GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could fall 17.50 points at the opening bell.

On 7 May 2024, the Lok Sabha elections will enter their third phase with voting in 96 parliamentary constituencies across 12 states such as Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Uttar Pradesh, and West Bengal. The BJP is seeking a third consecutive term, facing opposition from a coalition named the Indian National Developmental Inclusive Alliance (INDIA), which includes the Congress party. This round is part of a seven-phase election process running from April 19 to June 1, with the final election results scheduled to be revealed on June 4.

Global markets:

Asian stocks rose on Tuesday, fueled by continued optimism that U.S. interest rates will eventually decline. Indexes in Japan and South Korea led the gains, catching up to previous advances in other markets. Later in the day, the Reserve Bank of Australia meeting will be a key focus, with analysts expecting the central bank to maintain interest rates but adopt a more hawkish stance.

The positive sentiment stemmed from Wall Street's performance on Monday, particularly the technology sector's rise after a string of strong first-quarter earnings reports. U.S. stocks closed higher overall, buoyed by the expectation of a Federal Reserve interest rate cut later this year. The Dow Jones Industrial Average gained 0.5%, the S&P 500 rose 1%, and the Nasdaq Composite climbed 1.2%.

Domestic markets:

The domestic equity benchmarks ended almost flat on Monday. The S&P BSE Sensex, a barometer index, managed a marginal gain of 0.02%, closing at 73,895.54. However, the Nifty 50 index, representing the 50 largest companies, inched down by 0.15%, settling at 22,442.70.

Volatility continued to grip the market, with the India VIX, a key volatility gauge, surging over 13%. PSU banks bled heavily, dropping over 3.6%, in reaction to the Reserve Bank of India's proposed stricter lending norms for infrastructure and development projects. Profit booking and valuation concerns also weighed on the broader market, leading to significant selling pressure across sectors.

Foreign portfolio investors (FPIs) sold shares worth Rs 2,168.75 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 781.39 crore in the Indian equity market on 6 May 2024, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could fall 8 points at the opening bell.

Market participants will focus on the HSBC Services PMI (final) numbers for April, due on May 6.

The third phase of voting for the Lok Sabha elections 2024 will be held on 7 May 2024. In the third phase, voting will take place in 96 LS constituencies from 12 states, including Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Uttar Pradesh, and West Bengal. The BJP aims for a third consecutive term, while the opposition, including the Congress, has formed the Indian National Developmental Inclusive Alliance (INDIA) bloc to oppose PM Modi's re-election. These elections span over seven phases from April 19 to June 1, and the results will be announced on June 4.

Global markets:

Overseas, Asian stocks are trading higher on Monday as a softer-than-expected U.S. jobs report fueled hopes that the Federal Reserve could start cutting rates soon. Investors, meanwhile, awaited the Reserve Bank of Australia?s rate decision on Tuesday and China?s April trade data on Thursday. Japan and South Korea?s markets are closed for a public holiday.

U.S. stocks closed sharply higher Friday, as Treasury yields fell after a softer-than-anticipated April jobs report.

The Berkshire Annual Meeting 2024 on Saturday proceeded in Omaha with Warren Buffett, Greg Abel, and Ajit Jain fielding shareholder queries. Buffett spoke on a variety of issues, including the India opportunity, stock market outlook, US dollar, AI, Apple stake cuts, global investments and more.

The U.S. economy added fewer jobs than expected in April while the unemployment rate rose. Nonfarm payrolls increased by 175,000 on the month. The unemployment rate ticked higher to 3.9%, compared to 3.8% in the prior month, according to the Bureau of Labor Statistics.

Domestic markets:

Back home, the key benchmarks indices ended with substantial losses on Friday. The barometer index, the S&P BSE Sensex, tumbled 732.96 points or 0.98% to 73,878.15. The Nifty 50 index fell 172.35 points or 0.76% to 22,475.85.

