Indian benchmark indices Sensex and Nifty 50 are likely to open lower on January 3, tracking cues from GIFT Nifty trading around 24,191.50, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
The Indian benchmark indices continued their winning streak on the second day of new calendar year with Nifty crossing 24,200, intraday, on the back of buying across the sectors led by auto stocks after December sales number.
At close, the Sensex was up 1,436.30 points or 1.83 percent at 79,943.71, and the Nifty was up 445.75 points or 1.88 percent at 24,188.65.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Down)
The GIFT Nifty is trading lower, indicating a weak start for the day. Nifty futures were trading at 24,191.50 at 07:00 am IST.
Asian Equities (Up)
Asian equities showed signs of bucking the dour mood on Wall Street that dragged US stocks lower for a fifth day, underscoring a cautious start to the year.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Topix | - | - | - |
| Nikkei | - | - | - |
| Hang Seng | 0.15 | -1.98 | -1.98 |
| Taiwan | 1.06 | 0.01 | 0.02 |
| Kospi | 1.88 | 1.92 | 2.92 |
Wall Street see-sawed to a lower close on Thursday amid choppy trading, as investors embarked on the new year facing the cross-currents of solid labor market data, a rising dollar and tumbling Tesla shares.
All three major U.S. stocks ended the session in negative territory, a reversal of an earlier rally but off session lows.
The Dow Jones Industrial Average fell 151.95 points, or 0.36%, to 42,392.27, the S&P 500 lost 13.08 points, or 0.22%, to 5,868.55 and the Nasdaq Composite lost 30.00 points, or 0.16%, to 19,280.79.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Dow Jones | -0.36 | -0.19 | -0.19 |
| S&P500 | -0.22 | -0.05 | -0.05 |
| Nasdaq | -0.16 | 0.02 | 0.02 |
The US 10-Year Treasury was down 22 bps at 4.55 percent and 2-year Treasury was down 5 bps at 4.23 percent on Friday.
| Current Price | MTD | YTD | |
| US 10-Year Treasury | 4.55 | 4.22 | 3.91 |
| US 2-Year Treasury | 4.23 | 4.17 | 4.33 |
The dollar was on track for its best weekly performance in over a month on Friday, underpinned by expectations of fewer Federal Reserve rate cuts this year and the view that the U.S. economy will continue to outperform the rest of its peers globally.
| Current Price | MTD | YTD | |
| Dollar Index | 109.17 | 106.36 | 102.49 |
Asian currencies were trading mixed against the US dollar in the early trade on Friday.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | -0.407 | -1.80 | -0.407 |
| South Korean Won | 0.469 | -2.59 | 0.848 |
| Japanese Yen | 0.159 | -4.86 | -0.032 |
| Philippines Peso | -0.409 | 0.805 | -0.237 |
| Thai Baht | 0.055 | -0.134 | -0.119 |
| Taiwan Dollar | -0.030 | -1.05 | -0.319 |
| China Renminbi | -0.001 | -0.363 | -0.001 |
| Malaysian Ringgit | -0.216 | -0.410 | -0.349 |
| Singapore Dollar | 0.190 | -1.66 | -0.139 |
Oil was steady after climbing Thursday on an industry report signaling US crude stockpiles continued to shrink.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| US West Texas | 0.23 | 2.20 | 2.20 |
| Brent Crude | 0.20 | 1.92 | 1.92 |
Gold was steady at around USD 2,657 an ounce, after notching its biggest annual gain since 2010 last year.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Gold | 0.08 | 1.35 | 1.35 |
| Silver | 0.03 | 2.33 | 2.33 |
After remaining net seller in the last 12 sessions, the Foreign institutional investors (FIIs) bought equities worth Rs 1,506 crore on January 2, while domestic institutional bought equities worth Rs 22 crore on the same day.
| 2nd Jan | MTD | YTD | |
| FII Net Flows | 1,506.75 | -275.96 | -275.96 |
| DII Net Flows | 22.14 | 1,712.51 | 1,712.51 |
Hope you're all set for today's trade, we wish you a profitable day ahead.
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