February 27: Top Things to Know Before the Market Opens!
The GIFT Nifty was trading in the red, indicating a subdued to slightly negative opening for Indian markets. As of 07:00 AM IST, Nifty futures were at 22,595, lacking a clear trend.
Market Update 8:15 AM: U.S. equities had a mixed session on Wednesday as investors remained on edge ahead of Nvidia’s earnings report, which could influence sentiment around AI-related stocks. The Dow fell 188.04 points or 0.43 per cent to settle at 43,433.12. Meanwhile, the S&P 500 added 0.81 points or 0.01 per cent to close at 5,956.06, and the Nasdaq Composite advanced 48.88 points or 0.26 per cent to wrap up at 19,075.26.
Asian markets struggled for direction at the open, as Nvidia’s earnings failed to generate post-market enthusiasm, and fresh tariff decisions from U.S. President Donald Trump added uncertainty to global trade dynamics.
The GIFT Nifty was trading in the red, indicating a subdued to slightly negative opening for Indian markets. As of 07:00 AM IST, Nifty futures were at 22,595, lacking a clear trend.
After a volatile session, benchmark indices erased early gains and closed nearly unchanged on February 25 as selling pressure intensified in the latter half of trading. The Nifty 50 slipped marginally by six points to end at 22,547.55, marking its sixth consecutive session in the red. Meanwhile, the Sensex edged up 147.71 points or 0.20 per cent to settle at 74,602.12. The broader BSE Mid and Smallcap indices declined by 0.5 per cent each.
The 10-year U.S. Treasury yield surged by 36 basis points to 4.27 per cent, while the 2-year yield climbed 30 basis points to 4.08 per cent, signaling a cautious approach from investors.
The U.S. dollar index inched up to 106.6, gaining slightly against a basket of major global currencies.
WTI crude oil futures hovered below 69 USD per barrel, staying near their lowest level since December. Weak demand projections and the possibility of a Russia-Ukraine peace agreement, which could lead to reduced sanctions on Russian exports, contributed to bearish sentiment.
Foreign Institutional Investors (FIIs) extended their selling spree for the fifth consecutive day on February 25, offloading equities worth Rs 3,529 crore. Meanwhile, Domestic Institutional Investors (DIIs) continued to absorb the selling pressure, purchasing stocks worth Rs 3,030 crore.
Manappuram Finance remains under the F&O trading ban today.
Disclaimer: The article is for informational purposes only and not investment advice.