Foreign portfolio investors (FPIs) sold shares worth Rs 2,391.98 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 690.52 crore in the Indian equity market on 3 May, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise around 4.5 points at the opening bell.

Global markets:

Asian markets traded mostly mixed on Friday as investors look ahead to the release of key U.S. employment data later today. Stock markets in Japan and mainland China were shut for public holidays.

The employment data release will be closely watched by the trading community after the U.S. Federal Reserve held interest rates steady at the end of its two-day meeting on Wednesday.

The Japanese yen was still in focus as it continued to show strength against the U.S. dollar amid suspected government intervention to support the currency on Monday.

Stocks in the U.S. closed higher on Thursday as investors looked ahead to more earnings as well as the nonfarm payrolls report set to be released on Friday.

Domestic markets:

The domestic equity barometers ended with minor gains after a volatile session on Thursday. Trading was volatile due to the expiry of weekly index options on the NSE. The barometer index, the S&P BSE Sensex rose 128.33 points or 0.17% to 74,611.11. The Nifty 50 index added 43.35 points or 0.19% to 22,648.20.

Foreign portfolio investors (FPIs) sold shares worth Rs 964.47crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,352.44 crore in the Indian equity market on 2 May 2024, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise around 60.5 points at the opening bell.

Global markets:

Asia-Pacific stock markets were mostly higher on Thursday, after the U.S. Federal Reserve opted to hold interest rates steady at the end of its two-day meeting.

Fed Chair Jerome Powell ruled out the possibility of a rate hike, easing worries over the central bank likely not being able to rein in inflation.

South Korea?s consumer prices rose at a slower pace in April from March on a year-on-year basis, according to official data. April CPI came in at 2.9% year on year, compared with a 3.1% rise in March. Core CPI, excluding food and energy prices, rose 2.3%. It was slightly slower than a 2.4% increase in March.

US stocks closed with a mixed performance on Wednesday following the Federal Reserve's decision to keep its key interest rate unchanged, as widely anticipated. The central bank indicated a potential rate cut in the future but expressed uncertainty regarding sustained progress on inflation.

Domestic markets:

Domestic equity benchmarks surrendered early gains and closed moderately lower on Tuesday. The S&P BSE Sensex fell 188.50 points or 0.25% to 74,482.78, while the Nifty 50 slipped 38.55 points or 0.17% to 22,604.85.

Foreign portfolio investors (FPIs) bought shares worth Rs 1,071.93 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,429.11 crore in the Indian equity market on 30 April, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 27 points at the opening bell.

Stock exchanges will remain closed on Wednesday, 1 May 2024 on account of Maharashtra Day.

Global markets:

Overseas, Asian stocks are trading higher on Tuesday, tracking Wall Street moves, with investors awaiting China manufacturing purchasing managers? index for April.

China?s factory activity climbed faster than expected in April, with the official purchasing managers? index coming at 50.4. Factory activity expansion was lower than the 50.8 seen in March.

US stocks closed higher Monday, lifted by Tesla, while traders geared up for a week dominated by corporate earnings and a Federal Reserve meeting.

Domestic markets:

Back home, stocks rallied on Monday as positive earnings from US tech giants and a dip in US bond yields supported the sentiment. The barometer index, the S&P BSE Sensex surged 941.12 points or 1.28% to 74,671.28. The Nifty 50 index jumped 223.45 points or 1% to 22,643.40.

Foreign portfolio investors (FPIs) bought shares worth Rs 169.09 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 692.05 crore in the Indian equity market on 29 April, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 35 points at the opening bell.

Global markets:

Overseas, Asian stocks are trading higher on Monday as stocks on Wall Street gained after the Federal Reserve's preferred inflation gauge rose in line with expectation.

Traders look toward the Federal Reserve?s meeting this week, following another hotter-than-expected U.S. inflation reading Friday. March?s core personal consumption expenditures, excluding food and energy, rose 2.8% from a year ago.

