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

Market Update - March 11

The Indian equity benchmarks, the Sensex and Nifty, are expected to experience a flat-to-negative opening today, following losses in the GIFT Nifty, which is trading lower at 24,330.50.

Previous Day's Performance

Yesterday, the Indian benchmark indices witnessed a relief rally amid hopes of geopolitical de-escalation after US President Donald Trump hinted that US military operations in Iran could be coming to an end. This led to a fall in crude oil prices. At close, the Sensex was up 639.82 points or 0.82% at 78,205.98, and the Nifty was up 233.55 points or 0.97% at 24,261.60.

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Global Markets

• Asian Equities: Asian stocks rose as risk sentiment improved following a report that the International Energy Agency has proposed the largest release of crude oil reserves in its history.
• US Equities: US stocks lost steam on Tuesday, with the S&P 500 giving up early gains to skid into negative territory as investors weighed fading hopes for an earlier-than-expected end to the U.S.-Israeli war on Iran.
• Dollar Index: The dollar dropped for a third day, and oil slid as investors digested conflicting signals regarding the Iran war.
• US Bond Yield: The yield on 10-year US Treasuries slipped 1 basis point to 4.14%, and 2-year US Treasuries fell more than 1 basis point to 3.57%.
• Asian Currencies: Asian currencies were trading mostly higher in early trade, with the China Renminbi gaining the most, followed by the Indonesian Rupiah and the Taiwan Dollar.
• Crude: Oil prices were up marginally despite the report that the International Energy Agency has proposed the largest release of oil reserves in its history.
• Gold: Gold and Silver prices were trading higher in the early trade on Wednesday.

FII and DII Activity

On March 10, Foreign Institutional Investors (FIIs) sold equities worth Rs 4,672 crore, while Domestic Institutional Investors (DIIs) purchased equities of Rs 6,333 crore.

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