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Indian benchmark indices Sensex and Nifty 50 are likely to see a muted opening on May 8, tracking cues from GIFT Nifty trading around 24,419 a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
India's stock markets remained largely unaffected following the military strikes on terrorist camps across the border in Pakistan.
At close, the benchmark Sensex rose by 0.13 percent, gaining 106 points to settle at 80,747, while the Nifty edged up by 0.14 percent or 34.80 points, closing at 24,414.40.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Flat)
The GIFT Nifty is trading flat at around 24,419, indicating a muted start for the day.
Asian Equities (Gain)
Asian stocks traded in a tight range at the open after the Federal Reserve reiterated it isn’t in a rush to lower interest rates, and investors awaited the trade negotiations between China and the US before taking risky bets.
US Equities (Gain)
US stocks advanced on Wednesday in choppy trading, buoyed as semiconductor stocks rallied late on a report that regulations on artificial intelligence chips would be loosened.
The Dow Jones Industrial Average rose 284.97 points, or 0.70%, to 41,113.97, the S&P 500 gained 24.37 points, or 0.43%, to 5,631.28 and the Nasdaq Composite gained 48.50 points, or 0.27%, to 17,738.16.
US Bond Yield (Up)
The yields on US 10-year Treasury and 2-year bond up marginally in the early trade on Thursday.
Dollar Index (Flat)
The dollar index was little changed in the early Thursday trade.
Asian currencies (Down)
Among Asian currencies, except Japanese Yen all other currencies were trading in the red Indonesia Rupiah falling the most, followed by Malaysian Ringgit, South Korean Won and Philippines Peso.
Crude (Up)
Oil prices steadied on Thursday after falling more than USD 1 in the previous session as uncertainty over the outcome of trade talks between the U.S. and China, the world's two largest oil consumers, weighed on investor sentiment.
Gold (Up)
Gold prices was trading higher on Thursday after slumping almost 2 percent in the prior session.
Fund Flow Action
The Foreign institutional investors (FIIs) remained net buyers on 15th consecutive session on May 7 as they bought equities of Rs 2,585 crore. On the other hand, Domestic institutional investors (DIIs) purchased equities of Rs 2,378 crore on same day.
Hope you're all set for today's trade. We wish you a profitable day ahead.
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