As indicated by GIFT Nifty, Indian equity indices BSE Sensex and NSE Nifty 50 are likely to open higher on Friday, January 3. Here’s a look at the key stocks to watch in today’s trade.
Dalal Street welcomed the New Year with a bang for the second day in a row. On Thursday, January 2, 2025, the Sensex jumped 1,436 points (1.83 per cent) to close at 79,944, while the Nifty surged 446 points (1.88 per cent) to end at 24,189. Both markets closed on a high, marking a strong start to the year.
Top cues to watch on January 3, 2025
Asian Markets
Asia-Pacific markets were trading on a mixed note on Friday. Japan stock market is closed as part of the New Year holiday observance. The Korean index Kospi trades 1.96% higher at 2,445. Australia’s S&P/ASX 200 index opened slightly higher, gaining about 0.18% . Chinese index, Shanghai Composite dropped over 2% to approximately 3,260 points
Wall Street
US indices closed Thursday on a lower note. The S&P 500 closed the session 0.22% lower at 5,868.55. The technology-heavy Nasdaq Composite dipped 0.21% to close the session at 19,271.14. The 30-stock Dow Jones Industrial Average declined 151.95 points or 0.36% to close at 42,392.27.
Also Read: Stocks To Watch: Avenue Supermarts, Bharti Airtel, RITES, Hero MotoCorp, Wockhardt, Hindustan Zinc, Varun Beverages, NHPC
US Dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down 0.07% at 109.21 on Friday 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 85.75 against the US Dollar on Thursday.
Crude Oil
WTI crude prices were trading at $76.12 up by 0.25%, while Brent crude prices were trading at $73.34 up by 0.28%, on Friday morning
FII, DII Data
Foreign Institutional Investors (FIIs) sold stocks worth Rs 1,506.75 crore on January 2, 2025, with gross purchases of Rs 13,402.85 crore and sales totaling Rs 11,896.10 crore. Meanwhile, Domestic Institutional Investors (DIIs) recorded a net buying of Rs 22.14 crore, driven by Rs 14,176.58 crore in purchases against Rs 14,154.44 crore in sales
Q3 Earnings
Avenue Supermarts,
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