Market overview: The Indian benchmark index Sensex and Nifty are open on a flat note on 18 February. The gift Nifty is trading at 22,981.50 with a decline of 29.50 points, or 0.13 per cent. The Indian markets broke the process of decline by eight days on 17 February and closed with a slight lead in the Walletty trading session. The Nifty under the leadership of Pharma, Metal and Financial shares was around 22,950. At the end of the trading session, the Sensex rose 57.65 points or 0.08 per cent to 75,996.86 and the Nifty rose 30.25 points or 0.13 per cent to close at 22,959.50.
Stay with Moneycontrol to know what is happening in currency and equity markets today. Here we are releasing a list of such important news on all the news platforms that can affect Indian and international markets.
Gift nifty flat
Gift Nifty is trading at a flat level. The Nifty Futures were trading around 23,006.00 in the morning. The gift Nifty is currently trading at 22,981.50 with a decline of 29.50 points, or 0.13 per cent.
Asian market
On Monday, Asian shares are witnessing a rise in Asian shares before the Australian Reserve Bank’s policy decision after the rise in European stocks and the defense shares. Nikkei is trading with a gain of 292.53 points, or 0.75 per cent. The Straight Times shows 0.26 per cent and Hangseng is showing a rise of 1.98 per cent. The Taiwan market is showing a growth of 0.18 per cent. Kospi also shows a growth of 0.50 percent.
Trade Setup for Today: Consolidation will continue in Nifty if it remains below 23000, support on 22700
American market
American markets remained closed due to President’s holiday on Monday
FII and Dii Fund Flow
Foreign institutional investors (FIIs) sold equity worth Rs 3,937 crore on February 17, while domestic institutional investors (DIIs) bought equity worth Rs 4,759 crore on the same day.
Asian currencies under pressure
Except for Indonesian Rupiah, all other Asian currencies were trading with a decline in early trading of Tuesday. On a year-on-year basis, the Japanese currency was the highest growth, followed by South Korean Vaughan, Thai Baht, Singapore dollars.
Dollar increase in index
On Tuesday, the dollar reached close to a two -month low. Traders monitored tariff concerns and US interest rate cuts. The Australian dollar managed to stay close to its highest level in two months. While the market is monitoring the cuts in interest rates. Currently, the dollar index is visible at the level of 106.83.
US bond yield gains
The yield of the 10-air Treasury has increased by 56 base points to 4.5 percent. While the yield on 2-year-old Treasury remained stable at 4.26 percent.