Indian benchmark indices Sensex and Nifty are likely to open on a positive note on November 17, with cues coming from GIFT Nifty, which was trading at around 26,012.50.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Dalal Street saw a volatile session on November 14 but ended the week on a positive note, with the Nifty 50 and Sensex gaining nearly two percent over the past five sessions. The trade set-up looked weak early in the day as poor global cues threatened to dampen sentiment.
At close, the Sensex was up 84.11 points or 0.10 percent at 84,562.78, and the Nifty was up 30.90 points or 0.12 percent at 25,910.05.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Up)
The GIFT Nifty is trading higher at around 26,012.50, indicating a positive start for the day.
Asian Equities (Mixed)
Asian shares were off to a cautious start to the week, with a barrage of US economic data and earnings from AI bellwether Nvidia Corp. expected to shape the market narrative.
US Equities (Mixed)
Wall Street stocks ended mixed on Friday as investors looked ahead to Nvidia's quarterly results next week and worried that the Federal Reserve may hold off on cutting U.S. interest rates in December.
The Nasdaq gained 0.13% to 22,900.59 points, while the Dow Jones Industrial Average declined 0.65% to 47,147.48 points.
Dollar Index (Gains)
The dollar firmed slightly on Monday as investors braced for the release of a slew of U.S. economic data following the ending of the government's shutdown, hoping it will add clarity to the Federal Reserve's rate outlook in December.
US Bond Yield (Flat)
The yield on 10-year Treasuries and 2-year Treasuries were down marginally in the early trade at 4.14 percent and at 3.59 percent, respectively.
Asian Currencies (Down)
Asian currencies were trading mostly lower in the early Monday trade, with the Chinese Renminbi leading the losers, followed by the South Korean Won, Singapore Dollar, Philippine Peso, and Thai Baht.
Crude (Slips)
Oil prices fell in early Asian trade on Monday, erasing last week's gains, as loadings resumed at the key Russian export hub of Novorossiysk after a two-day suspension at the Black Sea port that had been hit by a Ukrainian attack.
Gold (Gains)
Gold edged higher, halting two days of losses spurred by fading optimism that the US Federal Reserve will cut interest rates next month.
Fund Flow Action
The Foreign Institutional Investors (FIIs) remained net sellers for the fifth consecutive session as they sold equities of Rs 4968 crore on November 14, while Domestic Institutional Investors (DIIs) bought equities of Rs 8461 crore on the same day.
Hope you're all set for today's trade. We wish you a profitable day ahead.
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