Indian benchmark indices Sensex and Nifty 50 are likely to open on a positive note on September 2, tracking cues from GIFT Nifty trading near 25,417.50, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Benchmark indices Nifty and Sensex held steady in positive territory to end the day at record closing on August 30, driven by a sharp rally in realty and pharma stocks that boosted market sentiment. Notably, both indices touched fresh highs at the opening bell.
Nifty 50 logged gains for the twelfth consecutive session in the longest-ever rally.
At close, the Sensex was up 231 points or 0.28 percent at 82,365.77, and the Nifty was up 83.90 points or 0.33 percent at 25,235.90. About 2,115 shares advanced, 1,630 shares declined, and 117 shares unchanged.
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 25,417.50 at 07:10 am IST.
Asian Equities (Gain)
Asian share markets got off to a quiet start on Monday as investors braced for a data-packed week culminating in a US jobs report that could decide whether a rate cut expected this month will be regular or super-sized.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Topix | 0.42 | - | 11.90 |
| Nikkei | 0.70 | - | 13.05 |
| Hang Seng | - | - | - |
| Taiwan | 0.73 | 0.57 | 20.41 |
| Kospi | 0.14 | 0.18 | -1.80 |
Wall Street stocks rose and the Dow scored a second consecutive all-time closing high on Friday, with Tesla and Amazon climbing after fresh U.S. economic data raised expectations that the Federal Reserve will cut interest rates modestly in September.
The S&P 500 climbed 1.01% to end at 5,648.40 points. The Nasdaq Composite Index climbed 1.13% to 17,713.62 points, while the Dow Jones Industrial Average rose 0.55% to 41,563.08 points.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Dow Jones | 0.55 | 1.94 | 11.16 |
| S&P500 | 1.01 | 2.46 | 19.36 |
| Nasdaq | 1.13 | 0.82 | 18.94 |
There is no trading on treasury bonds on Monday due to the US holiday, but the 10-year yield stood at 3.9110% following a 4.4-bp rise on Friday.
| CURRENT PRICE | MTD | YTD | |
| US 10-Year Treasury | 3.90 | 3.97 | 4.17 |
| US 2-Year Treasury | 3.91 | 4.14 | 4.87 |
The dollar climbed to a two-week top against the euro on Monday as traders pared bets for aggressive policy easing by the Federal Reserve with the focus now moving to a crucial U.S. jobs report at the end of this week.
| CURRENT PRICE | MTD | YTD | |
| Dollar Index | 101.69 | 103.20 | 103.23 |
Asian currencies were trading lower mostly against the US dollar in the early trade on Monday, with the Malaysian Ringgit, Indonesian Rupiah, Philippines Peso leading the losers, while the Singapore Dollar, and China Renminbi, trading with gains.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | -0.201 | 5.46 | -0.362 |
| South Korean Won | -0.043 | 1.62 | -3.53 |
| Japanese Yen | -0.034 | 0.219 | -3.52 |
| Philippines Peso | -0.192 | 3.29 | -0.791 |
| Thai Baht | -0.044 | 3.69 | 0.581 |
| Taiwan Dollar | -0.119 | 2.50 | -4.42 |
| China Renminbi | 0.080 | 2.11 | 0.123 |
| Malaysian Ringgit | -0.334 | 3.73 | 5.97 |
| Singapore Dollar | 0.069 | 1.60 | 1.10 |
Gold prices were flat at USD 2502.67, while Silver prices were down marginally at USD 28.80 in the early trade on Monday.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Gold | -0.02 | -0.03 | 21.32 |
| Silver | -0.17 | -0.21 | 21.09 |
Oil prices extended losses on Monday with investors weighing higher OPEC+ production from October against a sharp drop in output from Libya amid sluggish demand in China and the U.S., the world's two biggest oil consumers.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| US West Texas | -0.31 | -0.69 | 2.32 |
| Brent Crude | -0.38 | -2.69 | -0.51 |
LME commodities price were trading mixed in the early trade on Monday with Nickel down more than 1 percent, while Lead and Zinc gained 0.5 percent each.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Aluminium | -0.41 | - | 2.64 |
| Copper | -0.18 | - | 7.90 |
| Nickel | -1.39 | - | 0.98 |
| Lead | 0.80 | - | -0.75 |
| Zinc | 0.60 | - | 8.99 |
The foreign institutional investors (FIIs) extended their buying as they bought equities worth Rs 5316 crore on August 30, while domestic institutional investors sold equities worth Rs 3198 crore on the same day.
| 30th August | MTD | YTD | |
| FII Net Flows | 5316.14 | -21368.51 | -142536.2 |
| DII Net Flows | -3198.07 | 48278.65 | 305603.71 |
Hope you're all set for today's trade, we wish you a profitable day ahead.
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