February 14: Top Things You Must Know Before the Market Opens!
The GIFT Nifty signaled a positive opening for Indian markets, with Nifty futures trading at 23,197 around 7:10 AM IST.
Market Update 8:15 AM: U.S. stock markets ended mixed on Wednesday as a stronger-than-expected inflation report dampened hopes for an imminent interest rate cut by the Federal Reserve. The S&P 500 declined 16.53 points, or 0.27 per cent, settling at 6,051.97. The Dow Jones Industrial Average lost 221.52 points, or 0.50 per cent, finishing at 44,368.56, while the Nasdaq Composite inched up 5.09 points, or 0.03 per cent, to end at 19,649.95.
Asian markets opened on a weaker note on Friday, shrugging off the gains seen on Wall Street overnight. Investors remained cautious as U.S. President Donald Trump approved a reciprocal tariff policy, though its enforcement was deferred.
The GIFT Nifty signaled a positive opening for Indian markets, with Nifty futures trading at 23,197 around 7:10 AM IST.
Indian markets faced another turbulent session, with the Sensex and Nifty extending their losing streak to a seventh consecutive day—the longest stretch of declines in three months. After opening on a flat-to-positive note, key indices gained momentum as investor sentiment improved, aided by cooling retail inflation and falling crude prices. However, profit-booking in the latter half of the session erased most gains, leading to a marginally negative close.
Yields on U.S. Treasury bonds showed little movement early Thursday, with the 10-year yield steady at 4.53 per cent and the 2-year yield holding near 4.3 per cent.
The U.S. dollar remained firm at 107.08 on Friday as investors weighed the potential implications of Washington's reciprocal tariffs, which have yet to take effect. A softer-than-expected U.S. producer price report also helped ease inflation concerns.
WTI crude oil futures edged higher to around USD 71.4 per barrel on Friday, supported by the delay in implementing President Donald Trump’s reciprocal tariff measures. The postponement allows room for negotiations with trade partners, helping stabilize market sentiment.
Gold prices surged past USD 2,925 per ounce on Thursday, setting a fresh record high. The gains came as Trump’s proposed reciprocal tariffs heightened global trade uncertainties, prompting investors to seek safety in gold.
Foreign Institutional Investors (FIIs) continued their selling streak for the seventh consecutive session, offloading equities worth Rs 2,789.91 crore on February 13. Meanwhile, Domestic Institutional Investors (DIIs) stepped in as net buyers, purchasing stocks worth Rs 2,934 crore on the same day.
Manappuram Finance remains under the F&O ban list today.
Disclaimer: The article is for informational purposes only and not investment advice.