US stocks closed higher on Friday, buoyed by a rally in megacap growth stocks following robust quarterly results from technology heavyweights Alphabet and Microsoft in addition to moderate inflation data.

Domestic markets:

Back home, domestic stock market took a breather on Friday, ending a five-day winning run. Investors cashed in profits after US economic data showed a slowdown in growth coupled with stubborn inflation. The barometer index, the S&P BSE Sensex dropped 609.28 points or 0.82% to 73,730.16. The Nifty 50 index declined 150.40 points or 0.67% to 22,419.95.

Foreign portfolio investors (FPIs) sold shares worth Rs 3,408.88 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 4,356.83 crore in the Indian equity market on 26 April, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 12 points at the opening bell.

The second phase of voting, scheduled for April 26, encompasses 89 constituencies across 13 states and Union territories. The BJP seeks a third consecutive term, while the opposition, including the Congress, has united under the banner of the Indian National Developmental Inclusive Alliance (INDIA) bloc to thwart PM Modi's re-election. The extensive Lok Sabha elections 2024 span seven phases from April 19 to June 1, with the results set to be announced on June 4.

Global markets:

Overseas, Asian stocks are trading lower on Friday as investors in Asia look to the Bank of Japan?s policy decision. The BOJ will leave its monetary policy unchanged, as per reports.

US stocks dropped on Thursday after data showed a sharp slowdown in economic growth and pointed to persistent inflation.

The US economy grew last quarter at the slowest pace in two years as consumer and government spending cooled amid a sharp pickup in inflation. The US gross domestic product (GDP) increased at a 1.6% annualized rate in January-March 2024. The economy grew at a 3.4% rate in the fourth quarter.

Inflation surged, with the personal consumption expenditures (PCE) price index, excluding food and energy, increasing at a 3.7% rate after rising at 2% in the fourth quarter.

Domestic markets:

Back home, domestic stocks extended their winning streak for a fifth day, shrugging off mixed global cues. The barometer index, the S&P BSE Sensex jumped 486.50 points or 0.66% to 74,339.44. The Nifty 50 index gained 167.95 points or 0.75% to 22,570.35. The 50-unit index has risen 2.61% in five straight sessions.

Foreign portfolio investors (FPIs) sold shares worth Rs 2,823.33 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 6,167.56 crore in the Indian equity market on 25 April, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could fall 15 points at the opening bell.

Volatility may zoom as traders roll over positions in the F&O segment from the near month April series to May series. The April 2024 F&O contracts will expire today, 25 April 2024.

On the political front, the second phase of voting will be held on April 26 in 89 constituencies spread across 13 states and Union territories. The BJP is looking to consolidate its grip on power as it aims for a historic third term while a band of opposition parties, including the Congress, has formed a united front called Indian National Developmental Inclusive Alliance (INDIA) bloc to deny PM Modi another victory. The elections will occur in 7 phases, from 19 April to 1 June. The Lok Sabha elections 2024 results will declared on 4 June.

Global markets:

Overseas, Asian stocks are trading mixed after two straight days of rallies, mirroring moves on Wall Street. Markets in Australia and New Zealand are closed for a public holiday.

The Bank of Japan kicks off its monetary policy meeting Thursday. Due to be published on Friday, investors will monitor the outcomes from the Bank of Japan, especially for any action to restrict the yen weakness.

Wall Street ended on a mixed note on Wednesday as traders assessed bleak outlook from Meta Inc., one of the magnificent seven, and as treasury yields rose following sales of 5-year U.S. Treasury notes. The US first-quarter gross domestic product figures are due on April 25.

Domestic markets:

Back home, the domestic equity market continued its rise for the fourth consecutive day, with the Nifty 50 breaching the 22,400 mark. The barometer index, the S&P BSE Sensex, was up 114.49 points or 0.16% to 73,852.94. The Nifty 50 index added 34.40 points or 0.15% to 22,402.40.

