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Indian markets may start the day in green today

2 May 2024 , 08:11 AM

The outlook for the opening of Indian stock markets looks positive today, as per the GIFT Nifty’s early indications. This morning, the GIFT Nifty hinted at a robust opening for the broader index in India, showcasing a gain of 0.56% or 127.50 points. Nifty futures hovered around the 22,746.50 mark, setting the tone for the trading day.

In a volatile session on April 30, the market experienced intraday gains being wiped out, ultimately closing lower. This downward movement was attributed to selling pressure observed in sectors like IT, metal, media, and oil & gas.

Closing figures for April 30 showed the Sensex down by 188.50 points or 0.25%, settling at 74,482.78, while the Nifty recorded a decline of 38.60 points or 0.17%, closing at 22,604.80.

International Markets:

Asian markets commenced trading on Thursday with uncertainty, influenced by the Federal Reserve’s indication of potential delays in interest rate cuts.

On Tuesday, US stocks concluded lower as investors assessed economic data reflecting increasing labour costs and a decline in consumer confidence, coinciding with a crucial Federal Reserve policy decision regarding interest rates. The S&P 500 retreated by 79.92 points or 1.56%, closing at 5,036.25 points, while the Nasdaq Composite dropped by 325.26 points or 2.00%, ending at 15,664.13. The Dow Jones Industrial Average also saw a decline of 574.08 points or 1.47%, settling at 37,823.57.

FII & DII Data:

Regarding institutional investment activity, provisional data from the NSE highlighted that foreign institutional investors (FIIs) net purchased ₹1,071.93 Crore worth of shares, while domestic institutional investors (DIIs) injected ₹1,429.11 Crore on April 30.

Related Tags

  • BSE
  • news
  • nifty
  • NSE
  • opening bell
  • Pre-Market
  • sensex
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