Indian equity benchmarks, the BSE Sensex and Nifty 50, are likely see a higher opening on April 21, tracking positive cues from GIFT Nifty, which is trading higher at around 24,419.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Indian equity markets extended gains for the second straight session but ended flat amid volatility, as uncertainty over the Iran–US ceasefire weighed on sentiment.
At close, the Sensex was up 26.76 points or 0.03 percent at 78,520.30, and the Nifty was up 11.30 points or 0.05 percent at 24,364.85.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Gains)
GIFT Nifty was trading at around 24,419, indicating a positive opening for the Indian equity markets.
Asian Equities (Rise)
Asian stocks edged higher as signs Iran may join talks with the US fostered cautious optimism about progress in the Middle East ahead of a looming ceasefire deadline.
US Equities (Down)
US stocks closed slightly lower on Monday, with each of the three major indexes coming off a third straight week of gains, as renewed U.S.-Iran tensions put the durability of a two-week ceasefire in question.
The Dow Jones Industrial Average shed 4.87 points, or 0.01%, to 49,442.56, the S&P 500 lost 16.92 points, or 0.24%, to 7,109.14 and the Nasdaq Composite declined 64.09 points, or 0.26%, to 24,404.39.
Dollar Index (Flat)
The dollar was little changed against the other major currencies in the early trade on Tuesday.
US Bond Yield (Up)
The yield on 10-year Treasuries was little changed at 4.25%, while yield on 2-year Treasury was up marginally 3.72%.
Asian Currencies (Up)
Among Asian currencies, except Japanese Yen and Singapore Dollar, all other currencies were trading higher.
Crude (Slips)
Oil prices fell on Tuesday, reversing gains in the previous session, on expectations peace talks between the U.S. and Iran will take place this week and allow more supply to flow from the key Middle East producing region.
Gold (Flat)
Gold steadied, as traders weighed prospects for a negotiated settlement to the war in Iran that’s disrupted global energy supplies and heightened inflation risks.
Fund Flow Action
On April 20, the Foreign Institutional Investors (FIIs)sold equities worth over ₹1000 crore, while Domestic Institutional Investors (DIIs) bought equities of nearly ₹3000 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.
