Top things you must know before the market opens!
Nifty futures were trading at 23,838, down 0.7 per cent as of 7:00 AM IST.
Pre-Market Update at 8:15 AM: Indian markets are set for a weak start on January 2, as GIFT Nifty indicates a decline. Nifty futures were trading at 23,838, down 0.7 per cent as of 7:00 AM IST.
On Wednesday, Indian equity markets closed higher, marking a positive start to the new year. The Sensex climbed 368.40 points or 0.47 per cent to settle at 78,507.41, while the Nifty rose 98.10 points or 0.41 per cent, ending near 23,750. Gains were broad-based except for the metal and realty sectors.
Asian markets began the year on a subdued note following a lacklustre end to 2024. The MSCI Asia Pacific Index edged lower as shares in Hong Kong and China dipped. Meanwhile, US equities remained closed on Wednesday.
Yields on 10-year and 2-year US Treasuries were steady at 4.57 per cent and 4.24 per cent, respectively, on Thursday.
The US dollar index at 108.46 started 2025 on a strong footing, with the yen nearing its lowest level in over five months, reflecting expectations of prolonged higher interest rates in the US.
Oil prices edged higher on Thursday, driven by optimism over China's economic recovery. WTI crude traded above USD 72 per barrel, while Brent crude also posted gains.
Foreign institutional investors (FIIs) remained net sellers on January 1, offloading equities worth Rs 1,782 crore. Domestic institutional investors (DIIs), on the other hand, bought shares worth Rs 1,690 crore.
Manappuram Finance is under the F&O trading ban today.
Disclaimer: The article is for informational purposes only and not investment advice.