February 05: Top Things You Must Know Before the Market Opens!
The GIFT Nifty indicates a positive opening for Indian equities. At approximately 7:15 AM IST, Nifty futures were trading at 23,846.50, pointing to a strong start.
Market Update 8:15 AM: U.S. equities ended Tuesday’s session on a strong note, with major indices climbing higher as investors reacted positively to a temporary relief on trade tensions. President Donald Trump’s decision to delay the 25 per cent tariffs on Canada and Mexico for a month helped boost sentiment. The Dow Jones Industrial Average advanced 134.13 points, or 0.30 per cent, closing at 44,556.04. The S&P 500 gained 43.31 points, or 0.72 per cent, ending at 6,037.88, while the Nasdaq Composite surged 262.06 points, or 1.35 per cent, finishing at 19,654.02.
Asian markets traded in the green on Wednesday as investors assessed the latest developments in the U.S.-China trade conflict and awaited earnings reports from Wall Street's top technology firms. Chinese markets are set to resume trading.
The GIFT Nifty indicates a positive opening for Indian equities. At approximately 7:15 AM IST, Nifty futures were trading at 23,846.50, pointing to a strong start.
U.S. Treasury yields extended gains, with the 10-year yield climbing 18 basis points to 4.51 per cent, while the 2-year yield increased 15 basis points to 4.22 per cent in early Wednesday trade.
The U.S. dollar index remained relatively stable at 107.91, as investors perceived Trump’s tariff threats as more of a negotiating tool than a definitive action, following his decision to put trade measures against Mexico and Canada on hold.
Crude oil prices continued their downward trajectory, with WTI crude futures hovering below USD 73 per barrel. Traders balanced concerns over the U.S.-China trade dispute against President Trump’s move to reinstate economic pressure on Iran, aiming to curb its oil exports and influence in the region.
After 23 consecutive sessions of selling, Foreign Institutional Investors (FIIs) turned net buyers on February 4, purchasing equities worth Rs 809 crore. In contrast, Domestic Institutional Investors (DIIs), who had been buying for the last 35 sessions, became net sellers, offloading equities worth Rs 430 crore.
No securities are under the F&O ban today.
Disclaimer: The article is for informational purposes only and not investment advice.