Indian shares look set to open on a muted note Monday after seeing much volatility in the previous session.
Foreign institutional investors (FII) bought shares worth Rs 2,335.32 crore on a net basis on December 13, while domestic institutional investors (DII) sold shares to the extent of Rs 732.20 crore, according to the provisional data available on the NSE.
The Fed’s rate decision, trading activity surrounding 12 primary listings, oil price movements and FII activity may influence investor sentiment as the week progresses.
Asian markets struggled for direction this morning as investors reacted to a slew of Chinese data and awaited cues from the Bank of Japan policy meeting.
Over the weekend, China’s regulators have pledged to boost efforts to stabilize the housing and equity markets and conduct more effective fiscal policies.
Elsewhere in South Korea, lawmakers on Saturday impeached President Yoon Suk Yeol over his failed martial law bid.
The dollar hovered near a three-week high ahead of a possible hawkish rate cut by the Federal Reserve this week.
Gold ticked higher while oil futures eased from their highest levels in weeks.
U.S. stocks fluctuated before ending narrowly mixed on Friday as rising Treasury yields offset Broadcom’s bullish AI-fueled sales forecast.
The Dow dipped 0.2 percent to end lower for the seventh consecutive session – marking its longest run of losses since 2020.
The tech-heavy Nasdaq Composite edged up by 0.1 percent while the S&P 500 closed marginally lower.
European stocks ended lower on Friday amid concerns over slowing growth and a potential trade war.
The pan European STOXX 600 dipped half a percent and snapped a three-week winning streak in the face of political and economic uncertainty in France.
The German DAX and the U.K.’s FTSE 100 both slid by 0.1 percent while France’s CAC 40 eased 0.2 percent.
Market Analysis
Sensex, Nifty To Open On Muted Note With China Data In Focus
2024-12-16 02:30:02
