The Foreign institutional investors (FIIs) sold equities worth Rs 1096 crore on March 19, while Domestic institutional investors (DIIs) purchased equities of Rs 2140 crore, on the same day.
Indian benchmark indices Sensex and Nifty 50 are likely to open on a positive note on March 20 tracking cues from GIFT Nifty trading around 23,062, a short while ago this morning.
Indian benchmark indices rallied on third consecutive session on March 19 with Nifty closing above 22,900 amid buying in most of sectors barring IT and FMCG. The investors are awaiting Federal Reserve policy decision later tonight.
At close, the Sensex was up 147.79 points or 0.20 percent at 75,449.05, and the Nifty was up 73.30 points or 0.32 percent at 22,907.60.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Gains)
The GIFT Nifty is trading higher at around 23,062, indicating a positive start for the day.
Asian Equities (Rise)
Asian stocks rose following a rally on Wall Street after the Federal Reserve signaled it still sees room to cut interest rates later this year because any increase in inflation due to tariffs will be brief.
US Equities (Up)
US stocks rallied on Wednesday after the Federal Reserve kept rates unchanged as widely expected, and the central bank and investors continue to gauge how President Donald Trump’s tariff policies affect the economy and inflation.
The central bank kept its benchmark overnight interest rate unchanged in the 4.25%-4.50% range, and indicated that two quarter-point interest-rate cuts were likely later this year, the same median forecast as three months ago. The Fed also forecast slower economic growth and higher inflation.
The Dow Jones Industrial Average rose 383.32 points, or 0.92%, to 41,964.63, the S&P 500 gained 60.63 points, or 1.08%, to 5,675.29 and the Nasdaq Composite gained 246.67 points, or 1.41%, to 17,750.79.
US Bond Yield (Down)
The yield on 10-year Treasuries were down 94 bps at 4.24 percent and 2-year Treasuries were down 167 bps at 3.97 percent.
Dollar Index (Flat)
The US dollar remained unchanged against the major currencies in the early trade on Wednesday.
Asian currencies (Mixed)
Asian currencies were trading mostly higher in the early trade on Thursday.
Crude (Gains)
Oil prices inched higher after gaining on Wednesday following a US government report that allayed concerns about near-term demand destruction.
Gold (Up)
Gold hit another record high after the Federal Reserve projected slower US growth and higher inflation this year, while keeping interest rates unchanged.
Fund Flow Action
The Foreign institutional investors (FIIs) sold equities worth Rs 1096 crore on March 19, while Domestic institutional investors (DIIs) purchased equities of Rs 2140 crore, on the same day.
Hope you’re all set for today’s trade, we wish you a profitable day ahead.
Source: www.moneycontrol.com
