Today’s Stock Market News | Sensex, Nifty, and Share Prices LIVE: The major equity indices are expected to open lower on Friday. During Friday’s early trading session, the GIFT Nifty, an early indication of the Indian equities market, rose 92 points or 0.47% to 19,383, signaling a bearish start for local indexes NSE Nifty 50 and BSE Sensex.
On Friday morning, shares in the Asia-Pacific region are trading in the negative. The Asia Dow is down 1.60%, Japan’s Nikkei 225 is down 0.81%, Hong Kong’s Hang Seng index is down 1.58%, and China’s benchmark Shanghai Composite is down 0.55%.
Oil prices rose little on Thursday as markets ignored deflationary data from China and waited for more information on the state of demand from the world’s two largest oil customers. Brent oil futures increased 42 cents, or 0.5%, to $79.96 per barrel. WTI oil futures in the United States rose 36 cents, or 0.5 percent, to $75.69 a barrel.
The increase occurred after both benchmarks plummeted more than 2% to their lowest since mid-July on Wednesday, as concerns about potential supply disruptions in the Middle East subsided and concerns about US and Chinese demand increased.
“The more subdued increases still reflect reservations in place, with macroeconomic factors and technicals providing sellers the upper hand for now,” said IG market analyst Yeap Jun Rong.
The Dollar Index
In futures trading, the Dollar index was 0.10 percent higher at 105.70, while the value of one dollar was close to Rs 83.31.
On Thursday, gold prices remained at a three-week low as the initial safe-haven demand from the Middle East crisis faded, and investors awaited comments from US Federal Reserve Chair Jerome Powell for fresh signals on interest rates. By 03:37 GMT, spot gold was down 0.1% at $1,948.39 per ounce, having dropped to its lowest level since October 19 on Wednesday. Gold futures in the United States declined 0.2 percent to $1,953.50.
A flurry of Fed members who spoke this week struck a cautious tone about the US central bank’s next move, noting that they would look on economic data and the impact of increasing long-term bond rates. Powell’s scheduled comments at a conference on Wednesday did not address monetary policy or the economic outlook. He’ll be speaking at another conference later in the day.
The FIIs and DIIs
On November 9, foreign institutional investors sold shares worth Rs 1,712.33 crore, while domestic institutional investors purchased equities worth Rs 1,512.14 crore, according to preliminary data from the National Stock Exchange.