Market News: There are mixed signals for Indian markets. FIIs have seen selling in both cash and futures. There is a slight rise in Gift Nifty. Asian markets look soft. On Friday, US indices closed flat while remaining in a small range. Stay tuned to Moneycontrol to know what’s happening in the currency and equity markets today. Here we are releasing for you a list of today’s important news running on various news platforms which can affect the Indian and international markets.
gift nifty
Gift Nifty is trading flat around 26,099, indicating a flat to positive start to the day.
US market
Wall Street closed Friday virtually unchanged in a post-Christmas session on light volume. All three major US stock indexes closed modestly lower, ending a five-session rally, but posted weekly gains. The Dow Jones Industrial Average fell 20.19 points, or 0.04%, to 48,710.97, the S&P 500 fell 2.11 points, or 0.03%, to 6,929.94 and the Nasdaq Composite dropped 20.21 points, or 0.09%, to 23,593.10.
Asian market
Asian stocks are showing a rise on Monday except Nikkei. The dollar fell to its lowest level in nearly three months on expectations the Federal Reserve will lower interest rates next year, leading to a sharp rise in precious metals. Currently, Gifty Nifty is in a slight rise of 0.06 percent. At the same time, Nikkei is trading with a weakness of 0.48 percent. The Straits Times is up 0.15 percent. Hang Seng is trading with a gain of 0.55 percent. Taiwan market is also up by 0.63 percent. Kospi is showing a rise of 1.54 percent and Shanghai Composite is showing a rise of 0.36 percent.
US bond yield
The yield on the 10-year Treasury was little changed at 4.12%. While the 2-year treasury remains at 3.48 percent.
dollar index
The dollar index, which measures the greenback against several currencies, fell 0.1% to 97.98.
Market cues: Bullish momentum continues in RVNL and IRFC, Nifty F&O may expire between 25,970-26,130
Asian currencies
Asian currencies were mostly trading higher in morning trade on Monday, with the South Korean won in the lead, followed by the Japanese yen, Philippine peso and Singapore dollar.
rise in crude oil
Oil prices were showing a rise in early trading on Monday. At present, an increase of 0.79 percent has been seen in Brent and 0.70 percent increase in WTI crude.
gold move
Silver rose 6%, taking it above $80 an ounce for the first time, but later declined and fell more than 2%. Gold and platinum also reached record highs on Friday. But bullion prices came down on Monday. There is a weakness of 0.55 percent in gold and 2.17 percent in silver.
fund flow action
Foreign institutional investors (FIIs) sold shares worth Rs 317 crore on December 26, while domestic institutional investors (DIIs) bought shares worth Rs 1772 crore on the same day.