Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 39 points at the opening bell.
Global Markets:
The US Dow Jones index futures is currently up by 26 points, signaling a positive opening for US stocks today.
Asian markets exhibited a mixed performance on Tuesday. Most stocks edged higher, but Japanese stocks extended their losses.
Investor sentiment remained cautious as they awaited the release of the U.S. Consumer Price Index (CPI) data later on Tuesday. This data is expected to be a key factor in the Federal Reserve's plans for potential interest rate adjustments in 2024.
Unlike other Asian markets, Japanese stocks continued their downward trend. This decline reflects growing speculation that the Bank of Japan might raise interest rates sooner than anticipated.
The U.S. market witnessed a pullback on Monday, snapping a streak of record highs for major indices. Information technology stocks faced selling pressure, raising questions about whether stocks tied to artificial intelligence can sustain their momentum after significant rallies.
Domestic Equity Market:
Foreign portfolio investors (FPIs) bought shares worth Rs 4,212.76 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 3,238.39 crore in the Indian equity market on 11 March 2024, provisional data showed.
Powered by Capital Market - Live News