Global Market Brief: Key Indicators to Watch for Today's Trading Session

Indian Equity Market Update - February 25

Key Points:

• Indian benchmark indices, Sensex and Nifty, are expected to open with a positive bias on February 25, following gains in GIFT Nifty, which is trading at around 25,671.
• The GIFT Nifty's positive trend indicates a potential positive start for domestic benchmarks in the upcoming session.

Market Performance - February 24

Read also: SpaceX Seeks Record $75 Billion IPO, Potentially Positioning Elon Musk as the World's First Trillionaire

• Indian benchmark indices snapped a two-day gaining streak, ending sharply lower with the Nifty closing below 25,450 led by weakness in information technology shares amid concerns over AI-led disruption.
• At close, the Sensex was down 1,068.74 points or 1.28% at 82,225.92, and the Nifty was down 288.35 points or 1.12% at 25,424.65.

Global Market Update

• Asian stocks opened higher after a rally in technology shares lifted Wall Street benchmarks, tempering concerns about the disruptive effects of artificial intelligence.
• US Equities:

• The Dow Jones Industrial Average rose 370.44 points, or 0.76%, to 49,174.50.
• The S&P 500 gained 52.32 points, or 0.77%, to 6,890.07.
• The Nasdaq Composite gained 236.41 points, or 1.05%, to 22,863.68.

Currency and Commodity Update

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

• The dollar index was little changed against other major currencies in early trade on Wednesday.
• US Bond Yield: The yield on the benchmark 10-year rose almost one basis point to 4.03%, while the yield on the benchmark 2-year was down marginally at 3.45%.
• Asian Currencies: Asian currencies traded on a mixed note in early Wednesday deals, with some currencies weakening against the US dollar and others edging higher.
• Crude: Oil prices were trading higher on Wednesday amid ongoing tensions between the US and Iran ahead of nuclear talks this week.
• Gold: Gold steadied as traders weighed uncertainty around US import tariffs and reduced prospects of a near-term cut to interest rates.

Fund Flow Action

• On February 24, Foreign Institutional Investors (FIIs) remained net sellers, offloading equities worth ₹102 crore, while Domestic Institutional Investors (DIIs) extended support to the market by purchasing equities worth ₹3,161 crore.