By Aditya Raghunath
Investing.com -- Nifty 50 and the BSE Sensex 30 are expected to have a sober start in early trade today with a gap up opening. Nifty 50 Futures in Singapore are trading up 0.13% as of this report which indicates a low key opening for markets.
Foreign institutional investors (FIIs) continued to be net buyers for the second day in a row. They have now bought Rs 3,405.29 crore worth of Indian equities in August. Domestic institutional investors (DIIs) net sold Rs 411.36 crore worth of shares on August 4.
The S&P 500 fell Wednesday on signs of weakness in the labor market that spooked investors at a time when the Federal Reserve continues to signal that easy monetary policy measures will soon come to an end. Dow Jones 30 Futures and S&P 500 Futures are trading up 0.14% each while Nasdaq 100 Futures are up 0.1% as of this report.
Crude oil prices plunged below the key $70 per barrel support on Wednesday, after a shock stockpile build added to COVID concerns that had been weighing on the market the past two days. Crude is now at $68.44.
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