Market Cues Today: Gold Rate Today, Crude Oil Prices And Other Factors Expected To Steer Action On D-Street Today

The benchmark indices finished in the green on August 18 with the Nifty 50 closing at 24,876.95 up by 245.65 points or 1 per cent. The 30-share Sensex finished the session at 81,273.75 up by 676.09 points or 0.84 per cent. On August 19, the headline indices are expected to start marginally lower as the Gift Nifty is trading around 24,951 down by 0.25 per cent.

Market Cues Today

Here’s a look at some of the key stock market cues which are expected to impact trade on August 19:

Crude Oil Prices On August 19

Crude oil prices declined in early trade on August 19 as the West Texas Intermediate crude traded around $63.06 down by $0.36 or 0.57 per cent. On the other hand the Brent Crude traded around $66.24 down by $0.36 or 0.54 per cent.

Gold Rate On August 19

Gold prices fell marginally in the early hours of August 19. The price of one gram of 24 karat gold was around Rs 10,117, the price of one gram of 22 karat purity gold remained around Rs 9,274. The price of 18 karat gold was around Rs 7,588 per gram in the early hours of August 19.

Asian Indices Trade Mixed On August 19

Asian indices traded lower on August 19 in the early hours of the trading session. The Nikkei 225 traded around 43,619 down by 95.31 points or 0.22 per cent. The Hang Seng and the KOSPI also traded lower by 0.17 per cent and 0.36 per cent respectively. The Shanghai Composite traded in the green up by 12.45 points or 0.33 per cent at 3,740.48 in the early hours of August 19.

US Markets

The Dow Jones Industrial Average (DJIA) and the S&P 500 closed the session in the red on August 18. The DJIA closed at 44,911.82 down by 34.3 points or 0.08 per cent on August 18. The S&P 500 finished the session at 6,449.15 down by 0.65 points or 0.01 per cent. However the Nasdaq Composite finished the session higher at 21,629.774 up by 6.797 points or 0.03 per cent.

US Futures

US Futures which are linked to Wall Street indices remained flat ahead of an action packed week in which several key speeches from the Federal Reserve are expected. The DJIA futures ended lower at 44,895 down by 17.2 points or 0.04 per cent. S&P 500 futures and the Nasdaq 100 futures closed lower by 0.097 per cent and 0.1 per cent respectively.

FII And DII Trade

On August 18, Foreign Institutional Investors (FIIs) ended a selling spree as they turned net buyers, net purchasing equities worth Rs 550.85 crore. In the four day selling spree FIIs net sold Indian equities worth Rs 10,172.64 crore. On the other hand Domestic Institutional Investors (DIIs) continued to remain net buyers of Indian equities in August buying equities worth Rs 59,899.09 crore. So far FIIs have net sold Indian equities worth Rs 23,640.66 crore in August.