Key Global Indicators for Today’s Trading Session
Key Global Indicators :The Indian benchmark indices, Sensex and Nifty 50, are expected to open positively on January 15, following cues from GIFT Nifty trading around 23,308.50 earlier this morning.
After a four-day losing streak, the Indian equity indices rebounded and closed higher on January 14, with most sectors seeing buying activity except for IT and FMCG. The Sensex closed up 169.62 points or 0.22 percent at 76,499.63, while the Nifty closed up 90.10 points or 0.39 percent at 23,176.05.
Financial markets worldwide performed as follows overnight:
GIFT Nifty (Gains)
The GIFT Nifty is trading higher, indicating a positive start for the day with Nifty futures at 23,308.50 at 07:20 am IST.
Asian Equities (Mixed)
Asian stocks traded mixed following a subdued US session as investors awaited key inflation data that could impact Federal Reserve rates in the coming months.
US Equities (Mixed)
The S&P 500 rose slightly, while the Nasdaq dipped after a volatile session on Tuesday as investors assessed inflation data and prepared for quarterly earnings reports.
The Dow Jones Industrial Average increased by 221.16 points, or 0.52%, to 42,518.28, the S&P 500 gained 6.69 points, or 0.11%, to 5,842.91, and the Nasdaq Composite lost 43.71 points, or 0.23%, to 19,044.39.
US Bond Yield (Down)
The US 10-Year Treasury yield decreased by 17 bps to 4.78 percent, and the 2-year Treasury yield was down 10 bps to 4.36 percent in early Wednesday trading.
Dollar Index (Flat)
The dollar index remained flat against major currencies in early Wednesday trading.
Asian Currencies (Mixed)
Asian
Crude Oil Prices Rise Following Cease-Fire Agreement Between Hamas and Israel
Crude oil prices rebounded after a slight dip from a five-month high on Tuesday, as Hamas and Israel reached a tentative cease-fire agreement. This development helped to ease concerns about potential disruptions to Russian and Iranian oil supplies. Meanwhile, gold prices remained stable.
Gold Prices Dip Slightly, Silver Prices Also Decline
Gold prices saw a marginal decrease to USD 2673 per ounce, while silver prices dropped by nearly 0.5 percent to USD 29.80 per ounce.
Investment Trends: Foreign and Domestic Institutional Activity
Foreign institutional investors (FIIs) sold off equities worth Rs 8,132 crore on January 14, while domestic institutional investors purchased equities worth Rs 7,901 crore on the same day.
We hope you are prepared for today’s trading session and wish you a successful day ahead.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.