Markets may open positive today

12 Sep 2024 , 09:17 AM

Indian benchmark indices are likely to open higher on September 12. The GIFT Nifty was trading higher at 25,095.50 at 07:00 am indicating positive start of the market.

On September 11, Indian markets fell ahead of the release of US inflation data which may further affect the Federal Reserve’s rate cut decision. At the same time, investors also accessing the actions of US Presidential election debate and its results. The indices yesterday closed lower with Sensex 0.49% down, falling 349 points and closed at 81,523.16. While Nifty falls 122.65 points to close at 24,918.45.

Global markets:

Asian markets trading higher on Thursday morning after the Wall Street ends on higher note.

All three major US stock indexes ended higher on Wednesday, as gains in the technology sector helped offset investor concerns following an early morning inflation report that dashed hopes for a 50 basis point interest rate cut by the Federal Reserve next week.

The Dow Jones Industrial Average climbed 124.75 points, or 0.31%, to 40,861.71. The S&P 500 added 58.61 points, or 1.07%, to reach 5,554.13, while the Nasdaq Composite surged 369.65 points, or 2.17%, to close at 17,395.53.

FII & DII Data:

FIIs continued their buying spree on September 11 and bought equities worth ₹1755 crore while DII sold equities worth ₹230 crore.