Global Markets Preview: Key Economic Indicators to Watch in Today's Trading Session

Indian Equity Markets Poised for Positive Start

The Indian equity benchmarks, the BSE Sensex and Nifty 50, are likely to open on a positive note on April 16, tracking positive cues from GIFT Nifty, which is trading higher around 24,355.

The Indian benchmark indices staged a strong rebound on April 15, with the Nifty comfortably closing above the 24,200 mark. The rally was driven by easing geopolitical concerns following optimism around renewed US-Iran peace talks, which led to a sharp decline in crude oil prices.

At close, the Sensex was up 1,263.67 points or 1.64 percent at 78,111.24, and the Nifty was up 388.65 points or 1.63 percent at 24,231.30.

Market Updates

| Market | April 15 Close | Change | | --- | --- | --- | | Sensex | 78,111.24 | 1,263.67 (1.64%) | | Nifty | 24,231.30 | 388.65 (1.63%) |

GIFT Nifty was trading higher at around 24,355, indicating a firm opening for the Indian equity markets.

Global Market Trends

Asian equities pushed higher in early trading on Thursday, following optimism about a deal to end the Iran war with the US. The rally was led by stocks in the technology sector, which has been a key driver of gains in recent sessions. The Dow Jones Industrial Average fell 72.27 points, or 0.15%, to 48,463.72, while the S&P 500 gained 55.57 points, or 0.80%, to 7,022.95.

Currency and Commodities

As Middle East tensions cooled, the dollar weakened on Thursday, with the Dollar Index set for its longest losing streak since December 2006. The yield on the benchmark 10-year US bond fell one basis point to 4.27% as lower oil prices reduced the risk of stoking inflation. Oil prices fell in early trade, following reports that Iran could allow ships to pass through around the Strait of Hormuz. Gold edged higher as a renewed push for a diplomatic resolution to the Iran war eased inflation concerns.

Fund Flow Action

Foreign Institutional Investors (FIIs) emerged as net buyers on April 15, purchasing equities worth Rs 666 crore, while Domestic Institutional Investors (DIIs) turned net sellers, offloading equities worth Rs 568 crore.