Indian benchmark indices, Sensex and Nifty, are likely to see a positive start on December 24, with cues coming from GIFT Nifty, which was trading lower at around 26,236.50.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
The Indian markets failed to build on the opening gains and traded in a range-bound movement throughout the session, breaking a two-day gaining streak. At close, the Sensex was down 42.64 points or 0.05 percent at 85,524.84, and the Nifty was up 4.75 points or 0.02 percent at 26,177.15.
The BSE midcap index ended flat, while the smallcap index rose 0.4 percent.
Here is how financial markets across the globe fared overnight:GIFT Nifty (Gains)
The GIFT Nifty is trading higher at around 26,236.50, indicating a firm opening for the day.
Asian Equities (Up)
Asian stocks advanced at the open after the S&P 500 Index climbed to a record, supported by data showing the US economy grew at its fastest pace in two years.Â
US Equities (Rise)
US stocks rose on Tuesday, and the S&P 500 notched a closing record after a flurry of economic data that included a reading of economic growth, pushed bond yields higher and elevated growth names.
The Dow Jones Industrial Average rose 79.73 points, or 0.16%, to 48,442.41, the S&P 500 gained 31.30 points, or 0.46%, to 6,909.7,9 and the Nasdaq Composite gained 133.02 points, or 0.57%, to 23,561.84.
US Bond Yield (Down)
The yield on 10-year Treasuries and 2-year Treasuries were down marginally at 4.15 percent and 3.53 percent, respectively.
Dollar Index (Down)
The dollar extended its slide into a third day. The dollar is heading for its worst annual performance in eight years, and the options market is signaling that traders are preparing for more downside in the final sessions of 2025 and beyond.
Asian Currencies (Up)
Except for the Indonesian Rupiah, all other Asian currencies were trading higher in the early trade on Wednesday. However, on a year-to-date basis, the Malaysian Ringgit and Thai Baht rose more than 10 percent each.
Crude (Up)
The geopolitical tensions extended oil’s rally into a sixth straight session, with West Texas Intermediate crude trading above $58.50 a barrel.
Gold (Gains)
Gold surged to break above the psychological milestone of $4,500 an ounce on Wednesday for the first time, as safe-haven demand and expectations of rate cuts kept bullion a favored asset.
Fund Flow Action
On December 23, Foreign Institutional Investors (FIIs) were net sellers, offloading equities worth Rs 1,794 crore, while Domestic Institutional Investors (DIIs) provided a strong counterbalance with net purchases of Rs 3,812 crore.
Hope you're all set for today's trade. We wish you a profitable day ahead.
Disclaimer:Â 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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