Indian benchmark indices Sensex and Nifty are likely to see a positive start on November 11, with cues coming from GIFT Nifty, which was trading lower at around 25,693.50.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Indian markets started the week on a strong note, with benchmarks snapping three-day losing streak, helping Nifty to end above 25,550 led by buying seen in the IT, metal, pharma names.
At close, the Sensex was up 319.07 points or 0.38 percent at 83,535.35, and the Nifty was up 82.00 points or 0.32 percent at 25,574.30. About 1,787 shares advanced, 2,183 shares declined, and 132 shares were unchanged.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Up)
The GIFT Nifty is trading higher at around 25,693.50, indicating a positive start for the day.
Asian Equities (Rise)
Asian stocks advanced for a second consecutive day as progress toward ending the record-long US
government shutdown lifted sentiment, sparking a cross-asset rally from commodities to cryptocurrencies.
US Equities (Rise)
Wall Street ended sharply higher on Monday, led by big gains in Nvidia, Palantir and other heavyweight AI-related companies following progress in Washington to end a record government shutdown.
The longest government shutdown in U.S. history could end this week after a compromise that would restore federal funding cleared an initial Senate hurdle late on Sunday, though it was unclear when Congress would give final approval.
The S&P 500 climbed 1.54% to end the session at 6,832.43 points.
The Nasdaq gained 2.27% to 23,527.17 points, its biggest one-day percentage gain since May 27.
The Dow Jones Industrial Average rose 0.81% to 47,368.63 points.
Dollar Index (Up)
The U.S. dollar index was little change against the other major currencies in the early trade on Tuesday.
US Bond Yield (Flat)
The yield on 10-year Treasuries and 2-year Treasuries were trading with little change at 4.11 percent and 3.55 percent, respectively.
Asian Currencies (Mixed)
Asian currencies were trading mostly lower in the early Tuesday trade with South Korean Won leading the losers followed by Japanese Yen, Thai Baht, Taiwan Dollar.
Crude (Mixed)
Oil prices dipped in early Asian trade on Tuesday, trimming gains from the previous session as oversupply concerns outweighed optimism over a potential resolution to the U.S. government shutdown.
Gold (Up)
Gold held gains after recording its biggest daily jump since May, with an imminent end to the longest government shutdown in US history raising the prospect of further interest-rate cuts.
Fund Flow Action
On November 10, Foreign Institutional Investors (FIIs) sold equities of Rs 4114 crore, while Domestic Institutional Investors (DIIs) bought equities of over Rs 5805 crore on the same day.
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