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Global Cues Signal Gap-Down Start for Indian Markets Today
M
Moneycontrol•24-09-2026, 07:48
Global Cues Signal Gap-Down Start for Indian Markets Today
- •Indian benchmark indices are expected to open lower today, tracking GIFT Nifty's decline to around 23,278 in early trade.
- •Despite mixed global cues, Indian equity indices rebounded yesterday, with Nifty reclaiming 23,400, driven by broad-based buying in metal, realty, and FMCG stocks.
- •Wall Street ended lower, pulled down by Alphabet and Amazon, as Treasury yields climbed and oil prices rose almost 4% after Iran's president's speech.
- •The dollar index reached a two-month high, and global bonds extended their selloff as robust economic data and weak demand at a debt auction pushed Treasury yields higher.
- •FIIs snapped their selling streak, purchasing equities worth ’1,600 crore, while DIIs continued buying with ’2,341 crore on September 23.
Key Questions Answered
Indian equity indices rebounded on September 23, with the Nifty reclaiming the 23,400-mark to close up 0.50 percent at 23,446.80 and the Sensex rising 0.40 percent to 74,828.25.
Foreign institutional investors (FIIs) turned net buyers and purchased equities worth ₹1,600 crore, while domestic institutional investors (DIIs) acquired equities worth ₹2,341 crore.
Wall Street ended lower on Wednesday, with the S&P 500 down 0.75% and Nasdaq down 1.13%, while Treasury yields surged to their highest levels in almost two decades amid stronger-than-expected US economic data.
