Indian equity benchmarks, Sensex and Nifty, are likely to see a robust start on February 23, following gains in GIFT Nifty, which was trading higher at around 25,748.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
The market staged a strong rebound on February 20, recovering a portion of the previous session’s losses, with the Nifty closing above 25,550, supported by broad-based buying across sectors, except IT stocks.
At close, the Sensex was up 316.57 points or 0.38 percent at 82,814.71, and the Nifty was up 116.90 points or 0.46 percent at 25,571.25.
Here is how financial markets across the globe fared overnight:GIFT Nifty (Up)
The GIFT Nifty is trading higher at around 25,748, indicating a strong opening for the day.
Asian Equities (Up)
Share markets were hesitant, and the dollar slid in Asia on Monday as investors waited for some much-needed clarity on U.S. tariffs, while confidence in the entire AI trade was set to be tested by results from tech-diva Nvidia this week.
US Equities (Gain)
U.S. stocks ended higher on Friday, led by gains in Alphabet, Amazon, and other Wall Street heavyweights after the Supreme Court struck down President Donald Trump's global tariffs.
The S&P 500 climbed 0.69% to end the session at 6,909.51 points.
The Nasdaq gained 0.90% to 22,886.07 points, while the Dow Jones Industrial Average rose 0.47% to 49,625.97 points.
Dollar Index (Slips)
The dollar fell on Monday as traders took the U.S. Supreme Court's decision to strike down most of President Donald Trump's tariffs as supportive for global growth, though confusion and risk of conflict in the Middle East kept moves relatively small.
US Bond Yield (Up)
The US Treasury 10-year yield rose nearly 2 basis points to 4.08%, and the yield on the 2-year Treasury was up 2 basis points at 3.47%.
Asian Currencies (Gain)
Except China Renminbi, all other Asian currencies were trading higher in the early trade on Monday, with the Japanese Yen leading the gainers, followed by the Malaysian Ringgit, Philippines Peso, South Korean Won.
Crude (Falls)
Oil prices slipped on Monday after President Donald Trump said he would raise U.S. tariffs on global imports, creating uncertainty for world economic growth and fuel consumption.
Gold (Rises)
Gold rose as uncertainty over what would happen to trade deals negotiated with the US, after the Supreme Court restrained President Donald Trump’s tariff powers, unsettled markets.
Fund Flow Action
Foreign Institutional Investors (FIIs) extended their selling as they sold equities worth Rs 934 crore on February 20. However, Domestic Institutional Investors (DIIs) bought equities worth Rs 2637 crore.
Hope you're all set for today's trade. We wish you a profitable day ahead.
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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