Indian benchmark indices Sensex and Nifty 50 are likely to see a positive start on January 7, tracking cues from GIFT Nifty trading around 23,769.0, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Indian equity markets witnessed bloodbath on start of the week as the benchmark indices shed 1.5 percent on January 6 amid fears about Human Metapneumovirus (HMPV) weighed on investor sentiment.
At close, the Sensex was down 1,258.12 points or 1.59 percent at 77,964.99, and the Nifty was down 388.70 points or 1.62 percent at 23,616.05.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Up)
The GIFT Nifty is trading higher, indicating a positive start for the day. Nifty futures were trading at 23,769 at 07:00 am IST.
Asian Equities (Up)
Asian shares gained after tech firms helped Wall Street deliver a rally for a second day.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Topix | 1 | -0.40 | -0.40 |
| Nikkei | 1.87 | 0.03 | 0.03 |
| Hang Seng | -0.38 | -2.05 | -2.05 |
| Taiwan | 1.19 | 3.94 | 3.94 |
| Kospi | 1.02 | 6.48 | 6.48 |
The S&P 500 and the Nasdaq Composite rose on Monday to more than one-week highs, boosted by a rally in semiconductor stocks and a report that suggested the incoming Trump administration could adopt a less aggressive tariff stance than expected.
The Dow Jones Industrial Average fell 25.57 points, or 0.06%, to 42,706.56, the S&P 500 gained 32.91 points, or 0.55%, to 5,975.38 and the Nasdaq Composite gained 243.30 points, or 1.24%, to 19,864.98.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Dow Jones | -0.06 | 0.63 | 0.63 |
| S&P500 | 0.55 | 1.85 | 1.85 |
| Nasdaq | 1.24 | 3.13 | 3.13 |
The US 10-Year Treasury was down 13 bps at 4.62 percent and 2-year Treasury was down 5 bps at 4.27 percent in the early trade on Tuesday.
| Current Price | MTD | YTD | |
| US 10-Year Treasury | 4.62 | 4.15 | 4.03 |
| US 2-Year Treasury | 4.27 | 4.10 | 4.37 |
The U.S. dollar hovered near a one-week low versus major peers on Tuesday as traders considered whether President-elect Donald Trump's tariffs would be less aggressive than promised.
| Current Price | MTD | YTD | |
| Dollar Index | 108.33 | 106.05 | 102.20 |
Asian currencies were trading mixed against the US dollar in the early trade on Tuesday with Taiwan Dollar, Philippines Peso, South Korean Won were trading in the green, while Japanese Yen, Singapore Dollar were trading lower.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | -0.006 | -2.17 | -0.407 |
| South Korean Won | 0.123 | -1.88 | -1.40 |
| Japanese Yen | -0.404 | -4.41 | -0.632 |
| Philippines Peso | 0.305 | -0.131 | -0.198 |
| Thai Baht | 0.012 | -2.33 | -0.723 |
| Taiwan Dollar | 0.308 | -1.01 | 0.073 |
| China Renminbi | -0.090 | -0.772 | -0.393 |
| Malaysian Ringgit | 0.oo | -1.90 | -0.876 |
| Singapore Dollar | -0.066 | -1.75 | 0.110 |
Oil prices were trading lower in the early trade on Tuesday.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| US West Texas | -0.35 | 2.22 | 2.22 |
| Brent Crude | -0.28 | 1.96 | 1.96 |
Gold prices held its ground on Tuesday, with investors awaiting more economic data later this week for cues on the Federal Reserve's interest rate trajectory for this year.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Gold | 0.06 | 0.53 | 0.53 |
| Silver | 0.15 | 3.31 | 3.31 |
The Foreign institutional investors (FIIs) sold equities worth Rs 2,575 crore on January 6, while domestic institutional bought equities worth Rs 5,749 crore on the same day.
| 6th January | MTD | YTD | |
| FII Net Flows | -2,575.06 | -7,078.27 | -7,078.27 |
| DII Net Flows | 5,749.65 | 8,282.76 | 8,282.76 |
Hope you're all set for today's trade, we wish you a profitable day ahead.
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