Micron Technology(US:MU) The Economic Times·2025-09-12 01:17Market Overview - GIFT Nifty indicates a positive start for Dalal Street, trading higher by 76.5 points, or 0.30%, at 25,182.50 [1][12] - Indian equity markets have shown positive momentum for the seventh consecutive day, driven by easing India-US trade relations and expectations of a US Federal Reserve rate cut [12] US Market Performance - Wall Street's main indexes reached record-high closes, supported by gains in Tesla and Micron Technology, alongside favorable inflation and jobless data that suggest a potential interest rate cut by the Federal Reserve [2][12] - The S&P 500 rose by 0.85%, Nasdaq increased by 0.72%, and Dow Jones climbed by 1.36% [5] Asian Market Trends - Asian shares experienced gains, joining a global equity rally following tame US inflation data and cooling job numbers, which bolster expectations for a Federal Reserve rate cut [3][12] Commodity Prices - Gold prices increased, marking a fourth consecutive weekly gain, driven by concerns over a weakening US labor market overshadowing inflation worries ahead of an anticipated Federal Reserve rate cut [7][12] - Oil prices declined due to concerns about softening US demand and oversupply, despite worries about supply disruptions from geopolitical conflicts [8][12] Foreign Investment Activity - Foreign portfolio investors (FPIs) net sold shares worth Rs 3,472 crore, while domestic institutional investors (DIIs) were net buyers at Rs 4,046 crore [10][12] - The position of FIIs in the futures market decreased from a net short of Rs 1.86 lakh crore to Rs 1.82 lakh crore [12] Currency Movement - The Indian rupee fell by 24 paise, closing at an all-time low of 88.35 against the US dollar, influenced by ongoing tariff issues between India and the US [11][12]