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

Indian Equity Markets Expected to Open on a Positive Note

The Indian equity benchmarks, BSE Sensex and Nifty 50, are expected to open on a positive note on March 17, driven by firm global cues and gains in GIFT Nifty, which traded higher near 23,521.50.

Market Performance The Nifty 50 staged a strong rebound after a three-day losing streak, closing above the 23,400 mark. The Sensex was up 938.93 points or 1.26 percent at 75,502.85, while the Nifty was up 257.70 points or 1.11 percent at 23,408.80.

Global Market Trends Asian equities rose at the open, fueled by optimism that more tankers would be able to pass through the Strait of Hormuz. Wall Street ended sharply higher on Monday, driven by gains in AI-related stocks and a decline in oil prices.

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Key Market Data

• S&P 500: up 1.01% to 6,699.38 points
• Nasdaq: up 1.22% to 22,374.18 points
• Dow Jones Industrial Average: up 0.83% to 46,946.41 points
• Dollar Index: held steady
• US Treasury 10-year yield: up more than 1 basis point to 4.23%
• 2-year US Treasuries: up marginally to 3.67%

Currency and Commodities Asian currencies were trading mixed, with the Thai Baht losing the most. Oil prices rose more than 2% in early trade on Tuesday, while gold was little changed. Crude prices rose more than 2% due to worries about supply disruptions.

Fund Flow Action On March 16, Foreign Institutional Investors (FIIs) sold equities worth over Rs 9,365 crore, while Domestic Institutional Investors (DIIs) bought equities of Rs 12,593 crore.

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