Indian equity benchmark Sensex and Nifty indices are likely to open on a negative note on April 15 as trends in the GIFT Nifty indicate a weak start for the broader index with a gain of 134.50 points. The indices faced a significant 1 percent decline on April 12 amid a broad-based selloff. Investor sentiment was dampened by escalating tensions between Iran & Israel, hot US CPI inflation data, which dashed hopes of a June rate cut and led to a surge in treasury bond yields. On Friday, the Sensex was down 793.25 points or 1.06 percent at 74,244.90, and the Nifty 50 was down 234.40 points or 1.03 percent at 22,519.40. In the wake of escalating geopolitical tensions, will crude surge to $100 and can gold make a dash at the $3,000/oz mark? Peter Mcguire, CEO, XM Australia shares his thoughts on where commodity prices are headed. Also catch Nandita Khemka decode the cues for trade with Brijesh Ail, Head-Technical & Derivatives, Retail Research, IDBI Capital Markets and Sahil Kapoor, Head-Products & Market Strategist, DSP Mutual Fund.
first published: Apr 15, 2024 09:24 am
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