Indian Markets May Open Positively Amid Global Gains

10 Sep 2024 , 09:09 AM

Indices may open positively after the US and Asian markets gain. GIFT Nifty was also trading positively a while ago in the morning with around 70 points up at 25,034.

After a sharp slump, the Indian markets rebound on September 9 driven by consumer and banking sectors. The sensex gains 0.46% closed at 81,559.54 while NSE Nifty 50 Index rose 0.34% to 24,936.40.

Global Markets:

Asian markets were trading higher on Tuesday morning after both S&P 500 and Nasdaq Composite rose from their worst fall last week on the Wall Street.

Wall Street’s major indices climbed over 1% on Monday as investors hunted buying opportunities following the previous week’s sell-off. Wall Street is also gearing up for upcoming inflation data and the Federal Reserve’s policy decision next week.

The Dow Jones Industrial Average surged 484.18 points, or 1.20%, to close at 40,829.59. The S&P 500 rose by 62.63 points, or 1.16%, to end at 5,471.05, while the Nasdaq Composite added 193.77 points, or 1.16%, finishing at 16,884.60.

FII & DII Flow:

FIIs turned net buyers on September 9 after buying equities worth ₹1176 crore while DIIs bought equities of ₹1757 crore.