Top things you must know before the market opens!

Indian markets are expected to open on a weak note on January 13, with GIFT Nifty pointing to a decline. As of 7:00 AM IST, Nifty futures were trading at 23,338, down significantly.

Pre-Market Update at 8:15 AM: US markets ended sharply lower on Friday, as a strong jobs report heightened inflation concerns, keeping the Federal Reserve cautious about rate cuts. The Dow Jones Industrial Average dropped 696.75 points or 1.63 per cent to close at 41,938.45. The S&P 500 fell 91.21 points or 1.54 per cent to 5,827.04, while the Nasdaq Composite declined 317.25 points or 1.63 per cent to 19,161.63.

Indian markets are expected to open on a weak note on January 13, with GIFT Nifty pointing to a decline. As of 7:00 AM IST, Nifty futures were trading at 23,338, down significantly.

On January 10, Indian markets closed lower after a volatile session, with selling across most sectors. However, IT stocks outperformed on the back of TCS' better-than-expected Q3 earnings. The Sensex ended the day down 241.30 points or 0.31 per cent at 77,378.91, while the Nifty slipped 95 points or 0.40 per cent to settle at 23,431.50.

US bond yields moved higher on Monday. The 10-year Treasury yield rose 149 basis points to 4.75 per cent, while the 2-year yield surged 270 basis points to 4.37 per cent.

The US dollar index held steady at 109.66, supported by rising Treasury yields and ongoing optimism about the resilience of the US economy.

WTI crude futures climbed to their highest levels in over three months, trading above USD 75 per barrel. The rally was driven by expectations of stricter US sanctions on Russian crude, which could impact supplies to major importers like China and India.

Foreign institutional investors (FIIs) continued their selling spree, offloading equities worth Rs 2,254.68 crore on January 10, marking the sixth consecutive session of outflows. Domestic institutional investors (DIIs), however, bought equities worth Rs 3,961.92 crore on the same day.

Manappuram Finance, Bandhan Bank, Hindustan Copper, L&T Finance, and RBL Bank remain under the F&O trading ban today.

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