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Indian Markets Face Conflicting Signals As Crude Stays Above $90

Indian Markets Face Conflicting Signals As Crude Stays Above $90
Sensex, Nifty Today: GIFT Nifty signals negative opening, tracking Asian markets; Crude near $92 · financialexpress.com

Indian stock markets received different signals on two mornings.

On August 24, GIFT Nifty suggested that Indian shares might open higher.

On August 25, it suggested that shares might open lower.

Asian markets were mostly falling in both reports.

US futures were mostly flat, although some contracts moved slightly up or down.

Oil prices fell a little but stayed above $90 per barrel.

The Nifty and Sensex fell on Monday after being mostly steady or slightly higher on Friday.

Foreign investors sold shares on August 21 but bought shares on August 24.

Domestic institutions bought shares on both days.

Key facts

GIFT Nifty, August 24
Up 47 points, or 0.19%, indicating a potentially positive opening.
GIFT Nifty, August 25
Down 45 points, or 0.18%, indicating a potentially negative opening.
Indian market closes
The Nifty 50 closed at 24,252 on Friday and 24,219 on Monday; the Sensex closed at 77,541 and 77,369, respectively.
Brent crude
Traded around $93.06 on August 24 and $91.79 on August 25, remaining above $90 per barrel.
Foreign investor flows
FIIs sold shares worth Rs 542.71 crore on August 21 and bought shares worth Rs 1,181.66 crore on August 24.
Domestic investor flows
DIIs bought shares worth Rs 2,124.14 crore on August 21 and Rs 2,493.41 crore on August 24.
Gold and silver
Indian 24-carat gold was priced at Rs 1,62,520 per 10 grams on August 24 and Rs 1,63,190 on August 25; Indian silver was Rs 2.47 lakh and Rs 2.44 lakh per kilogram, respectively.

Sources

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