Indian benchmark indices Sensex and Nifty 50 are likely to open on a negative note on April 24, tracking cues from GIFT Nifty trading around 24,260.50 a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
In a volatile session on April 23, the Indian benchmark indices ended on a positive note for the seventh consecutive session, led by the Information Technology, Pharma and Auto stocks.
At close, the Sensex was up 520.90 points or 0.65 percent at 80,116.49, and the Nifty was up 161.70 points or 0.67 percent at 24,328.95.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Down)
The GIFT Nifty is trading lower at around 24,260.50, indicating a negative start for the day.
Asian Equities (Gain)
Asian stocks traded in a tight range at the open Thursday as a global relief rally started to lose steam
after mixed signals from the Trump administration on its plans for China tariffs.
US Equities (Gain)
Wall Street stocks advanced on Wednesday on revived hopes for progress in the US-China trade dispute and as President Donald Trump soothed fears the Federal Reserve could lose its autonomy with reassurances that he has “no intention of firing” Fed Chair Jerome Powell.
All three major U.S. stock indexes pared gains by the closing bell. They gathered momentum during the session after Treasury Secretary Scott Bessent said high tariffs between the U.S. and China were unsustainable and Trump signaled he was open to easing trade tensions between the world’s two largest economies.
The Dow Jones Industrial Average rose 419.59 points, or 1.07%, to 39,606.57, the S&P 500 gained 88.10 points, or 1.67%, to 5,375.86 and the Nasdaq Composite gained 407.63 points, or 2.50%, to 16,708.05.
US Bond Yield (Down)
The US 10-year Treasury yields fell by 45 basis points to 4.36%, and the US 2-year bond yield was down 74 bps to 3.84%.
Dollar Index (Down)
The dollar took a breather on Thursday, following a sharp bounce after President Donald Trump backed away from threats to fire Federal Reserve chair Jerome Powell and his administration opened the door to a softer stance on China tariffs.
Asian currencies (Mixed)
Malaysian Ringgit, Indonesian Rupiah, South Korean Won, Taiwan Dollar were trading lower, while Singapore Dollar, Japanese Yen, Philippines Peso, Thai Baht were trading with gain.
Crude (Flat)
Oil prices ticked up early on Thursday after falling nearly 2% in the previous session, with investors weighing a potential OPEC+ output increase against conflicting tariff signals from the White House and ongoing U.S.-Iran nuclear talks.
Gold (Rises)
Gold gained after its steepest decline in five months that was driven by President Donald Trump’s more conciliatory comments on the trade war and the Federal Reserve.
Fund Flow Action
The Foreign institutional investors (FIIs) extended their buying on the sixth day as they bought equities worth Rs 3332 crore on April 23. However, Domestic institutional investors (DIIs) continued selling on second day as they sold equities of Rs 1234 crore on the same day.
Hope you’re all set for today’s trade. We wish you a profitable day ahead.
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