Financial Market Overview

Indian Rupee

The Indian rupee closed at 85.52 on Friday in comparison to its previous closing at 85.5325 on Thursday evening. The Indian Rupee weakened on Friday due to struggling domestic equities, sustained outflows from foreign institutional investors, and higher dollar demand from importers, although a soft US Dollar and declining crude oil prices mitigated further losses. The US Dollar's weakness followed disappointing US economic data, including PPI and retail sales figures. Looking ahead, the Rupee might experience a slight upward trend, bolstered by a weaker Dollar index, lower crude prices, and improved global risk appetite, but continued FII outflows could limit its gains. Investors will be closely monitoring upcoming US housing and consumer sentiment data for future market cues.

Indian Equities

The Nifty was down 48.40 points at 25,013.70, the Sensex was down 200.15 points at 82,330.59.

2525 shares increased in value, 1312 shares decreased, and 134 shares were steady.

Today, big gainers were Bharat Electronics, Bajaj Auto, Adani Enterprises, Tata Consumer, Eternal while losers were Bharti Airtel, JSW Steel, Infosys, SBI, HCL Technologies.

Global Market

Asian market traded higher as follows: Hang Seng was 108.11 points lower at 23,345.05. Nikkei 225 was down by 1.79 points at 37,753.72 and China’s Shanghai Composite was down by 13.36 points at 3,367.46.

European markets traded higher as follows: the French CAC 40 increased by 59.35 points at 7,912.82. The DAX increased by 167.08 points at 23,862.67 and FTSE was up by 56.36 points to 8,690.11.

Over on Wall Street, the S&P 500 index futures increased by 14.75 points, reaching 5,948.00. Simultaneously, the Nasdaq 100 index futures increased by 50.75 points, totaling 21,451.00 while the Dow Jones Industrial Average futures increased by 155.00 points, reaching 42,540.00.

The price of a barrel of Brent crude decreased by 0.04 points to $64.49.