The GIFT Nifty indicates that the BSE Sensex and NSE Nifty 50 are likely to open lower on Tuesday, January 21.
The Indian stock market ended on a positive note on Monday, January 20. The Sensex climbed by 454.11 points to close at 77,073.44, while the Nifty rose 141.55 points to settle at 23,344.75. Bank Nifty played a significant role in the rally, surging ahead to close at 49,350.80, leading the market gains.
Top cues to watch on January 21, 2025 US Markets closed for Martin Luther King Jr. Day
The US stock markets were closed on Monday, January 20, to observe Martin Luther King Jr. Day. This is a federal holiday marked by a day of service. This annual closure falls on the third Monday of January to honour the civil rights leader. On last trading session, US indices ended on a positive note. The Dow Jones gained 334.70 points to close at 43,487.83, the S&P 500 rose 59.32 points to 5,996.66, and the Nasdaq climbed 291.91 points to finish at 19,630.20
US stock market futures after Trump second inauguration
US stock market futures surged following Donald Trump’s second inauguration on January 20. Despite markets being closed for the Martin Luther King Jr. Day holiday, futures signaled optimism. The Dow Jones futures rose by 166 points (0.4%), while the S&P 500 and Nasdaq-100 futures climbed by 0.4% and 0.6%, respectively.
Also Read: What Trump 2.0 means for India? Vijay Kedia says ‘no big deal’
US Dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was up 0.34% at 108.44 on Tuesday 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 85.56 against the US Dollar on Monday.
Asian Markets
Asia-Pacific markets were trading on a mixed note on Tuesday. Japan’s Nikkei 225 was trading 0.15% higher at 38,962.15. The Korean index Kospi trades 0.38% lower at 2,510.51. Australia’s S&P/ASX 200 index opened higher, gaining about 0.58% . Chinese index, Shanghai Composite dropped 0.14% to approximately 3,239.98 points.
Crude Oil
WTI crude prices were trading at $80.07,
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