Indian benchmark indices Sensex and Nifty are likely to see a strong opening today, November 20, with cues coming from GIFT Nifty, which was trading at around 26,154.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
The Indian equity indices bounced back on November 19, erasing all the previous session losses with Nifty finishing above 26,000 led by IT and financials.
At close, the Sensex was up 513.45 points or 0.61 percent at 85,186.47, and the Nifty was up 142.60 points or 0.55 percent at 26,052.65.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Up)
The GIFT Nifty is trading higher at around 26,154, indicating a strong start for the day.
Asian Equities (Gain)
A relief rally swept across Asian markets and lifted stocks in early trading on Thursday as investors cheered Nvidia's market-topping earnings.
US Equities (Up)
US stocks ended a choppy session higher on Wednesday, bouncing off recent losses as technology stocks rose ahead of Nvidia's quarterly results.
The Dow Jones Industrial Average rose 47.03 points, or 0.10%, to 46,138.77, the S&P 500 gained 24.84 points, or 0.38%, to 6,642.16 and the Nasdaq Composite advanced 131.38 points, or 0.59%, to 22,564.23.
Dollar Index (Up)
The dollar was riding high on Thursday after notching its sharpest gain in six weeks as Fed minutes made a December U.S. rate cut seem less likely, while the yen tumbled on bets that Japan would not immediately step in to stem its weakness.
US Bond Yield (Up)
The yield on 10-year Treasuries and 2-year Treasuries were trading marginally higher in the early Thursday trade at 4.14 percent and at 3.60 percent, respectively.
Asian Currencies (Mixed)
Asian currencies were trading mixed in the early trade on Thursday, with the China Renminbi, Philippines Peso, Malaysian Ringgit, South Korean Won down marginally, while Indonesian Rupiah, Japanese Yen, Thai Baht, Taiwan Dollar, Singapore Dollar trading higher.
Crude (Up)
Oil prices edged higher on Thursday, recovering from losses in the previous session, as markets assessed the latest U.S. proposals to end the war in Ukraine and prepared for a U.S. deadline to cease operations with two major Russian oil firms.
Gold (Rises)
Gold continued to claw back losses after its recent drop, showing demand for the precious metal remains strong despite a risk-on mood in wider financial markets.
Fund Flow Action
The Foreign Institutional Investors (FIIs) turned net buyers as they bought equities of Rs 1580 crore on November 19, while Domestic Institutional Investors (DIIs) purchased equities of Rs 1360 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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