Market Cues Today: India-US Trade Talks Resume, Gold Rates Today And Other Triggers Set To Impact D-Street

Stock Market Cues: The Sensex and Nifty are likely to open higher on September 10 amid positive cues such as US President Donald Trump’s recent statement on India-US trade ties and the Gift Nifty opening higher at 24,940 levels. On September 9, the headline indices extended gains for the fifth straight session. The Nifty finished at 24,868.6 up by 95.45 points or 0.39 per cent and the Sensex closed at 81,101.32 up by 314.02 points or 0.39 per cent.

Stock Market Cues On September 10

Some of the significant factors expected to impact D-street on September 10 include changes in commodity prices, the resumption of trade talks and Foreign Institutional Investor and Domestic Institutional Investor trade data.

Resumption Of India-US Trade Talks

US President Donald Trump has announced the resumption of India-US trade negotiations. The US President said in a post on social media platform X that he is looking forward to speaking with Prime Minister Modi. He added that he believes that India and US will be able to successfully conclude the trade talks.

“I am pleased to announce that India, and the United States of America, are continuing negotiations to address the Trade Barriers between our two Nations. I look forward to speaking with my very good friend, Prime Minister Modi, in the upcoming weeks. I feel certain that there will be no difficulty in coming to a successful conclusion for both of our Great Countries!,” Trump said.

Notably, the US is currently imposing 25 per cent tariffs on Indian imports and an additional 25 per cent tariffs on India’s Russian oil imports, resulting in total trade tariffs of 50 per cent.

Crude Oil Prices On September 10

Crude oil prices traded in the green on September 10 as West Texas Intermediate crude traded at $63.17 up by 0.81 per cent. The price of Brent Crude increased by 0.8 per cent to $66.92.

Gold Rate On September 10

Gold prices edged higher on September 10, the price of one gram of 24 karat gold was around Rs 11,030, the price of one gram of 22 karat purity gold remained around Rs 10,111. The rates for 18 karat purity gold were Rs 8,273 per gram on September 10.

FII, DII Trade

On September 9, foreign institutional investors turned buyers of Indian equities for the first time in September. FIIs net purchased Indian equities worth Rs 2,050.46 crore and Domestic institutional investors purchased 83.08 crore worth of shares.

Asian Indices Trade Mixed On September 10

Key Asian indices traded higher in the early hours of September 10, Hang Seng advanced 1.14 per cent and the Shanghai Composite traded higher with marginal gains of 0.12 per cent. At the time of writing the Nikkei 225 and the KOSPI witnessed gains of 0.56 per cent and 1.49 per cent respectively.

US Market Indices

Wall Street indices closed in the green on September 10, the Dow Jones Industrial Average finished the session higher by 0.43 per cent at 45,711.34. On the other hand the Nasdaq Composite and the S&P 500 finished higher at 0.37 per cent and 0.27 per cent respectively.