Indian benchmark indices Sensex and Nifty 50 are likely to open higher on September 5, tracking cues from GIFT Nifty trading near 25,365, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Indian benchmark indices followed the global trend and ended on a negative note with Nifty breaking its 14-day winning streak, closing below 25,200 amid selling across the sectors barring realty, FMCG, and pharma.
At close, the Sensex was down 202.8 points or 0.25 percent at 82,352.64, and the Nifty was down 81.10 points or 0.32 percent at 25,198.7.
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 25,365 at 07:00 am IST.
Asian Equities (Gain)
Asian markets mostly rebounded on Thursday from the sell-off a day ago, except markets in Japan.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Topix | 0.17 | -0.85 | 10.54 |
| Nikkei | -0.44 | -2.71 | 9.28 |
| Hang Seng | - | - | - |
| Taiwan | 1.15 | -4.31 | 14.50 |
| Kospi | 1.11 | -1.94 | -3.93 |
US stocks finished slightly lower in choppy trading on Wednesday following labor market data and comments from a Federal Reserve official that bolster the case for an interest rate cut.
The Dow Jones Industrial Average rose 38.04 points, or 0.09%, to 40,974.97, the S&P 500 lost 8.86 points, or 0.16%, to 5,520.07 and the Nasdaq Composite lost 52.00 points, or 0.30%, to 17,084.30.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Dow Jones | 0.09 | -1.30 | 9.72 |
| S&P500 | -0.16 | - 2.15 | 16.79 |
| Nasdaq | -0.30 | -3.44 | 14.86 |
The US 10-year Treasury yields were up 20 basis points at 3.76 percent and US 2-year bond yield was up 33 bps to 3.76 percent.
| CURRENT PRICE | MTD | YTD | |
| US 10-Year Treasury | 3.76 | 3.78 | 4.25 |
| US 2-Year Treasury | 3.76 | 3.92 | 4.95 |
The dollar dipped on Thursday as traders ramped up bets for a supersized rate cut from the Federal Reserve later this month, with the yen a notable outperformer on safe-haven demand as concerns over the US economy's growth outlook resurfaced.
| CURRENT PRICE | MTD | YTD | |
| Dollar Index | 101.30 | 102.68 | 104.80 |
Asian currencies were trading higher against the US dollar in early trade on Thursday. While, on year on basis, except Thai Baht has outperform, all other currencies, with a gain of 1 percent.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | 0.297 | 4.58 | -0.522 |
| South Korean Won | 0.162 | 2.70 | -3.15 |
| Japanese Yen | 0.188 | 0.467 | -1.68 |
| Philippines Peso | 0.221 | 2.55 | -1.88 |
| Thai Baht | 0.422 | 4.67 | 1.15 |
| Taiwan Dollar | 0.337 | 1.70 | -4.89 |
| China Renminbi | 0.120 | 0.377 | -0.180 |
| Malaysian Ringgit | 0.473 | 2.16 | 6.02 |
| Singapore Dollar | 0.138 | 1.76 | 1.89 |
Gold prices were trading flat around USD 2496.64, while Silver prices also trading flat at USD 28.27.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Gold | 0.04 | -0.20 | 21.03 |
| Silver | -0.03 | -1.97 | 18.78 |
Oil was attempting to hold its line in early trade on Thursday after an overnight sell-off, as players grappled with weak demand alongside a possible delay to more supply entering the market next month.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| US West Texas | 0.55 | -5.44 | -2.89 |
| Brent Crude | 0.48 | -7.31 | -5.17 |
LME commodities prices were trading lower in the early trade on Thursday with Nickel, Lead and Zinc down 1 percent each.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Aluminium | -0.40 | -2.06 | 0.52 |
| Copper | 0.06 | -2.98 | 4.69 |
| Nickel | -1.51 | -3.29 | -2.34 |
| Lead | -1.44 | -1.01 | -2.34 |
| Zinc | -1.77 | -3.50 | 5.17 |
The foreign institutional investors (FIIs) continued their buying on the fifth consecutive session on September 4 as they bought equities worth Rs 975 crore, while domestic institutional investors bought equities worth Rs 97 crore on the same day.
| 4th Sept | MTD | YTD | |
| FII Net Flows | 975.46 | 3,740.17 | -1,38,796.03 |
| DII Net Flows | 97.35 | 2,349.93 | 3,07,953.64 |
Hope you're all set for today's trade, we wish you a profitable day ahead.
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