Top things you must know before the market opens!

The GIFT Nifty points to a weak opening for Indian markets, with Nifty futures trading at 23,661.50, down 174.50 points or 0.7 per cent.

Pre-Market Update at 8:15 AM: On Tuesday, Wall Street closed lower as light trading volumes marked the holiday-shortened week. The Dow Jones slipped 0.97 per cent, the S&P 500 fell 1.07 per cent, and the Nasdaq Composite declined 1.21 per cent, with all three indices ending the session in the red.

The GIFT Nifty points to a weak opening for Indian markets, with Nifty futures trading at 23,661.50, down 174.50 points or 0.7 per cent as of 7:32 AM IST.

The US 10-year Treasury yield dropped 9 basis points to 4.54 per cent, while the 2-year Treasury yield dipped slightly by 1 basis point to 4.244 per cent in Monday’s early trade.

Oil prices gained in thin trading. Brent crude rose 0.4 per cent to trade above Rs 74 per barrel, and US WTI crude climbed 0.7 per cent, supported by signs of growth in China’s manufacturing activity for the third month in a row. However, traders remain cautious about a potential supply glut in the coming year.

Foreign institutional investors (FIIs) were net sellers on December 31, offloading equities worth Rs 4,645 crore, while domestic institutional investors (DIIs) continued their buying spree, purchasing shares worth Rs 4,546 crore.

No stocks are under the F&O trading ban for today.

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