2 weeks ago

GIFT Nifty Signals Muted Start as Crude Stays Above $85

GIFT Nifty Signals Muted Start as Crude Stays Above $85
Sensex, Nifty Today: GIFT Nifty signals a muted start despite positive trend across Asia; Crude continues above $85 · financialexpress.com

Stock markets are places where people buy and sell small pieces of companies.

Every morning, investors look at 'futures' - early guesses about what the market will do - to predict the day.

This morning, GIFT Nifty, a signal for Indian markets, was slightly down.

That means Indian stock markets might start the day flat or a little weak.

In Asia, other markets opened higher, and South Korea's market jumped a lot.

In the US, the S&P 500 set a brand-new record high, going above 7,800 for the first time ever.

Crude oil, which is used to make petrol, is still pricey and staying above $85.

Gold and silver prices also went up a little.

Foreign investors sold some Indian shares, but Indian domestic investors bought even more of them.

So today has a mix of good and not-so-good signals.

Key facts

GIFT Nifty
Down 24 points (0.10%)
Nifty 50 close (Aug 13)
24,435.95, down 0.15%
BSE Sensex close (Aug 13)
77,966, down 0.24%
S&P 500 record close
7,798.99, up 0.65%
Brent crude
$87.10 per barrel
WTI crude
$81.22 per barrel
Gold (COMEX)
$4,487.60 per ounce, up 0.45%
FII/DII flows (Aug 13)
FIIs net sellers of Rs 510.69 crore; DIIs net buyers of Rs 4,353.09 crore

Sources

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