Indian equity benchmarks, Sensex and Nifty, are likely to see a positive start today, February 26 following gains in GIFT Nifty, which was trading higher at around 25,647.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Indian markets began the March series on a firm footing, with the Nifty opening above 25,500 and trading in positive territory for most of the session, touching an intraday high of 25,652.60. However, profit booking in the afternoon session wiped out the early gains, leading the benchmark to close on a flat note.
At close, the Sensex was up 50.15 points or 0.06 percent at 82,276.07, and the Nifty was up 57.85 points or 0.23 percent at 25,482.50.
Here is how financial markets across the globe fared overnight:GIFT Nifty (Up)
The GIFT Nifty was trading higher at around 25,647, indicating a firm opening.
Asian Equities (Rise)
Asian shares climbed for a fourth day as recent turmoil sparked by concerns over the impact of artificial intelligence subsided, though gains were tempered by a muted response to Nvidia Corp.’s upbeat sales forecast.
US Equities (Gain)
Wall Street ended higher on Wednesday, extending its tech-led rally and touching two-week highs as worries over artificial intelligence disruption and costs took a back seat to renewed optimism over the nascent technology's potential benefits.
The Dow Jones Industrial Average rose 307.65 points, or 0.63%, to 49,482.15, the S&P 500 gained 56.06 points, or 0.81%, to 6,946.13 and the Nasdaq Composite gained 288.40 points, or 1.26%, to 23,152.08.
Dollar Index (Slips)
The dollar began the day on the back foot during the Asian trading session on Thursday, as better-than-expected earnings from Nvidia boosted investor confidence and markets awaited details of the latest U.S. tariffs on imports of foreign goods.
US Bond Yield (Flat)
The yields on US Treasury 10-year 2-year were down marginally at 4.05% and 3.46%.
Asian Currencies (Up)
Except Philippine Peso, all other Asian currencies were trading higher in early trade on Thursday.
Crude (Gains)
Oil edged higher before nuclear talks between the US and Iran, with some major Middle Eastern producers boosting exports as concerns about a potential conflict in the region create uncertainty about future supply.
Gold (Rise)
Gold steadied, as traders weighed geopolitical tensions in the Middle East and the impact of US
tariffs on global trade.
Fund Flow Action
On February 25, Foreign Institutional Investors (FIIs) bought equities worth ₹2991 crore, while Domestic Institutional Investors (DIIs) extended their support as they purchased equities worth ₹5118 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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