Foreign portfolio investors (FPIs) sold shares worth Rs 2,511.74 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 3,809.90 crore in the Indian equity market on 24 April, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 28 points at the opening bell.

Volatility may zoom as traders roll over positions in the F&O segment from the near month April series to May series. The April 2024 F&O contracts will expire tomorrow, 25 April 2024.

Global markets:

Overseas, Asian stocks edged higher on Wednesday following Wall Street?s continued rally for a second straight day.

U.S stock indexes climbed for a second straight session on Tuesday as a strong batch of corporate earnings assuaged concerns over higher rates.

Domestic markets:

Back home, domestic investors flexed their muscle on Tuesday, steering key indices higher for a third consecutive session. The barometer index, the S&P BSE Sensex rose 89.83 points or 0.12% to 73,738.45. The Nifty 50 index added 31.60 points or 0.14% to 22,368.00.

Foreign portfolio investors (FPIs) sold shares worth Rs 3,044.54 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 2,918.94 crore in the Indian equity market on 23 April, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could fall 51 points at the opening bell.

Volatility may zoom as traders roll over positions in the F&O segment from the near month April series to May series. The April 2024 F&O contracts will expire on Thursday, 25 April 2024.

Global markets:

Overseas, Asian stocks are trading higher on Tuesday as tech shares rebounded on Wall Street and investors look toward flash business activity figures from Australia, Japan and India. Investors remained on edge ahead of earnings from some of the world?s biggest companies this week, while more cues on U.S. interest rates were also in focus.

Wall Street stocks ended higher on Monday following a market sell-off in previous sessions as investors eyed a busy week for quarterly results from key companies that would provide a glimpse of the US economy's health. Markets were now awaiting earnings reports from some of the biggest companies on Wall Street.

Domestic markets:

Back home, domestic stocks advanced on Monday, clawing their way back after last week's selloff. The barometer index, the S&P BSE Sensex jumped 560.29 points or 0.77% to 73,648.62. The Nifty 50 index gained 189.40 points or 0.86% to 22,336.40.

Foreign portfolio investors (FPIs) sold shares worth Rs 2,915.23 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 3,542.93 crore in the Indian equity market on 22 April, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 81 points at the opening bell.

Global markets:

Overseas, Asian stocks are trading higher on Monday as the focus shifted from Middle East tensions to company earnings and economic data for insight into the direction of central bank policy. Investors look to fresh data points out of China, Japan and South Korea this week.

China?s central bank left its one- and five-year loan prime rates unchanged at 3.45% and 3.95%, respectively on Monday. The one-year LPR is seen as the peg for most household and corporate loans, while the five-year LPR is the benchmark for most property mortgages.

In US, the Nasdaq and the S&P 500 closed sharply lower on Friday as investors juggled lackluster earnings, uncertainties surrounding central bank policy and geopolitical strife.

Domestic markets:

Back home, domestic stock market staged a comeback on Friday, ending a four-day losing streak. The barometer index, the S&P BSE Sensex jumped 599.34 points or 0.83% to 73,088.33. The Nifty 50 index gained 151.15 points or 0.69% to 22,147. In the previous four trading sessions, the Sensex shed 3.40% while the Nifty 50 declined 3.33%.

Foreign portfolio investors (FPIs) bought shares worth Rs 129.39 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 52.50 crore in the Indian equity market on 19 April, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could slide 95 points at the opening bell.

On the political front, India is gearing up for its election in 2024. The BJP is looking to consolidate its grip on power as it aims for a historic third term while a band of opposition parties, including the Congress, has formed a united front called INDIA to deny PM Modi another victory. The elections will occur in 7 phases, starting today, 19 April 2024 and ending on 1 June 2024. The Lok Sabha elections 2024 results will be declared on 4 June 2024.

Global markets:

Overseas, Asian stocks are trading lower on Friday as reports of Israeli strikes on Iran further ramped up concerns over worsening geopolitical conditions in the Middle East. Israel, early Friday morning local time, launched missiles in a retaliatory strike against Iran, as per reports. The missile launches follow Iran's attack last Saturday.

