Top Things You Must Know Before the Market Opens!
The GIFT Nifty indicates a positive start for Indian markets. At approximately 7:00 AM IST, Nifty futures were trading at 23,549, suggesting an optimistic opening.
Market Update 8:15 AM: U.S. equities ended Monday’s session in the red, although they trimmed earlier sharper losses after President Donald Trump announced a temporary postponement of tariffs on Mexico. The Dow Jones Industrial Average slipped by 124.47 points, or 0.27 per cent, closing at 44,420.19. The S&P 500 declined 45.45 points, or 0.75 per cent, to end at 5,995.01, while the Nasdaq Composite tumbled 235.21 points, or 1.20 per cent, finishing at 19,392.23.
Asian markets edged higher on Tuesday following the U.S. administration’s decision to defer tariffs on Mexico and Canada for a month, with the announcement of further negotiations with China providing additional support to investor sentiment.
The GIFT Nifty indicates a positive start for Indian markets. At approximately 7:00 AM IST, Nifty futures were trading at 23,549, suggesting an optimistic opening.
U.S. Treasury yields surged, with the 2-year yield rising by 24 basis points and the 10-year yield climbing 13 basis points in early Tuesday trade.
The U.S. dollar softened, with the dollar index easing to 108.67 against a basket of major currencies, giving up some of its previous session’s gains after President Trump’s tariff pause on Mexico.
WTI crude oil futures slid to approximately USD 72.2 per barrel on Tuesday, erasing Monday’s gains. The drop came after Trump agreed to delay his proposed tariffs on Mexico and Canada for 30 days following discussions with Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum on enhancing border security measures.
Foreign Institutional Investors (FIIs) extended their selling streak for the 23rd consecutive session on February 3, offloading equities worth Rs 3,958 crore. Meanwhile, Domestic Institutional Investors (DIIs) continued to be net buyers, purchasing equities worth Rs 2,708 crore on the same day.
No securities are currently under the F&O ban for today.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s ‘Flash News Investment' weekly Newsletter recommends profit-making ideas for you based on fundamental and technical analysis. If this interests you, do download the service details here.