Indian benchmark indices Sensex and Nifty 50 are likely to see a flat start on November 6, tracking cues from GIFT Nifty trading around 24,275, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
The domestic benchmark indices bounced back in November 5 trade posting a sharp recovery after declining in the morning trade.
The Nifty dropped as much as 0.5 percent to an intraday low of 23,842.75 before rebounding to a high of 24,229.05, up 1.6 percent from the day’s low. It settled in green at 24,198.30, up 0.85 percent.
The 30-share Sensex pack settled at 79,476.63, higher by 0.88 percent. During the day, it rose over 1200 points from its day's low to 79,523.13.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Flat)
The GIFT Nifty is trading flat, indicating a muted start for the day. Nifty futures were trading at 24,275 at 07:00 am IST.
Asian Equities (Gain)
Asian equities were trading higher in the early trade on Wednesday with Nikkei adding nearly 1.5 percent.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Topix | 1.2o | -0.51 | 6.20 |
| Nikkei | 1.42 | -0.70 | 8.68 |
| Hang Seng | |||
| Taiwan | 0.15 | 1.27 | 24.35 |
| Kospi | 0.46 | 0.71 | -8.15 |
US stocks closed sharply higher in a broad rally on Tuesday after data signaled a solid economy, but investors braced for volatile trading this week as voting was underway in an extremely tight U.S. presidential election.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Dow Jones | 1.02 | 1.13 | 13.24 |
| S&P500 | 1.23 | 1.39 | 22.55 |
| Nasdaq | 1.43 | 1.95 | 24.17 |
US 10-Year Treasury added 192 bps at 4.35 percent, while US 2-Year Treasury jumped 164 bps at 4.24 percent in the early trade on Wednesday.
| Current Price | MTD | YTD | |
| US 10-Year Treasury | 4.35 | 4.02 | 4.64 |
| US 2-Year Treasury | 4.24 | 3.99 | 4.93 |
A gauge of the dollar was slightly higher as the first polls closed in the US presidential election with the outcome still uncertain
| Current Price | MTD | YTD | |
| Dollar Index | 104.17 | 102.53 | 105.21 |
Asian currencies were trading mixed in the early trade on Wednesday. However, on year-to- date basis Malaysian Ringgit and Thai Baht were up 1-5 percent, while other currencies gave negative return.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | 0.025 | -0.394 | -2.22 |
| South Korean Won | -0.339 | -2.94 | -6.79 |
| Japanese Yen | 0.870 | -3.09 | -7.76 |
| Philippines Peso- | -0.384 | -3.03 | -5.40 |
| Thai Baht | -0.556 | -0.912 | 1.38 |
| Taiwan Dollar | -0.219 | 0.409 | -4.50 |
| China Renminbi | 0.042 | -1.21 | -0.066 |
| Malaysian Ringgit | 0.252 | -1.66 | 5.44 |
| Singapore Dollar | 0.560 | -1.33 | -0.306 |
Oil prices fell on Wednesday as presidential election polls were closing in the United States.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| US West Texas | -0.44 | 3.34 | 0.04 |
| Brent Crude | -0.50 | 2.58 | -2.43 |
Gold was down marginally as investors waited for initial results in a closely fought US election that could prove massively consequential for financial markets
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Gold | -0.14 | -0.18 | 32.83 |
| Silver | -0.60 | -0.75 | 36.43 |
The LME commodities price were trading mixed in the early trade on Tuesday with Copper rose more than 1 percent and Aluminium was up 0.7 percent. On the other hand, Lead and Zinc prices shed 1 percent each.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Aluminium | 1.53 | 1.62 | 11.58 |
| Copper | 0.43 | 2.45 | 13.78 |
| Nickel | 0.72 | 2.58 | -2.89 |
| Lead | -0.25 | 0.42 | -1.98 |
| Zinc | 2.24 | 2.48 | 16.76 |
The foreign institutional investors (FIIs) sold equities worth Rs 2,569 crore on November 5, while domestic institutional investors bought equities worth Rs 3031 crore on the same day.
| 5yh Nov | MTD | YTD | |
| FII Net Flows | -2,569.41 | -1,00,320.40 | -2,42,307.90 |
| DII Net Flows | 3,030.96 | 1,70,992.17 | 4,76,575.88 |
Hope you're all set for today's trade, we wish you a profitable day ahead.
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