Global Market Updates: Key Indicators to Monitor in Today's Trading Session

Indian Equity Markets: Opening Firm Note on March 10

The Sensex and Nifty are expected to open on a firm note on March 10, following gains in the GIFT Nifty, which traded higher at around 24,412.50 in early indications.

Market Update

The Indian equity markets continued the sell-off from the previous day, amid rising geopolitical disruptions and a significant jump in crude oil prices since 2020. The Sensex settled at 77,566.16, down 1,352.74 points or 1.71%, after hitting a low of 76,424.55. The Nifty also recovered from a day's low of 23,697.80 to end at 24,028.05, down 422.40 points or 1.73%.

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

Global Markets

Asian stocks rebounded after Monday's selloff, with the Dow Jones Industrial Average rising 239.25 points, or 0.50%, to 47,740.80. The S&P 500 gained 55.97 points, or 0.83%, to 6,795.99, and the Nasdaq Composite gained 308.27 points, or 1.38%, to 22,695.95.

Currency and Bond Market

The dollar traded weaker late in the New York session, with the dollar index declining. The Australian and New Zealand dollars outperformed peers in the Group of 10 against the greenback. The yield on 10-year US Treasuries jumped more than 1 basis point to 4.1%, and 2-year US Treasuries gained 2 basis points to 3.55%.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

Commodities

Crude oil prices fell on Tuesday after hitting their highest level in more than three years, as US President Donald Trump predicted the war in the Middle East could end soon. Gold steadied, after the US dollar retreated on comments by President Trump that the war in the Middle East could be nearing an end.

Fund Flow

Foreign Institutional Investors (FIIs) continued their selling on the 7th straight session, selling equities worth of Rs 6,345 crore. Domestic Institutional Investors (DIIs) bought shares worth of Rs 9,000 crore.