1 week ago

Indian Markets Eye Positive Start as Treasury Yields Retreat

Indian Markets Eye Positive Start as Treasury Yields Retreat
Sensex, Nifty Today: GIFT Nifty signals positive start as US Treasury yields retreat from 19-year highs; Asia cheerful · financialexpress.com

Indian stock markets may open higher because a market indicator called GIFT Nifty increased.

Several Asian markets also rose after US government bond yields fell.

US stocks ended Wednesday slightly higher.

The US Treasury plans to buy back more long-term bonds to help calm the bond market.

Oil prices remain high, with Brent crude above $90 per barrel.

Gold and silver prices also increased.

Foreign and domestic institutional investors both bought Indian shares on August 19.

However, the market still faces mixed signals because oil is expensive and US futures were flat.

Key facts

GIFT Nifty
Up 115 points, or 0.48%, signaling a positive Indian-market opening.
Previous Nifty 50 close
24,078, down 0.32% on Wednesday.
Previous BSE Sensex close
76,909, down 0.42% on Wednesday.
Asian market leaders
The Kospi rose 4.48%; Japan’s Nikkei 225 gained 1.07%.
US Treasury yields
The 30-year yield fell to 5.184%, and the 10-year yield declined to 4.637%.
Crude oil
Brent crude traded at $91.93 per barrel, while WTI traded at $85.81.
Institutional flows
FIIs bought Rs 407.99 crore and DIIs bought Rs 3,973.72 crore on August 19.

Sources

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