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Last week, market movements centered around central bank policy expectations, with limited clear alternate influences. Comments from Fed officials and recent economic data suggest that Fed's tightening cycle is not over yet. This pushed US Treasury yields higher, but stock market indexes remained relatively stable. The steady market sentiment slightly restrained Dollar's rally momentum, leading to a mixed performance.

US Dollar Gains Upside Momentum Ahead of US CPI Test

April U.S. Core PCE cools in annual terms, easing to 4.9% from 5.2% in March, indicating that the worst of inflation may be over. Nasdaq 100 futures extend pre-market gains.

By 10:45 a.m., Sensex slightly slipped to 58,696.85 or down by 12.86 points (0.022%).