GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 might see a negative start on Wednesday following Asian markets opening on a lower note in early trade hours.
Prior to this, On December 31, the last trading day of the year, the benchmark indices ended on a lackluster note. The Sensex dropped by 109.12 points to settle at 78,139.01, while the Nifty 50 remained almost flat, losing just 0.1 points to close at 23,644.80.
Top cues to watch on January 1
FPI, DII Data
Foreign portfolio investors (FPIs) sold stocks worth around Rs 4,645.20 crore on Tuesday, as per provisional NSE data. Meanwhile, domestic institutional investors (DIIs) purchased stocks worth Rs 4,546.70 crore.
Wall Street
US indices closed Tuesday on a lower note. The S&P 500 closed the session 0.03% lower at 5,878.91. The technology-heavy Nasdaq Composite dipped 0.93% to close the session at 19,305.25. The 30-stock Dow Jones Industrial Average declined 418.48 points or 0.03% to close at 42,529.56.
Also Read: Stocks To Watch: ITC, Thomas Cook, ITD Cementation, Piramal Enterprises, Kalpataru Projects, Kirloskar Industries, SJVN, Sun Pharma
Asian Markets
Australian markets were trading on a lower note on Wednesday, while Japan and South Korean stock markets are closed on account of the New Year’s Eve holiday. Investors are waiting for China’s manufacturing data. Australia’s S&P/ASX 200 traded 0.9% lower to 8,159.10.
US Dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was up 0.37% at 108.45 on Wednesday morning. The index measures the US dollar’s strength or weakness against major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. Also, the Indian rupee closed at 85.61 against the US Dollar on Tuesday.
Crude Oil
WTI crude prices were trading at $71.74 up by 1.01%, while Brent crude prices were trading at $74.74 up by 1.01%, on Wednesday morning.
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