Top Things You Must Know Before the Market Opens!
The GIFT Nifty indicated a strong opening for Indian markets, with Nifty futures trading at 23,400 as of 7:20 am IST.
Market Update 8:15 AM: U.S. stocks surged on Wednesday, delivering the largest daily percentage gains across major indices in over two months. The rally was driven by lower-than-expected December core inflation data and robust earnings reports from key U.S. banks. The Dow Jones Industrial Average jumped 703.27 points, or 1.65 per cent, to close at 43,221.55. The S&P 500 advanced by 107.00 points, or 1.83 per cent, ending at 5,949.91, while the Nasdaq Composite climbed 466.84 points, or 2.45 per cent, to 19,511.23.
Asian markets mirrored Wall Street’s upward momentum on Thursday, as softer U.S. core inflation bolstered hopes for Federal Reserve rate cuts within the year.
The GIFT Nifty indicated a strong opening for Indian markets, with Nifty futures trading at 23,400 as of 7:20 am IST.
Indian equity benchmarks marked their second straight day of gains on January 15, driven by buying interest in IT, metal, power, and realty stocks. The Sensex rose by 224.45 points, or 0.29 per cent, to close at 76,724.08, while the Nifty gained 37.15 points, or 0.16 per cent, finishing at 23,213.20.
The U.S. 10-Year Treasury yield increased by 22 basis points to 4.66 per cent, while the 2-Year Treasury yield climbed 25 basis points to 4.27 per cent during early Wednesday trading.
The dollar index slipped slightly to 109.01 against a basket of major currencies in early trade.
WTI crude oil prices climbed above $80 per barrel, nearing mid-2022 highs, driven by global supply concerns and U.S. sanctions on Russia and Iran. EIA data revealed an eight-week drop in U.S. crude inventories, while a ceasefire between Israel and Hamas eased regional risks. OPEC projected steady oil demand growth through 2026.
Foreign Institutional Investors (FIIs) continued their selling spree for the ninth consecutive day on January 15, offloading shares worth Rs 4,533.49 crore. On the other hand, Domestic Institutional Investors (DIIs) purchased equities amounting to Rs 3,682.54 crore.
Aarti Industries, Aditya Birla Fashion and Retail, Angel One, Bandhan Bank, Kalyan Jewellers, Hindustan Copper, Manappuram Finance, L&T Finance, and RBL Bank are under the F&O trading ban on the NSE.
Disclaimer: The article is for informational purposes only and not investment advice.