Global Market Update

Advisory Bazaar Info Services

Global Equity Markets

* US equity markets closed on a flat-to-positive note, with major indices ending higher.

* European markets mostly closed higher, with the CAC being the exception.

* Asian markets are trading mostly higher, supported by overnight gains on Wall Street, lower crude oil prices and softer bond yields.

Indian Market Outlook

* GIFT Nifty is up around 80 points, indicating a positive opening for Indian equities.

* Nifty Futures are likely to open around the 24,560 level.

* GIFT Nifty traded at 24,554.54 on Wednesday, signaling a positive start for the Indian market.

Crude Oil

* Oil prices declined for the third consecutive session after Iran and Oman discussed an “interim framework” aimed at facilitating the resumption of shipping through the Strait of Hormuz.

* Brent crude fell below $87 per barrel, with weekly losses reaching around 8%.

* WTI crude traded near $81 per barrel.

Wall Street

US major indices closed higher on Tuesday as technology stocks recovered from the recent sell-off ahead of Nvidia’s quarterly results. Investors also found support from declines in crude oil prices and bond yields.

Market Outlook

Global markets are receiving support from lower oil prices and easing bond yields. For Indian equities, the positive trend in GIFT Nifty indicates a firm opening, while movements in crude oil prices and global market sentiment will remain key factors to watch.