RSS Sensex, Nifty Set To Open Higher On Firm Global Cues

Currently reading:
 RSS Sensex, Nifty Set To Open Higher On Firm Global Cues

Status
Not open for further replies.

Crax Bot

Staff member
Administrator
Amateur
LV
0
Joined
Nov 5, 2021
Threads
7,281
Likes
1,920
Credits
33,009©
Cash
0$
Indian equities may experience limited movement today as investors prepare for the upcoming Christmas holiday break on Wednesday.

Attention may be drawn to IT stocks following a significant upswing in leading global tech giants such as Nvidia, Broadcom, Alphabet, and Meta, which propelled U.S. benchmark indices upwards overnight.

According to data from the NSE, foreign portfolio investors offloaded shares amounting to Rs. 168.71 crore on December 23, whereas domestic financial institutions acquired shares worth Rs. 2,228 crores.

The benchmark indices, Sensex and Nifty, saw an increase of approximately 0.6 percent and 0.7 percent, respectively, on Monday, recovering from last week's near 5 percent decline.

The rupee hit a new low, closing at 85.12 against the dollar, driven by the typical month-end demand for the U.S. currency.

In Asia, markets showed slight gains this morning. The U.S. dollar strengthened and gold prices remained stable, while oil prices indicated a varied trend in the light trading period before Christmas.

U.S. equities climbed overnight, and Treasury yields rose to levels not seen in nearly seven months following the release of mixed economic data.

American consumer confidence notably declined in December; however, data indicated a rebound in new home sales and an increase in core capital goods orders in November.

The Dow Jones added 0.2 percent, marking its third consecutive day of gains. Meanwhile, the S&P 500 advanced by 0.7 percent, and the tech-dominant Nasdaq Composite saw a 1 percent increase.

U.S. markets are set to close early today and will remain closed on Wednesday in observance of Christmas.

In Europe, stock markets concluded Monday with mixed outcomes amidst ongoing concerns regarding tariff threats from President Trump and persistent political uncertainties in Germany and France.

The pan-European STOXX 600 ticked up by 0.1 percent. France's CAC 40 ended slightly lower, the German DAX decreased by 0.2 percent, and the UK's FTSE 100 rose by 0.2 percent.

The material has been provided by InstaForex Company - www.instaforex.com
 
Status
Not open for further replies.
Tips
Top Bottom