The GIFT Nifty indicates that the BSE Sensex and NSE Nifty 50 are likely to open higher on Tuesday, January 7.
The Indian headline indices, Sensex and Nifty extended their losses for the second straight session on January 6, ending near the day’s lows. The Sensex plunged by 1,258.12 points, or 1.59%, to close at 77,964.99, while the Nifty 50 slipped 388.70 points, or 1.62%, to settle at 23,616.05.
Top cues to watch on January 7, 2025 Asian Markets
Asia-Pacific markets were trading on a mixed note on Tuesday. Japan’s Nikkei 225 was trading 1.68% higher at 39,968.06. The Korean index Kospi trades 1.11% higher at 2,516.15. 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.
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US indices closed Monday on a higher note. The S&P 500 closed the session 0.55% higher at 5,975.38. The technology-heavy Nasdaq Composite rose 1.25% to close the session at 19,619.17. The 30-stock Dow Jones Industrial Average fell 66.66 points or 0.16% to close at 42,638.90.
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US Dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down 0.01% at 108.33 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 85.82 against the US Dollar on Friday.
Crude Oil
WTI crude prices were trading at $76.13, down by 0.22%, while Brent crude prices were trading at $73.37 up by 0.25%, on Monday morning
FII, DII Data
Foreign Institutional Investors (FIIs) sold stocks worth Rs 2,575.06 crore on January 6, 2025, with gross purchases of Rs 9,817.48 crore and sales totaling Rs 12,392.54 crore.
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