Indian benchmark indices Sensex and Nifty 50 are likely to open on a flat to positive note on September 17, tracking cues from GIFT Nifty trading near 25,492.50, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Indian markets climbed to fresh all-time high and snapped a three-day losing streak on September 16, with Nifty finishing near 25,400 led by bank, metal, and energy names.
At close, the Sensex was up 97.84 points or 0.12 percent at 82,988.78, and the Nifty was up 27.25 points or 0.11 percent at 25,383.75.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Gains)
The GIFT Nifty is trading marginally higher, indicating a flat to positive start for the day. Nifty futures were trading at 25,492.50 at 07:00 am IST.
Asian Equities (Down)
Asian markets were trading lower following a mixed trading session on Wall Street as investors prepare for the Federal Reserve to kick off its monetary loosening cycle
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Topix | -0.90 | -2.23 | 9.01 |
| Nikkei | -0.96 | -2.42 | 9.60 |
| Hang Seng | - | - | - |
| Taiwan | - | - | - |
| Kospi | - | - | - |
The S&P 500 eked out a slight gain in a subdued session while the Nasdaq fell on Monday, weighed down by a drop in technology stocks as investors assessed the likelihood of an upsized rate cut from the U.S. Federal Reserve this week.
The Dow Jones Industrial Average rose 228.30 points, or 0.55%, to 41,622.08, the S&P 500 gained 7.07 points, or 0.13%, to 5,633.09 and the Nasdaq Composite lost 91.85 points, or 0.52%, to 17,592.13.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Dow Jones | 0.55 | 0.16 | 11.33 |
| S&P500 | 0.13 | -0.25 | 19.06 |
| Nasdaq | -0.52 | -0.67 | 18.15 |
The US 10-year Treasury yields rose 21 bps at 3.62 percent and US 2-year bond yield added 18 bps to 3.55 percent, in the early trade on Tuesday.
| CURRENT PRICE | MTD | YTD | |
| US 10-Year Treasury | 3.62 | 3.88 | 4.33 |
| US 2-Year Treasury | 3.55 | 4.04 | 5.03 |
The dollar traded near its lowest levels of the year on Tuesday, on the eve of the expected the start to a U.S. easing cycle that markets are betting may begin with an outsized rate cut.
| CURRENT PRICE | MTD | YTD | |
| Dollar Index | 100.73 | 102.46 | 105.32 |
Among Asian currencies, except South Korean Won and Thai Baht all other were trading higher against the US dollar in the early trade on Tuesday.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | 0.240 | 2.79 | -0.019 |
| South Korean Won | -0.002 | 1.02 | -2.20 |
| Japanese Yen | 0.093 | 4.35 | 0.434 |
| Philippines Peso | 0.099 | 1.50 | -0.783 |
| Thai Baht | -0.309 | 3.14 | 2.69 |
| Taiwan Dollar | 0.361 | 1.28 | -4.07 |
| China Renminbi | 0.289 | 0.814 | 0.039 |
| Malaysian Ringgit | 0.109 | 2.009 | 6.92 |
| Singapore Dollar | -0.046 | 0.949 | 1.88 |
Gold price were trading marginally lower at $2,578, while the Silver prices also trading lower at $30.70.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Gold | -0.11 | 3.05 | 25.02 |
| Silver | -0.11 | 6.40 | 29.05 |
Oil prices were trading higher as the ongoing impact of Hurricane Francine on output in the U.S. Gulf of Mexico offset persistent Chinese demand concerns ahead of this week's U.S. Federal Reserve interest rate cut decision.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| US West Texas | 0.47 | -4.26 | -1.72 |
| Brent Crude | 0.21 | -7.49 | -5.37 |
Except Lead, all other commodities were trading higher with Nickel and Aluminium gained more than 2 percent each.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Aluminium | 2.33 | 3.33 | 6.06 |
| Copper | 0.88 | 1.68 | 9.71 |
| Nickel | 2.13 | -2.87 | -1.92 |
| Lead | -0.24 | -0.71 | -1.45 |
| Zink | 1.43 | 1.69 | 10.84 |
The foreign institutional investors (FIIs) bought equities worth Rs 1635 crore on September 16, while domestic institutional investors also bought equities worth Rs 754 crore on the same day.
| 16th Sept | MTD | YTD | |
| FII Net Flows (Rs Cr) | 1635 | - | - |
| DII Net Flows (Rs Cr) | 754 | - | - |
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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