Top Things You Must Know Before the Market Opens!

Indian markets are expected to start the day on a weaker note on January 3, with GIFT Nifty indicating a decline. As of 7:00 AM IST, Nifty futures were trading at 24,191.50, down slightly.

Pre-Market Update at 8:15 AM: Wall Street ended lower on Thursday, with the Dow Jones Industrial Average declining 151.95 points or 0.36 per cent to close at 42,392.27. The S&P 500 dropped 13.08 points or 0.22 per cent to 5,868.55, while the Nasdaq Composite slipped 30.00 points or 0.16 per cent to 19,280.79.

Indian markets are expected to start the day on a weaker note on January 3, with GIFT Nifty indicating a decline. As of 7:00 AM IST, Nifty futures were trading at 24,191.50, down slightly.

On Tuesday, the Indian equity markets extended their winning streak into the second day of 2025, supported by broad-based buying across sectors. Auto stocks led the gains following upbeat December sales figures. The Sensex surged 1,436.30 points or 1.83 per cent to close at 79,943.71, while the Nifty advanced 445.75 points or 1.88 per cent to settle at 24,188.65.

US bond yields edged lower on Friday. The 10-year Treasury yield was down 22 basis points at 4.55 per cent, while the 2-year yield declined by 5 basis points to 4.23 per cent.

The US dollar index rose to 109.17, maintaining its strength amid expectations of reduced Federal Reserve rate cuts and optimism about the US economy’s relative performance.

WTI crude futures rose to around USD 73.2 per barrel, nearing a 2.5-month high, driven by optimism over China’s growth outlook and declining US crude inventories. However, concerns over potential oversupply and OPEC+ production linger.

Foreign institutional investors (FIIs) turned net buyers on January 2, purchasing equities worth Rs 1,506 crore after 12 consecutive sessions of selling. Domestic institutional investors (DIIs) also net bought equities worth Rs 22 crore on the same day.

Manappuram Finance and RBL Bank remain under the F&O trading ban today.

Disclaimer: The article is for informational purposes only and not investment advice.