Indian benchmark indices, Sensex and Nifty, are likely to see a muted start today, December 26, with cues coming from GIFT Nifty, which was trading flat at around 26,140.5.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
The Indian equity indices ended with marginal losses on December 24, following a volatile trading session marked by muted volumes ahead of the Christmas holiday. At close, the Sensex was down 116.14 points or 0.14 percent at 85,408.70, and the Nifty was down 35.05 points or 0.13 percent at 26,142.10.
Except media and metal, all other sectoral indices ended in the red with Information Technology, Oil & Gas, Pharma, PSU Bank down 0.4% each.
The BSE midcap index was down 0.3 percent and smallcap index ended flat.
Here is how financial markets across the globe fared overnight:GIFT Nifty (Flat)
The GIFT Nifty is trading flat at around 26,140.5, indicating a muted start for the day.
Asian Equities (Up)
Asian stocks edged higher in thin trade Friday as Japanese and South Korean shares gained while many regional markets remained shut for holidays.
US Equities (Up)
U.S. stocks closed higher on Wednesday, as the Dow Industrials and S&P 500 registered record closing highs in a broad rally during a holiday-shortened session.
The Dow Jones Industrial Average rose 288.75 points, or 0.60%, to 48,731.16, the S&P 500 gained 22.26 points, or 0.32%, to 6,932.05 and the Nasdaq Composite gained 51.46 points, or 0.22%, to 23,613.31.
The US markets were shut on Thursday for Christmas.
US Bond Yield (Gains)
The yield on 10-year Treasuries was up 1 basis point at 4.14 percent and 2-year Treasuries were up marginally at 3.50 percent.
Dollar Index (Up)
The dollar index was little changed against the other major currencies in the early Friday trade.
Asian Currencies (Mixed)
Asian currencies were trading mixed in the early Friday trade with Japanese Yen lost the most followed by South Korean Won, Philippines Peso, Taiwan Dollar, Singapore Dollar. On the other hand, Indonesian Rupiah, China Renminbi, Malaysian Ringgit were trading higher.
Crude (Up)
Oil prices climbed on Friday after the U.S. ordered increased economic pressure on Venezuelan oil shipments and carried out airstrikes against Islamic State militants in northwest Nigeria at the request of Nigeria's government.
Gold (Up)
Gold prices surged to a record high in early Asian trading on Friday, buoyed by safe-haven demand and rising expectations of further interest rate cuts by the U.S. Federal Reserve.
Fund Flow Action
On December 24, Foreign Institutional Investors (FIIs) sold equities worth Rs 1,721 crore, extending their selling streak for the third consecutive session, while Domestic Institutional Investors (DIIs) purchased equities of Rs 2,381 crore, providing a cushion to the market.
Hope you're all set for today's trade. We wish you a profitable day ahead.
Disclaimer: 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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