Indian benchmark indices, Sensex and Nifty, are likely to see a flat to negative opening on December 9, with cues coming from GIFT Nifty, which was trading lower at around 25,907.50.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
The Indian equity indices ended lower for the second consecutive session amid volatility on December 9, led by uncertainty over the US trade deal and cautious mood ahead of the Federal Reserve's rate decision.
At close, the Sensex was down 436.41 points or 0.51 percent at 84,666.28, and the Nifty was down 120.9 points or 0.47 percent at 25,839.65.
Broader indices outperformed the main indices, with the BSE midcap index adding 0.6 percent and the smallcap index rising 1.3 percent.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Slips)
The GIFT Nifty is trading lower at around 25,907.50, indicating a flat to negative start for the day.
Asian Equities (Mixed)
Asian stocks crept higher following a sluggish session on Wall Street as investors awaited clues on
the Federal Reserve’s policy path in its final interest-rate decision of the year.
US Equities (Mixed)
The S&P 500 ended Tuesday's session slightly lower as investors anticipated that the Federal Reserve would take a hawkish tone even if it cuts interest rates this week, while JPMorgan was the heaviest drag on the benchmark index after the biggest U.S. bank warned of hefty expenses for 2026.
The Fed kicked off its two-day policy meeting on Tuesday with traders widely expecting a quarter-percentage point rate cut despite inflation still running above the central bank's 2% target.
The Dow Jones Industrial Average fell 179.03 points, or 0.38%, to 47,560.29, the S&P 500 lost 6.00 points, or 0.09%, to 6,840.51, and the Nasdaq Composite gained 30.58 points, or 0.13%, to 23,576.49.
US Bond Yield (Flat)
The yield on 10-year Treasuries was little changed at 4.18%, while the 2-year Treasury yield was down marginally at 3.60%.
Dollar Index (Flat)
The dollar was broadly steady and moves in other currencies were muted ahead of a key Federal Reserve policy decision later in the day, where investors are wagering on a cut in what is likely to be one of the most fractious meetings in years.
Asian Currencies (Gain)
Except the Malaysian Ringgit, all other Asian currencies were trading higher in the early trade on Wednesday.
Crude (Up)
Oil prices were trading with marginal gains after settling lower on Tuesday, with investors keeping a close eye on peace talks to end Russia's war in Ukraine, concerns about ample supply, and a looming decision on U.S. interest rates.
Silver (Gains)
Silver extended gains after breaking above USD 60 an ounce for the first time on Tuesday, with traders betting on further monetary easing by the Federal Reserve and continued supply tightness.
The white metal rose to a record USD 60.9213 an ounce on Wednesday, building on a 4.3% increase in the previous session.
Fund Flow Action
The Foreign Institutional Investors (FIIs) continued their selling in this month as they sold equities worth Rs 3760 crore on December 9, while Domestic Institutional Investors (DIIs) bought equities of more than Rs 6200 crore on the same day.
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