Indian benchmark indices Sensex and Nifty 50 are likely to open lower on October 8, tracking cues from GIFT Nifty trading around 24,865.50, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
In the highly volatile session on October 4, the Indian equity markets ended on a negative note, extending losing streak on the fourth straight session amid escalating geopolitical tensions.
At close, the Sensex was down 808.65 points or 0.98 percent at 81,688.45, and the Nifty was down 200.30 points or 0.79 percent at 25,049.80.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Down)
The GIFT Nifty is trading lower, indicating a weak start for the day. Nifty futures were trading at 24,865.50 at 07:00 am IST.
Asian Equities (Down)
Asian markets mostly fell on Tuesday, with investors watching August pay and spending data out from Japan and as mainland Chinese markets return to trade.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Topix | -0.99 | -0.26 | 10.31 |
| Nikkei | -0.65 | 0.26 | 12.36 |
| Hang Seng | -1.08 | 8.43 | 36.05 |
| Taiwan | -0.83 | -2.38 | 20.86 |
| Kospi | -0.40 | -0.37 | -5.70 |
Wall Street's three major indexes closed down around 1 percent on Monday while Treasury yields rose, as traders tamped down bets for Federal Reserve interest-rate easing and worried about the Middle East conflict's impact on oil prices.
The Dow Jones Industrial Average fell 398.51 points, or 0.94 percent, to 41,954.24, the S&P 500 lost 55.13 points, or 0.96 percent, to 5,695.94 and the Nasdaq Composite lost 213.94 points, or 1.18 percent, to 17,923.90.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Dow Jones | -0.94 | -0.68 | 12.34 |
| S&P500 | -0.96 | -0.95 | 20.52 |
| Nasdaq | -1.18 | -1.25 | 20.50 |
The US 10-year Treasury yield shed 44 bps at 4 percent and the US 2-year bond yield fell 115 bps to 3.94 percent, in the early trade on Tuesday.
| Current Price | MTD | YTD | |
| US 10-Year Treasury | 4 | 3.70 | 4.80 |
| US 2-Year Treasury | 3.94 | 3.66 | 5.08 |
The US dollar is trading near a seven-week high as investors reassessed their positions after last week's strong US jobs data and as fears that Middle East tensions would spill into a wider conflict drove bids for safe havens.
| Current Price | MTD | YTD | |
| Dollar Index | 102.39 | 101.55 | 106.08 |
Asian currencies were trading mixed in the early trade on Tuesday, with the Indonesian Rupiah losing more than 1 percent, followed by the South Korean Won and Chinese renminbi. On the other hand, the Japanese Yen, Singapore Dollar, and Taiwan Dollar were trading with marginal gains.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | -1.28 | -1.47 | -1.83 |
| South Korean Won | -0.111 | -0.396 | -4.07 |
| Japanese Yen | 0.257 | -3.10 | -4.60 |
| Philippines Peso | -0.023 | -0.597 | -2.48 |
| Thai Baht | 0.033 | 1.21 | 2.37 |
| Taiwan Dollar | 0.050 | -0.115 | -4.85 |
| China Renminbi | -0.110 | 1.40 | 1.15 |
| Malaysian Ringgit | 0.016 | 2.05 | 7.22 |
| Singapore Dollar | 0.077 | 0.223 | 1.33 |
Gold prices were down marginally, while Silver prices were down more than 0.5 percent in the early Asian trade on Tuesday.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Gold | -0.04 | 0.29 | 28.05 |
| Silver | -0.71 | 1.11 | 32.27 |
Oil prices edged lower in early Asian trading hours on Tuesday as traders booked profits after prices rallied to their highest in over a month on Monday amid fears that the Middle East could be on the brink of a region-wide war.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| US West Texas | -0.51 | 12,51 | 7.10 |
| Brent Crude | -0.59 | 12.05 | 4.44 |
The commodities were trading mixed in the early trade on Tuesday with Nickel, Zinc and Aluminium up marginally, while Copper and Lead were trading lower.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Aluminium | 0.19 | 1.78 | 11.49 |
| Copper | -0.14 | 1.02 | 16.01 |
| Nickel | 0.33 | 3.07 | 8.73 |
| Lead | -0.05 | 2.50 | 3.87 |
| Zinc | 0.27 | 2.70 | 19.43 |
The foreign institutional investors (FIIs) extended their selling on October 7 as they sold equities worth Rs 8,293.41 crore, while domestic institutional investors bought equities worth Rs 13,245.12 crore on the same day.
| 7th Oct | MTD | YTD | |
| FII Net Flows | -8,293.41 | -23,589.66 | -1,66,125.85 |
| DII Net Flows | 13,245.12 | 71.553.94 | 3,77,137.65 |
Hope you're all set for today's trade, we wish you a profitable day ahead.
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