Taking cues from Asia and overnight gains in the US markets, GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 imply to open on a higher note on Friday.
Previously, on Thursday, the NSE Nifty 50 finished the session 14 points or 0.06% lower at 23,031.40, while the BSE Sensex lost 32.11 points or 0.04% to close at 76,138.
Key global and domestic cues to know on February 14, 2025
Modi-Trump meet
US President Donald Trump said Prime Minister Narendra Modi has agreed to key measures and trade negotiations. Both countries have set a goal to more than double bilateral trade and they are targetting trade to reach $500 billion by 2030. Trump also discussed setting up the biggest trade route via Israel including Italy. Trump also said the US would offer the F-35 warplane to India as part of a larger commitment to strengthen defence relations. The US will increase sales of military hardware to India by “many billions of dollars,” said Trump at a joint White House press conference with Modi. However, Trump also highlighted the high trade tariffs by India. The reciprocal tariffs against US trading partners may start in April. According to Trump, this decision was spurred by failed attempts to get India to lower its import taxes.
Asia Markets
Asia markets traded on a mixed note taking cues from the overnight gains in the US markets. Japan’s Nikkei 225 was trading 0.57% lower at 39,236. The Asia Dow was trading 1.6% higher at 3,839.70. South Korea’s Kospi rose 0.36% in early trade hours. The Shanghai Composite was trading 0.10% higher at 3,335.81. Hong Kong’s key index Hang Seng was trading 0.97% higher at 22,027.07.
US markets
The US stock markets closed Thursday’s trade on a higher note as trade tension around tariffs appears to ease out. The Dow Jones Industrial Average advanced 342.87 points, or 0.77%, to 44,711.43. The S&P 500 rose 1.04% to finish at 6,115.07. Nasdaq Composite gained 1.50% to end at 19,945.64.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down 0.25% at 107.04 on Friday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. The rupee depreciated 0.01% to close at 86.88 to the dollar on February 13.
Crude oil
The crude oil prices have edged higher. WTI crude prices were trading at $71.49 up by 0.27%, while Brent crude prices were trading at $75.29 up by 0.36%, on Friday morning.
FII, DII data
Foreign institutional investors (FII) were the net sellers of shares net worth Rs 2,934.50 crore. Meanwhile, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 2,789.91 crore on February 13, 2024, according to the provisional data available on the NSE.
Gold rate today
The 24-carat gold price today was Rs 85,920 per 10 grams, near its all-time high of Rs 86,000. The rate of gold has risen 1% in the past one week and jumped 8.7% in the last one month. The 22 kt gold rate today is Rs 78,760 per 10 grams. The 18-carat gold price today is Rs 64,440.
Quarterly results
Aditya Birla Fashion and Retail, Glenmark Pharmaceuticals, Dr Agarwals Eye Hospital, Dilip Buildcon, Easy Trip Planners, GVK Power, Glaxosmithkline Pharmaceuticals, Samvardhana Motherson International, RateGain Travel Technologies, Narayana Hrudayalaya, Swan Energy, Zen Technologies, Uflex, and many other companies will announce their quarterly earnings for the third quarter of the current financial year on February 14.
