Indian benchmark indices Sensex and Nifty 50 are likely to open higher on August 6, tracking cues from GIFT Nifty trading near 24,326, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
The Indian markets plunged more than 3 percent intraday on August 5 driven by weak global sentiments led by potential US recession worries after disappointing job data, manufacturing PMI, and jobless claims.
At close, the Sensex was down 2,222.55 points or 2.74 percent at 78,759.40, and the Nifty was down 662.10 points or 2.68 percent at 24,055.60.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Up)
The GIFT Nifty is trading higher, indicating a positive start for the day. Nifty futures were trading at 24,326 at 07:00 am IST.
Asian Equities (Gain)
Japan stocks rebounded sharply on Tuesday after the Nikkei 225 and the Topix dropped over 12 percent in the previous session. Other Asia-Pacific markets also opened higher.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Topix | 10.87 | -8.75 | 1.82 |
| Nikkei | 10.94 | -7.91 | 1.71 |
| Hang Seng | 0.98 | -2.43 | -0.12 |
| Taiwan | 3.76 | -6.90 | 8 |
| Kospi | 4.25 | -8.08 | -9.22 |
US stocks ended with steep losses on Monday, leaving the Nasdaq and S&P 500 down at least 3 percent each as the market extended last week's sell-off amid U.S. recession worries and as Apple shares fell sharply on news that a big investor had cut its stake.
All three major indexes registered their biggest three-day percentage declines since June 2022, and the Nasdaq and S&P 500 closed at their lowest levels since early May.
The recession fears shook global markets and drove investors out of risky assets following weak economic data last week, including Friday's soft U.S. payrolls report.
The Dow Jones Industrial Average fell 1,033.99 points, or 2.6 percent, to 38,703.27, the S&P 500 lost 160.23 points, or 3 percent, to 5,186.33 and the Nasdaq Composite dropped 576.08 points, or 3.43 percent, to 16,200.08.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Dow Jones | -2.60 | -5.11 | 3.47 |
| S&P500 | -3 | -5.95 | 9.56 |
| Nasdaq | -3.43 | -7.82 | 8.74 |
The US 10-year Treasury yield rose 1.5 percent at 3.84 percent and the US 2-year bond yield gained more than 1.5 percent at 3.98 percent.
| CURRENT PRICE | MONTH AGO | YEAR AGO | |
| US 10-Year Treasury | 3.84 | 4.27 | 4.03 |
| US 2-Year Treasury | 3.98 | 4.60 | 4.76 |
The U.S. dollar was nursing steep losses on Tuesday, with the yen on the back foot after a sharp rise in the previous session as traders contend with the unwinding of popular carry trades and the prospect of deep rate cuts from the Federal Reserve.
| CURRENT PRICE | MONTH AGO | YEAR AGO | |
| Dollar Index | 102.79 | 104.87 | 102.04 |
Asian currencies were trading mixed against the US dollar on Tuesday with Chinese renminbi, and the Indonesian Rupiah trading higher, while Japanese Yen, Philippines Peso, Taiwan Dollar were trading in the red.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | MTD (%) | |
| Indonesian Rupiah | 0.068 | 0.550 | -4.86 |
| South Korean Won | -0.080 | 0.850 | -5.81 |
| Japanese Yen | -0.737 | 10.73 | -2.81 |
| Philippines Peso | -0.162 | 0.935 | -4.47 |
| Thai Baht | 0.011 | 2.70 | -3.39 |
| Taiwan Dollar | -0.147 | -0.682 | -6.46 |
| China Renminbi | 0.417 | 1.57 | -0.717 |
| Malaysian Ringgit | -0.713 | 5.57 | 3 |
| Singapore Dollar | 0.098 | 1.93 | -0.302 |
Gold and Silver prices recovered some of the previous session losses with Gold trading higher by 0.20 percent and Silver up nearly 1 percent.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Gold | 0.20 | -1.27 | 17.15 |
| Silver | 0.82 | -5.27 | 15.40 |
Oil prices climbed more than $1 on Tuesday, paring the previous day's loss as concern that an escalating Middle East conflict could hit supplies outweighed the fear of a possible U.S. recession that could hurt demand in the world's biggest oil consumer.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| US West Texas | 1.86 | -4.84 | 3.71 |
| Brent Crude | 1.63 | -4.14 | 0.65 |
LME commodity prices were trading lower on Tuesday, with Lead and Zinc fell more than 4 percent and Copper down nearly 2 percent.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Aluminium | -0.60 | -.177 | -5.62 |
| Copper | -1.89 | -3.45 | 3.85 |
| Nickel | 0.02 | -1.98 | -1.97 |
| Lead | -4.57 | -7.34 | -6.57 |
| Zinc | -0.74 | -1.57 | -0.92 |
The foreign institutional investors (FIIs) sold equities worth Rs 10078 crore on August 5, while domestic institutional investors bought equities worth Rs 9,155 crore on the same day.
| 5th August | MTD | YTD | |
| FII Net Flows | -10,078.8 | -11,294.5 | -1,32,462 |
| DII Net Flows | 9,155.55 | 11,784.5 | 2,69,110 |
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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