How will markets open today? Here are 11 cues to watch at this hour- – Market News

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may open on a higher note on Thursday. Also, Asian markets are trading in the green following the overnight cues from US markets.

Previously, on Wednesday, the NSE Nifty 50 finished the session 26 points or 0.12% lower at 23,045.25, while the BSE Sensex lost 122.52 points or 0.16% to close at 76,171.08.

Key global and domestic cues to know on February 13, 2025

IT Bill to be tabled today

The New Income Tax Bill will be tabled by Finance Minister Nirmala Sitharaman in the Parliament today. It is expected to be shorter, more succinct and easier to understand. 

How will markets open today? Here are top 8 cues to watch ahead of trading on February 11

How will markets open today? Here are 8 cues to watch out for

How will markets open today? Here are 8 cues to watch at this hour-

How will markets open today? Here are 7 cues to watch at this hour-

Asian Markets

Asia markets traded on a higher note despite a fall in overnight US markets. Japan’s Nikkei 225 was trading 1.14% higher at 39,416.08. The Asia Dow was trading 0.08% higher at 3,804.96. South Korea’s Kospi rose 0.96% in early trade hours. The Shanghai Composite was trading 0.24% lower at 3,338.22. Hong Kong’s key index Hang Seng was trading 0.46% higher at 21,963.39.

US markets

The US stock markets closed Wednesday’s trade on a lower note after headline consumer inflation rose more than expected in January, raising brows for the delay in rate cuts. The S&P 500 lost 0.27% to finish at 6,051.97. The Dow Jones Industrial Average declined 225.09 points, or 0.5%, to 44,368.56. Nasdaq Composite gained 0.03% to end at 19,649.95.

US CPI inflation

The consumer price index increased 3% in January compared to the last year, a report from the Labor Department showed. It was up from 2.9% reported in December. It has grown from a three-and-a-half-year low of 2.4% in September. 

IIP numbers

The index of industrial production (IIP) grew by 3.21% in December from 4.96% in November, on account of a deceleration in manufacturing growth. “This can be attributed to weaker manufacturing growth at 3% in December (Vs 5.5% in November) partly weighed by an unfavourable base. With this, the IIP growth improved to 3.9% in Q3 FY25 from a 2.7% growth in the previous quarter,” said Rajani Sinha, Chief Economist at CareEdge Ratings.

India’s retail inflation

The CPI inflation moderated to 4.3% in January from 5.2% in December, majorly on the back of a slowdown in food inflation. Meanwhile, the core inflation continues to remain on a muted note, staying below 4% over the last year. “While the recent depreciation of the rupee could exert pressure via imported inflation, the relatively low core inflation should help mitigate any significant concerns. The inflation rate for vegetables continued to ease, dropping to 11.3% in January from 26.6% in December,” said Rajani Sinha, Chief Economist at CareEdge Ratings.

US dollar 

The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down 0.02% at 107.92 on Thursday 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 0.05% to close at 86.88 to the dollar on February 12. 

Crude oil

The crude oil prices have edged higher. WTI crude prices were trading at $70.84 down by 0.75%, while Brent crude prices were trading at $74.65 down by 0.71%, on Thursday morning. 

FII, DII data

Foreign institutional investors (FII) were the net sellers of shares net worth Rs 4,969.30 crore. Meanwhile, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 5,929.24 crore on February 12, 2024, according to the provisional data available on the NSE.

Gold rate today

The 24-carat gold price today was Rs 85,640 per 10 grams, coming down from an all-time high of Rs 86,000. However, the rate of gold has risen 1.3% in the past one week and jumped 9.2% in the last one month. The 22 kt gold rate today is Rs 78,503 per 10 grams. 

Quarterly results

Hindalco Industries, Afcons Infrastructure, Ipca Laboratories, Allcargo Logistics, Concord Biotech, Ansal Housing, Deepak Nitrite, HealthCare Global Enterprises, Godfrey Phillips, Manappuram Finance, Indo Farm Equipment, R Systems International, Senco Gold, Radiant Cash Management Services, SJVN, United Breweries, Texmo Pipes & Products, and many other companies will announce their quarterly earnings for the third quarter of the current financial year on February 13.

Cryptocurrency

Crypto market saw mixed performance with Bitcoin briefly slipping below $95,000 amid renewed inflation concerns but recovering to nearly $98,000. While Ethereum was stable, remained stable, Solana dropped by 1 per cent and XRP dropped by 0.8 per cent. As investors track inflation data, higher-than-expected figures may deter expected Federal Reserve interest rate cuts. This may have an impact on the crypto performance.

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