U.S. stocks closed mixed on Thursday in another jittery day of trade, as investors focused on rising bond yields and uncertain oil prices.

Domestic markets:

Back home, domestic equity market experienced significant volatility on Thursday, extending their losing streak to a fourth consecutive day. The barometer index, the S&P BSE Sensex, slipped 454.69 points or 0.62% to 72,488.99. The Nifty 50 index lost 152.05 points or 0.69% to 21,995.85. In four trading sessions, the Sensex shed 3.40% while the Nifty 50 declined 3.33%.

Foreign portfolio investors (FPIs) sold shares worth Rs 4,260.33 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 2,285.52 crore in the Indian equity market on 18 April, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 26 points at the opening bell.

The International Monetary Fund raised India?s FY25 GDP growth forecast by 30 bps to 6.8% from its January forecast of 6.5%, citing bullish domestic demand conditions and a rising working-age population. IMF sees India's FY26 GDP growth at 6.5%. The global financial agency sees India's retail inflation at 4.6% in FY25 and 4.2% in FY26.

On the political front, India is gearing up for its election in 2024. The BJP is looking to consolidate its grip on power as it aims for a historic third term while a band of opposition parties, including the Congress, has formed a united front called INDIA to deny PM Modi another victory. The elections will occur in 7 phases, starting on 19 April and ending on 1 June. The Lok Sabha elections 2024 results will declared on 4 June.

Global markets:

Overseas, Asian stocks are trading mixed following Wall Street?s overnight losses. Investors in Asia will assess Australia?s unemployment rate, which is one of the metrics the country?s central bank weighs when considering monetary policy.

US stocks closed lower on Wednesday as crude prices tumbled and investors weighed cautious US Federal Reserve commentary and ongoing geopolitical strife against mixed quarterly earnings.

The U.S. economy grew ?slightly? over the past six weeks while price increases moved at a ?modest? pace and employment showed ?slight? gains as well, the Federal Reserve said in its latest Beige Book report filed Wednesday.

Domestic markets:

Back home, stock markets got slammed for a third straight session on Tuesday, with the Nifty 50 falling below 22,150. The barometer index, the S&P BSE Sensex slipped 456.10 points or 0.62% to 72,943.68. The Nifty 50 index lost 124.60 points or 0.56% to 22,147.90. In three trading sessions, the Sensex shed 2.79% while the Nifty 50 declined 2.66%. Domestic stock markets were closed on Wednesday, 17 April 2024 on account of Ram Navami.

Foreign portfolio investors (FPIs) sold shares worth Rs 4,468.09 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 2,040.38 crore in the Indian equity market on 16 April, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could slide 69 points at the opening bell.

On the political front, India is gearing up for its election in 2024. The BJP is looking to consolidate its grip on power as it aims for a historic third term while a band of opposition parties, including the Congress, has formed a united front called INDIA to deny PM Modi another victory. The elections will occur in 7 phases, starting on 19 April and ending on 1 June. The Lok Sabha elections 2024 results will declared on 4 June.

Domestic stock markets will remain closed on Wednesday, 17 April 2024 on account of Ram Navami.

Global markets:

Overseas, Asian stocks are trading lower for second session in a row Tuesday, tracking overnight losses on Wall Street. China?s economy grew stronger than expected at the start of this year, partly thanks to robust factory activity. Gross domestic product grew by 5.3% in the first quarter from a year ago, according to the National Bureau of Statistics on Tuesday. It also accelerated from the 5.2% growth in the previous three months. China has set an annual growth target of around 5% for 2024.

US stocks declined on Monday as rising yields and worries over the conflict in the Middle East overshadowed strong Goldman Sachs earnings and hot retail sales data.

Retail sales in the United States grew more than anticipated last month. US retail sales picked up by 0.7% in March to $709.6 billion, after February's increase was revised to 0.9%, said the Commerce Department.

