Global Markets to Watch: Key Economic Indicators Influencing Today's Trade

Indian Equity Benchmarks

On March 25, the BSE Sensex and Nifty 50 are expected to open with a positive bias, tracking gains in the GIFT Nifty, which is currently trading at 23,157.

Market Performance

On March 24, the Indian equity indices rebounded sharply, ending the session with solid gains. The BSE Sensex rose by 1,372.06 points (1.89%) to close at 74,068.45, while the Nifty 50 gained 399.75 points (1.78%) to close at 22,912.40.

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Global Markets

Asian equities rose on Wednesday, driven by reports of a potential ceasefire in the US-Iran conflict. The US is seeking a month-long truce and has sent a 15-point plan to Iran for discussion. In contrast, US equities fell in Tuesday's volatile session, with the Dow Jones Industrial Average declining by 84.41 points (0.18%) to 46,124.06, the S&P 500 losing 24.63 points (0.37%) to 6,556.37, and the Nasdaq Composite falling by 184.86 points (0.84%) to 21,761.89.

Currency and Bond Market

The US Dollar Index edged lower by 0.1% to 99.11. Yields on 10-year and 2-year US Treasuries dropped 1.5 basis points to 4.34% and 3.87%, respectively. Asian currencies, except the Philippines Peso and China Renminbi, were trading lower.

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Commodities

Oil prices declined as optimism around Washington's diplomatic efforts to resolve the Middle East conflict strengthened. Gold prices extended gains, snapping a nine-day losing streak, as the US seeks a diplomatic route to ending the war in the Middle East.

Fund Flow

Foreign Institutional Investors (FIIs) extended their selling streak for the 18th consecutive session, offloading equities worth over ₹8,000 crore. In contrast, Domestic Institutional Investors (DIIs) remained supportive, purchasing equities worth ₹5,867 crore.