Market Cues Today: Russia-Ukraine Peace Talks, Gold Rates Today, China US Trade Deal And Other Factors Likely To Frame Investor Sentiment

Stock Market Cues For Today: The stock market is set to factor in several cues on November 26. Major geopolitical developments and significant changes in the prices of commodities such as crude oil and gold are likely to impact investor sentiment today.

In the previous session, the headline indices continued to finish in the red for the third straight day. On November 25, the 30-share Sensex finished the session around 84,587.01 levels, declining 313.7 points or 0.37 per cent. The benchmark Nifty on the other hand ended the session, down by 74.7 points or 0.29 per cent at 25,884.8 levels.

Gift Nifty

On November 26, the Gift Nifty started the session in the red and continued to trade in the red prior to the opening bell. The Gift Nifty hints at a weak start for the benchmark, at the time of writing the Gift Nifty traded around 26,159.5 down by 10 points or 0.04 per cent.

China-US Trade Deal

US President Donald Trump reportedly spoke to Chinese President Xi Jinping. In their call the Chinese President "more or less agreed" to increase China’s imports of US goods, according to a report by news agency Reuters.The trade-talks between the two economies are likely to ease global trade tensions.

India-Europe FTA Negotiations

The past one week has been a significant one for India-Europe trade negotiations. Following the conclusion of a series of meetings held in Brussels such as the 11th India-EU Foreign Policy and Security Consultations and the Sixth Strategic Partnership Review Meeting,  India and European Union (EU) have reaffirmed their mutual goal of finalising a Free Trade Agreement (FTA) by the end of this year (2025).

FII Inflows

Foreign institutional investors net purchased Indian equities worth Rs 785.32 crore on November 25, following two consecutive sessions of selling. On the other hand, the domestic institutional investors (DIIs) continued their buying spree, purchasing equities worth Rs 3,912.47 crore.

Crude Oil Prices On November 26

Crude oil prices edged upwards in the morning hours of November 26, the price of Brent Crude edged higher by $0.25 or 0.4 per cent to $62.73 and the price of West Texas Intermediate crude remained around $58.17 up by $0.22 or 0.38 per cent.

Gold Rate On November 26

Physical gold prices edged upwards in the morning hours of November 26, the price of 24 karat gold remained around Rs 12,705 per gram, the price of 22 karat gold was around Rs 11,646 per gram and the price of 18 karat remained around Rs 9,529 per gram.

Asian Indices Trade Mixed

On November 26, major Asian indices traded in the green with Japan’s Nikkei 225 and South Korea’s KOSPI trading higher by 2.08 per cent and 1.94 per cent respectively. On the other hand China’s Shanghai Composite and Hong Kong’s Hang Seng index traded with early gains of 0.69 per cent and 0.23 per cent respectively.

US Market Indices

US market indices saw gains after witnessing volatility in the past week. On November 24, key Wall Street indices finished the session in the green zone. The Dow Jones Industrial Average and the S&P 500 finished the session with gains of 1.43 per cent and 0.91 per cent respectively. On the other hand, the tech-heavy Nasdaq Composite finished with relatively smaller gains of 0.67 per cent.