Global Market Preview: Key Indicators to Watch in Today's Trading Session

Indian Equity Markets Set for Firm Opening on April 10

The Indian equity benchmarks, the BSE Sensex and Nifty 50, are expected to start the day on a positive note on April 10, tracking gains in the GIFT Nifty, which was trading around the 23,918.50 level as of early morning.

The previous session saw a sharp surge in the Indian equity markets, followed by a decline on April 9, which dragged the Nifty 50 below the 23,700 mark and snapped its five-day gaining streak. The selling pressure was primarily seen in financial stocks, leading to a decline in the Sensex and Nifty.

Market Performance on April 9

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The Sensex closed at 76,631.65, down 931.25 points, or 1.20 percent, while the Nifty 50 closed at 23,775.10, down 222.25 points, or 0.93 percent.

Global Markets

Asian stocks ticked up early on Friday, but gains were capped as traders questioned the durability of this week's U.S.-Iran ceasefire and remained wary of fragile hopes for Israel-Lebanon peace talks. In the U.S., stocks advanced on Thursday, as ongoing negotiations toward a peaceful resolution to the six-week Middle East conflict helped ease worries over the fragile U.S.-Iran truce.

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The Dow Jones Industrial Average rose 275.88 points, or 0.58%, to 48,185.80, the S&P 500 gained 41.85 points, or 0.62%, to 6,824.66, and the Nasdaq Composite gained 187.42 points, or 0.83%, to 22,822.42.

Currency and Bond Markets

The U.S. dollar index was up 0.1% at 98.91, after data released Thursday showed weekly jobless claims increased by 16,000 to 219,000 and continuing claims fell by 38,000 to 1.794 million, the lowest level since May 2024. The yield on the U.S. 10-year Treasury up 1 basis point at 4.28%, while 2-year U.S. Treasury were up more than 1 basis point at 3.78.

Commodity Markets

Oil prices rose in early trading on Friday following attacks on Saudi energy infrastructure, and as markets evaluated the risk premium from the ongoing closure of the Strait of Hormuz, despite a fragile truce agreed between the U.S. and Iran. Gold prices remained almost unchanged, whereas silver prices gained nearly 1% in early trade on Friday.

Fund Flow Action

Foreign Institutional Investors (FIIs) maintained their selling streak on April 9, though with reduced intensity, offloading equities worth over ₹1,700 crore, while Domestic Institutional Investors (DIIs) sustained their buying trend, purchasing equities worth ₹955 crore.