Sensex and Nifty Set to Open Lower as Global Markets Signal Caution
Market Overview
As of October 4, both the Sensex and Nifty are poised for a challenging start, tracking the GIFT Nifty which is trading around 25,417. Indian equity indices experienced a decline on October 3, with Nifty dropping below 25,250 amidst geopolitical strains.
Global Market Cues
GIFT Nifty (Down)
- Trading lower, indicating an adverse start for the day.
Asian Markets (Mixed)
- Asian equities show mixed results following losses on Wall Street, with the geopolitical landscape causing unease.
US Market Update
US stocks closed lower as investors placed emphasis on upcoming payroll data amid the escalating conflict in the Middle East. The Dow Jones fell 0.44%, reflecting cautious sentiment.
Bond Yields and Currency Trends
- US 10-Year Treasury Yield declined to 3.83%.
- Dollar Index remains stable after hitting a six-week high.
Commodity News
- Gold prices remain steady, while crude oil sees marginal gains amid ongoing Middle East tensions.
Investor Actions
FIIs sold equities worth Rs 15,243 crore on October 3, whereas DIIs bought equities worth Rs 12,914 crore.
Stay tuned for updates as the trading day unfolds.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.