 | 0.07 | -1.05 |
The S&P 500 finished lower on Monday, with AI heavyweight Nvidia dipping ahead of its quarterly report this week. At the same time, investors waited for inflation data to provide clues about the path of interest-rate cuts by the Federal Reserve.
The S&P 500 declined 0.32% to end the session at 5,616.84 points. The Nasdaq declined 0.85% to 17,725.77 points, while the Dow Jones Industrial Average rose 0.16% to 41,240.52 points.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Dow Jones | 0.16 | 1.18 | 10.33 |
| S&P500 | -0.32 | 1.92 | 18.74 |
| Nasdaq | -0.85 | 0.92 | 19.06 |
The US 10-year Treasury yield was down 10 bps at 3.81 percent, while the US 2-year bond yield was down 11 bps at 3.93 percent.
| CURRENT PRICE | MTD | YTD | |
| US 10-Year Treasury | 3.81 | 4.19 | 4.23 |
| US 2-Year Treasury | 3.93 | 4.38 | 5.04 |
The dollar index was trading marginally lower around 101 against the other major currencies in the early trade on Tuesday.
| CURRENT PRICE | MTD | YTD | |
| Dollar Index | 100.90 | 104.31 | 104.07 |
Except for Indonesian Rupiah, all other Asian currencies were trading lower against the US dollar, with the Philippines Peso leading as the top loser, followed by the Japanese Yen and Thai Baht.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | 0.343 | 5.58 | -0.259 |
| South Korean Won | -0.238 | 3.77 | -3.06 |
| Japanese Yen | -0.269 | 6.25 | -2.67 |
| Philippines Peso | -0.342 | 4.04 | -1.52 |
| Thai Baht | -0.258 | 5.56 | 0.475 |
| Taiwan Dollar | -0.169 | 3.14 | -4.06 |
| China Renminbi | -0.014 | 1.80 | -0.308 |
| Malaysian Ringgit | -0.250 | 6.36 | -5.38 |
| Singapore Dollar | -0.023 | 2.98 | -1.21 |
Gold and Silver prices were trading marginally lower in the early trade on Tuesday.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Gold | -0.24 | 2.63 | 21.75 |
| Silver | -0.15 | 2.91 | 25.46 |
Crude oil prices pared some of its previous session gains on Tuesday, with WTI price was down nearly 0.5 percent and Brent was down 0.37 percent.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| US West Texas | -0.45 | -1.10 | 7.55 |
| Brent Crude | -0.37 | 0.48 | 5.30 |
LME commodities were trading higher in the early trade on Tuesday with Lead prices rose 3 percent and Aluminium prices up 2.5 percent.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Aluminium | 2.50 | 10.98 | 6.63 |
| Copper | 1.73 | 0.69 | 8.52 |
| Nickel | 0.93 | 0.93 | 0.93 |
| Lead | 3.12 | 1.61 | 2.34 |
| Zinc | 1.80 | 8.84 | 9.56 |
The foreign institutional investors (FIIs) extended their buying as they bought equities worth Rs 483 crore on August 26, while domestic institutional investors also bought equities worth Rs 1870 crore on the same day.
| 26th August | MTD | YTD | |
| FII Net Flows | 483.36 | 30,102.4 | -1,51,270 |
| DII Net Flows | 1,870.22 | 48,950.6 | 3,06,276 |
Hope you're all set for today's trade, we wish you a profitable day ahead.
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