Indian benchmark indices Sensex and Nifty 50 are likely to open on positive note on September 10, tracking cues from GIFT Nifty trading near 25,034, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Indian markets rebounded from a three-day slump, driven by gains in consumer staples and banking shares. The NSE Nifty 50 Index edged up 0.34 percent to 24,936.40, while the BSE Sensex rose 0.46 percent to 81,559.54.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Gains)
The GIFT Nifty is trading lower, indicating a positive start for the day. Nifty futures were trading at 25,034 at 07:00 am IST.
Asian Equities (Rise)
Asian markets were trading higher on Tuesday, following gains on Wall Street that saw both the S&P 500 and Nasdaq Composite rebound from their worst week of the year.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Topix | 0.56 | -2.48 | 8.75 |
| Nikkei | 0.44 | -4.05 | 7.81 |
| Hang Seng | - | - | - |
| Taiwan | 0.60 | -4.98 | 13.87 |
| Kospi | 0.13 | -5.43 | -7.35 |
Wall Street's three major indexes gained more than 1 percent on Monday as investors looked for bargains after the previous week's sell-off and waited for inflation reports in the coming days and the Federal Reserve's next policy decision next week.
The Dow Jones Industrial Average rose 484.18 points, or 1.20%, to 40,829.59; the S&P 500 gained 62.63 points, or 1.16%, to 5,471.05; and the Nasdaq Composite gained 193.77 points, or 1.16%, to 16,884.60.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Dow Jones | 1.20 | -1.67 | 9.30 |
| S&P500 | 1.16 | -3.04 | 15.73 |
| Nasdaq | 1.16 | -4.58 | 13.49 |
The US 10-year Treasury yields gained 30 bps at 3.71 percent and US 2-year bond yield was up 28 bps to 3.67 percent, in the early trade on Tuesday.
| CURRENT PRICE | MTD | YTD | |
| US 10-Year Treasury | 3.71 | 3.93 | 4.26 |
| US 2-Year Treasury | 3.67 | 4.05 | 4.99 |
The dollar was trading steady against the yen and other major currencies on Tuesday.
| CURRENT PRICE | MTD | YTD | |
| Dollar Index | 101.71 | 103.13 | 105.09 |
Except for Malaysian Ringgit, all other Asian currencies were trading in the red against the US dollar. However, year-to-date, South Korean Won and Taiwan Dollar lost 4 percent each, while Malaysian Ringgit gained 5 percent.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | - 0.505 | 3.03 | -0.369 |
| South Korean Won | -0.287 | 1.83 | -4.01 |
| Japanese Yen | -0.153 | 2.66 | -1.63 |
| Philippines Peso | -0.096 | 1.47 | -1.97 |
| Thai Baht | -0.091 | 3.64 | 1.04 |
| Taiwan Dollar | -0.096 | 1.01 | -4.82 |
| China Renminbi | -0.219 | 0.769 | -0.191 |
| Malaysian Ringgit | 0.078 | 1.95 | 5.15 |
| Singapore Dollar | -0.054 | 1.36 | 1.05 |
Gold prices were trading marginally lower at around USD 2505.23, while Silver prices were trading flat at USD 28.36.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Gold | -0.07 | 0.07 | 21.41 |
| Silver | -0.08 | -1.81 | 19.04 |
Oil was steady in early trade on Tuesday as investors weighed supply disruptions from Tropical Storm Francine and the potential for further output cuts against persistently weak Chinese demand.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| US West Texas | 0.38 | -3.94 | -3.74 |
| Brent Crude | 0.43 | -2.21 | -6.35 |
Except for Lead, all other commodities were trading higher in the early trade on Tuesday with Copper rising 1 percent.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Aluminium | 0.36 | -3.94 | -1.41 |
| Copper | 1.12 | -1.49 | 6.29 |
| Nickel | 0.06 | -5.15 | -4.22 |
| Lead | -0.51 | -4.87 | |
| Zinc | 0.50 | -5.73 |
The foreign institutional investors (FIIs) turned net buyers on September 9 as they bought equities worth Rs 1176 crore, while domestic institutional investors bought equities worth Rs 1,757 crore on the same day.
| 9th Sept | MTD | YTD | |
| FII Net Flows | 1,176.55 | 3,607.08 | -1,38,073.32 |
| DII Net Flows | 1,757.02 | 9,199.22 | 3,14,802.93 |
Hope you're all set for today's trade, we wish you a profitable day ahead.
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