Domestic markets:

Back home, the domestic equity benchmarks ended with deep losses on Monday as tensions flared in the Middle East following Iran's attack on Israel. The barometer index, the S&P BSE Sensex slipped 845.12 points or 1.14% to 73,399.78. The Nifty 50 index lost 246.90 points or 1.10% to 22,272.50.

Foreign portfolio investors (FPIs) sold shares worth Rs 3,268 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 4,762.93 crore in the Indian equity market on 15 April, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 12 points at the opening bell.

On the macro front, retail inflation eased to a five-month low in March on the marginally moderating food inflation, while industrial output growth rebounded to a four-month high in February, led by robust infra sectors and consumer durables output. India's retail inflation eased to 4.85% on an annual basis in March as against 5.09% in the previous month, data showed on Friday. Meanwhile, the industrial production surged to a four-month high of 5.7% in February compared with 4.3% in the previous month.

Global markets:

Overseas, Asian stocks are trading lower on Monday on risk off sentiment as geopolitical tension heightened after Iran's attack on Israel over the weekend. Traders weighed the impact of Iran?s massive drone and missile attacks on Israel. Iran launched more than 300 drones and missiles against military targets in Israel on Saturday. Though significant in scale, the Iranian attack caused little actual damage in Israel, as per reports.

India will release its wholesale inflation figures for March later in the day, while China will announce its first quarter GDP numbers on Tuesday. Japan will release its March trade data and inflation numbers on Wednesday and Friday, respectively.

US stocks tumbled Friday following a mixed start to earnings reporting season. Worries about potentially escalating tensions in the Middle East rattled financial markets, pushing investors to look for safer places for their money.

Domestic markets:

Back home, domestic equity market took a tumble on Friday, mirroring the downbeat mood in other Asian stock markets. The barometer index, the S&P BSE Sensex, dropped 793.25 points or 1.06% to 74,244.90. The Nifty 50 index fell 234.40 points or 1.03% to 22,519.40.

Foreign portfolio investors (FPIs) sold shares worth Rs 8,027 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 6,341.53 crore in the Indian equity market on 12 April, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could fall 43 points at the opening bell.

The Asian Development Bank (ADB) on Thursday raised India?s GDP growth forecast for the current fiscal to 7% from 6.7% earlier, saying the robust growth will be driven by public and private sector investment demand and gradual improvement in consumer demand.

Global markets:

Overseas, Asian stocks are trading mixed Friday with investor assessing economic data from Singapore and South Korea while awaiting China trade numbers. Singapore?s first-quarter gross domestic product climbed 2.7% year on year, advance estimates showed, faster than the 2.2% growth recorded in the last quarter of 2023. The Bank of Korea bank left its key policy rate unchanged for the 10th consecutive time at 3.50%.

US stocks closed higher on Thursday, with tech-related momentum stocks leading the charge, as fresh economic data rekindled hopes that inflation remains in a cooling trend.

The European Central Bank held interest rates steady again Thursday but said slowing inflation could open the door to easing monetary policy.

Domestic markets:

Back home, domestic equity benchmarks ended with modest gains on Wednesday, with the Nifty 50 breaching the 22,750 mark. In the barometer index, the S&P BSE Sensex, gained 354.45 points or 0.47% to 75,038.15. The Nifty 50 index added 111.05 points or 0.49% to 22,753.80.

Foreign portfolio investors (FPIs) bought shares worth Rs 2,778.17 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 163.36 crore in the Indian equity market on 10 April, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could fall 7 points at the opening bell.

Global markets:

Overseas, Asian stocks are trading lower on Wednesday as of Japan?s corporate inflation climbed in March and rate decisions are assessed from New Zealand and Thailand?s central banks.

South Korea?s markets are closed Wednesday, as the country heads to the polls to elect its next parliament. Japan?s corporate goods price index rose 0.8% in March from a year ago, accelerating from the revised 0.7% increase in February.

