How will markets open today? Here are 7 cues to watch at this hour

The GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Wednesday.

Previously, on Tuesday, the Sensex jumped 1,397.07 points or 1.81% to settle at 78,583.81, while the Nifty climbed 374.35 points or 1.6% to close at 23,735.40. The Nifty Bank index also ended in the green, gaining 813.50 points to reach 50,024.05.

Key global and domestic cues to know on February 05, 2025 Asian Markets

Asian markets saw gains as investors tracked developments in the US-China trade war and earnings from major US tech companies. China’s markets were set to reopen on Wednesday. Japan’s Nikkei 225 inched up 0.08% to 38,828.72, while South Korea’s Kospi rose 1.10% in early trade. Australian stocks also traded higher.

US markets

Wall Street rebounded strongly, recovering most of Monday’s losses as markets stabilised after President Donald Trump’s tariff policy shift. The Nasdaq Composite led the gains, rising 1.3%, while the S&P 500 climbed 0.7%. The Dow Jones also closed higher, adding 100 points.

Also ReadStocks To Watch: Tata Power, Birla Corp, RVNL, Titan, Torrent Power, and more 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 107.95 on Wedesday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc.

Crude oil

Crude oil prices saw a slight dip on Wednesday morning. WTI crude was trading at $76.17, down by 0.04%, while Brent crude rose by 1.14%, reaching $72.80.

FII, DII data

After 23 consecutive sessions of selling, Foreign Institutional Investors (FIIs) finally turned net buyers in the cash market on Tuesday, February 4, purchasing shares worth Rs 809.23 crore. Meanwhile, Domestic Institutional Investors (DIIs) moved in the opposite direction, selling shares worth Rs 430.70 crore.

Quarterly results

On Wednesday, a number of major companies are set to announce their quarterly earnings. Among them are Reliance Power, Swiggy, Page Industries, Timken India, Solar Industries, Gujarat Gas, Kansai Nerolac, Redington, Zydus Life, GE Vernova, Abbott India,

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