
How will markets open today? Here are 8 cues to watch out for
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 are implied to open on a subdued note on Wednesday. Also, Asian markets opened on a mixed note in early trade hours following the overnight US markets.
Previously, on Tuesday, the NSE Nifty 50 finished the session 310 points or 1.32% lower at 23,071.80, while the BSE Sensex lost 1,018.20 points or 1.32% to close at 76,293.60.
Key global and domestic cues to know on February 12, 2024
How will markets open today? Here are 8 cues to watch out for
How will markets open today? Here are 7 cues to watch at this hour-
How will markets open today? Here are 8 cues to watch at this hour-
How will markets open today? Here are 7 cues to watch at this hour-
Asia markets traded on a mixed note tracking overnight gains in US markets as Federal Reserve Chairman Jerome Powell indicated no hurry in interest rate cuts. Japan’s Nikkei 225 was trading 0.24% higher at 38,893.58. The Asia Dow was trading 1.25% lower at 3,778.08. South Korea’s Kospi rose 0.26% in early trade hours. The Shanghai Composite was trading flat at 3,318.06. Hong Kong’s key index Hang Seng was trading 1.09% higher at 21,526.41.
The US stock markets closed Tuesday on a mixed note as investors considered cautious commentary by Fed Chair Jerome Powell regarding key lending rates. The S&P 500 rose 0.03% to finish at 6,068.50. Nasdaq Composite lost 0.36% to end at 19,643.86. The Dow Jones Industrial Average added 123.24 points, or 0.28%, to 44,593.65.
US Federal Reserve Chair Jerome Powell once again repeated last month’s message to remain cautious on interest rate cuts. The central bank during his testimony before Congress reaffirmed his stance citing elevated inflation while the job market remains strong. “With the economy remaining strong, we do not need to be in a hurry to adjust our policy stance,” said Powell to the Senate Banking Committee.
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was up 0.07% at 108.04 on Wednesday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. The rupee appreciated 0.75% to close at 86.83 to the dollar on February 11.
The crude oil prices have edged higher. WTI crude prices were trading at $73 down by 0.44%, while Brent crude prices were trading at $76.66 down by 0.43%, on Wednesday morning.
Foreign institutional investors (FII) were the net sellers of shares net worth Rs 4,486.41 crore. Meanwhile, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 4,001.89 crore on February 11, 2024, according to the provisional data available on the NSE.
The 24-carat gold price today was Rs 85,670 per 10 grams. The cost of gold today was below the Rs 86,000 mark. It has risen 1.2% in a week. On Tuesday, the price of gold surged past Rs 86,000 per 10 grams. The gold price has jumped 9.2% in the last one month. The 22 kt gold rate today is Rs 78,531 per 10 grams.
Honasa Consumer, Siemens, Ashok Leyland, Power Finance Corporation, Bharat Forge, Godrej Industries, Aegis Logistics, Jubilant FoodWorks, Bajaj Consumer Care, Balaji Amines, Bajaj Hindusthan Sugar, Crompton Greaves Consumer Electricals, Finolex Cables, Endurance Technologies, GE Power India, Hindustan Aeronautics, Graphite India, ITD Cementation, Muthoot Finance, Natco Pharma, Krsnaa Diagnostics, P N Gadgil Jewellers, R K Swamy, Rashtriya Chemicals & Fertilizers, Rail Vikas Nigam, TBO TEK, Vijaya Diagnostic Centre, Sandhar Technologies, and many other companies will announce their quarterly earnings for the third quarter of the current financial year on February 12.
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