U.S. stock indexes ended nearly flat on Tuesday, pressured by financial-sector stocks as investors awaited a key inflation reading and braced for major banks to kick off earnings-reporting season later this week. The widely watched report on March's consumer-price index is due on Wednesday.

Domestic markets:

Back home, domestic benchmark indices ended with minor cuts after scaling fresh all-time highs on Tuesday. The S&P BSE Sensex shed 58.80 points or 0.08% to 74,683.70. The Nifty 50 index lost 23.55 points or 0.10% to 22,642.75.

Foreign portfolio investors (FPIs) sold shares worth Rs 593.20 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 2,257.18 crore in the Indian equity market on 9 April, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could fall 5 points at the opening bell.

Global markets:

Overseas, Asian stocks are trading mixed Tuesday as investors awaited consumer confidence data from Japan, with focus also on U.S. inflation numbers to assess the Federal Reserve?s rate cut path.

US stocks remained largely range bound on Monday, with investors awaiting the consumer price index report out on Wednesday.

Domestic markets:

Back home, domestic stocks edged higher on Monday, with the Sensex and Nifty gaining around 0.7% each. In the barometer index, the S&P BSE Sensex, gained 494.28 points or 0.67% to 74,742.50. The Nifty 50 index added 152.60 points or 0.68% to 22,666.30.

Foreign portfolio investors (FPIs) sold shares worth Rs 684.68 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 3,470.54 crore in the Indian equity market on 8 April, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could fall 20 points at the opening bell.

Global markets:

Overseas, Asian stocks are trading mixed ahead of central bank decisions this week, with investors also awaiting inflation numbers from the U.S. and China. The Bank of Korea, the Reserve Bank of New Zealand, the Bank of Thailand and the central bank of the Philippines have their monetary policy meetings scheduled this week. All four banks are likely to hold their rates steady, as per reports.

US stocks regained ground after a stronger than expected jobs report. Nonfarm payrolls increased by 303,000 jobs last month, the Labor Department's Bureau of Labor Statistics said in its closely watched employment report on Friday. Data for February was revised slightly lower to show 270,000 jobs added instead of 275,000 as previously reported.

Domestic markets:

Back home, domestic equity indices closed nearly flat on Friday. The Nifty 50 index managed to hold above the 22,500 level. The S&P BSE Sensex added 20.59 points or 0.03% to 74,248.22. The Nifty 50 index shed 0.95 points to 22,513.70.

Foreign portfolio investors (FPIs) bought shares worth Rs 1,659.27 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 3,370.42 crore in the Indian equity market on 5 April, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could fall 47 points at the opening bell.

The RBI Monetary Policy Committee (MPC) kicked off its 3-day meeting deliberating interest rates and analysing the state of the economy on 3 April 2024 and will end today 5, April 2024. While the RBI is widely expected to keep rates on hold, any signals on inflation and economic growth will be closely watched.

Global markets:

Overseas, Asian stocks are trading lower on Friday, tracking overnight losses on Wall Street amid rate cut uncertainty, and sharp rise in crude oil prices. Financial markets in Mainland China, and Taiwan are closed for Qingming Festival on Friday.

US stock indexes fell more than 1% on Thursday as Federal Reserve officials took a cautious approach in comments on the outlook for interest rate cuts, and investors braced for Friday's US monthly jobs report.

On Thursday, Minneapolis Fed President Neel Kashkari cast doubts on Thursday over the central bank cutting rates at all if inflation remained sticky.

Domestic markets:

Back home, domestic stocks advanced on Thursday, with the Nifty closing above 22,500 despite morning jitters. The S&P BSE Sensex gained 350.81 points or 0.47% to 74,227.63. The Nifty 50 index added 80 points or 0.36% to 22,514.65.

Foreign portfolio investors (FPIs) sold shares worth Rs 1,136.47 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 893.11 crore in the Indian equity market on 4 April, provisional data showed.