Indian Markets May Open Flat to Positive

17 Sep 2024 , 07:46 AM

Indian indices likely to open flat to positive on September 17. The GIFT Nifty is trading marginally lower with 0.01% at 25499 at 7.30 am indicating a flat start of the day.

On September 16, indices reached their all-time high with Sensex closing at 82,988.78, 0.12% or 97.84 points up while Nifty was up 27.25 points or 0.11% up to close at 25,383.75 which is led by bank, metal and energy stocks.

Global Markets:

Asian markets trading lower on Tuesday after preparation of monetary loosening cycle kicks off by Federal Reserve.

In a quiet trading session, the S&P 500 posted a slight gain, while the Nasdaq declined on Monday, dragged down by a drop in technology stocks as investors evaluated the possibility of a larger-than-expected rate cut by the U.S. Federal Reserve this week.

The Dow Jones Industrial Average climbed 228.30 points, or 0.55%, to close at 41,622.08. The S&P 500 increased by 7.07 points, or 0.13%, to reach 5,633.09, while the Nasdaq Composite dropped 91.85 points, or 0.52%, finishing at 17,592.13.

FII & DII Data:

On September 16, FIIs bought equities worth ₹1635 crore while DIIs bought equities of ₹754 crore.