The GIFT Nifty indicates that the BSE Sensex and NSE Nifty 50 are likely to open lower on Monday, January 6.
Indian stock markets ended in the red on January 3. The Sensex dropped 720.60 points or 0.90% to settle at 79,223.11, while the Nifty lost 184 points or 0.76% to close at 24,004.75. Similarly, the Nifty Bank index also faced losses, declining 617 points or 1.20% to finish at 50,988.80.
Top cues to watch on January 6, 2025
Asian Markets
Asia-Pacific markets were trading on a mixed note on Monday. Japan’s Nikkei 225 was trading 0.78% lower at 39,621.07. The Korean index Kospi trades 0.86% higher at 2,463.07. 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.
Also Read Stocks To Watch: ITC, HDFC Bank, NTPC Green, Vedanta, Bajaj Finance, Brigade Enterprises, ICICI Bank, Kotak Mahindra Bank, JSW Infra Ketan Parekh: Dark side of markets Global action at this hour – Here are top 5 global cues to watch ahead of market opening Stocks To Watch: NHPC, Infosys, InterGlobe Aviation, IndusInd Bank, Welspun Corp, Punjab and Sind Bank, Piramal Enterprises, Shriram Finance
Wall Street
US indices closed Friday on a higher note. The S&P 500 closed the session 1.26% higher at 5,942.47. The technology-heavy Nasdaq Composite rose 1.75% to close the session at 19,619.17. The 30-stock Dow Jones Industrial Average surged 346.36 points or 0.82% to close at 42,738.63.
Also Read: Stocks To Watch: ITC, HDFC Bank, NTPC Green, Vedanta, Bajaj Finance, Brigade Enterprises, ICICI Bank, Kotak Mahindra Bank, JSW Infra
US Dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down 0.09% at 108.96 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 85.78 against the US Dollar on Friday.
Crude Oil
WTI crude prices were trading at $76.50 down by 0.01%, while Brent crude prices were trading at $73.98 up by 0.02%, on Monday morning
FII, DII Data
Foreign Institutional Investors (FIIs) sold stocks worth Rs 4,227.25 crore on January 3, 2025,
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