Will Sensex Continue Momentum Today? Dow Futures in Green

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Will Sensex Continue Momentum Today? Dow Futures in Green

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.

Asia stocks are trading mixed as of this report with Nikkei 225 up 0.34% while KOSPI 50 and the Shanghai Composite are relatively flat.

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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