Indian equity benchmarks Sensex and Nifty are likely to open on positive note on February 12, following gains in GIFT Nifty, which was trading around 25,995.50.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
In a volatile trading session on February 11, Indian benchmark indices ended largely unchanged, as gains in auto, pharma, and PSU Bank stocks offset weakness in IT shares.
At close, the Sensex was down 40.28 points or 0.05 percent at 84,233.64, and the Nifty was up 18.70 points or 0.07 percent at 25,953.85.
Here is how financial markets across the globe fared overnight:GIFT Nifty (Up)
The GIFT Nifty is trading higher at around 25,995.50, indicating a firm start opening for the day.
Asian Equities (Rise)
Asian equities advanced for a fifth day, stretching their lead over US peers this year as relatively
cheap valuations and firmer growth prospects lured buyers.
US Equities (Down)
The Nasdaq and the Dow fell slightly on Wednesday, while the S&P 500 made no progress in either direction as a stronger-than-expected employment report eased worries about the economy but also fueled bets that the Federal Reserve could slow its interest-rate cuts.
The Dow Jones Industrial Average fell 66.74 points, or 0.13%, to 50,121.40, the S&P 500 lost 0.34 points to finish at 6,941.47 and the Nasdaq Composite lost 36.01 points, or 0.16%, to 23,066.47.
US Bond Yield (Flat)
The US Treasury 10-year yield up 1 basis points at 4.18%, while 2-year yield down marginally at 3.5%
Dollar Index (Flat)
A resurgent yen, runaway Aussie and steadily rising yuan had the dollar under pressure on Thursday and drifting toward a weekly drop, as investor focus turned to the next batch of U.S. labour and inflation data.
Asian Currencies (Rise)
Most of the Asian currencies were trading higher in the early part of the day.
Crude (Gains)
Oil prices edged up on Thursday morning as investors worried about escalating tensions between the U.S. and Iran.
Gold (Down)
Gold slipped after robust US jobs data reduced expectations the Federal Reserve will move quickly to
cut interest rates.
Fund Flow Action
Foreign Institutional Investors (FIIs) extended their buying streak for the fourth consecutive session on February 11, purchasing equities worth ₹943 crore. Meanwhile, Domestic Institutional Investors (DIIs) turned sellers, offloading equities worth over ₹125 crore.
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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