Today's Trading: Essential Global Market Cues to Monitor
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Global Cues Signal Lower Opening for Indian Markets; Sensex, Nifty Plunge
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Moneycontrol•12-03-2026, 07:51
Global Cues Signal Lower Opening for Indian Markets; Sensex, Nifty Plunge
•Indian equity benchmarks Sensex and Nifty are set for a lower opening today, March 12, tracking a decline in GIFT Nifty.
•On March 11, Sensex fell 1,342.27 points (1.72%) and Nifty dropped 394.75 points (1.63%), with Nifty 50 falling below 23,850.
•Global markets saw Asian equities fall due to surging oil prices from Strait of Hormuz incidents, and US stocks closed lower amid US-Israeli war on Iran concerns.
•Crude oil prices jumped over 7% (West Texas Intermediate, Brent crude), while Gold and Silver traded lower; Dollar Index rose, and Asian currencies mostly declined.
•FIIs extended their selling streak to 9 sessions, offloading Rs 6,267 crore, while DIIs continued buying for the 11th day, purchasing Rs 4,965 crore.