As indicated by GIFT Nifty, Indian equity indices BSE Sensex and NSE Nifty 50 are likely to open flat on Thursday, January 2. Here’s a look at the key stocks to watch in today’s trade.
Previously, the Indian stock markets welcomed the new year on a high note. The BSE Sensex climbed 368 points or 0.47 per cent to settle at 78,507.13, while the NSE Nifty gained 98 points or 0.41 per cent, closing at 23,742.90, ending the day on a green note on January 1, 2025.
Top cues to watch on January 2, 2025
FII, DII Data
Foreign Institutional Investors (FIIs) sold stocks worth Rs 1,782.71 crore on January 1, 2025, with gross purchases of Rs 1,237.02 crore and sales totaling Rs 3,019.73 crore. Meanwhile, Domestic Institutional Investors (DIIs) recorded a net buying of Rs 1,690.37 crore, driven by Rs 8,536.97 crore in purchases against Rs 6,846.60 crore in sales.
Wall Street
The U.S. stock markets, including the S&P 500, Nasdaq Composite, and Dow Jones, were closed on January 1 for New Year’s Day. Trading will resume on January 2. In the previous session, the S&P 500 closed the session 0.47% 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: Tata Motors, RailTel Corporation, NMDC, Maruti Suzuki, Indian Bank, Ashoka Metcast, Ambuja Cements, Urgo Capital
Asian Markets
Australian markets were trading on a higher note on Thursday, while Japan and South Korean stock markets are closed on account of the New Year’s Eve holiday. Australia’s S&P/ASX 200 traded 0.2% lower to 8,175.
US Dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was up 0.07% at 108.52 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 85.64 against the US Dollar on Wednesday.
Crude Oil
WTI crude prices were trading at $75.08 up by 1.01%, while Brent crude prices were trading at $71.74 up by 1.06%, on Thursday morning
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