Indian benchmark indices Sensex and Nifty 50 are likely to open gap down on January 13, tracking cues from GIFT Nifty trading around 23,338, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
The Indian market ended lower during a highly volatile session on January 10 with Nifty falling below 23,350, led by selling across the sectors, barring IT stocks, which rallied post TCS' above estimate Q3 numbers.
At close, the Sensex was down 241.30 points or 0.31 percent at 77,378.91, and the Nifty was down 95 points or 0.40 percent at 23,431.50.
Here is how financial markets across the globe fared overnight:GIFT Nifty (Down)The GIFT Nifty is trading weak, indicating a negative start for the day. Nifty futures were trading at 23,338 at 07:00 am IST.
Asian Equities (Down)Asia-Pacific markets opened lower Monday, after US jobs report on Friday dampened investors’ hopes for early interest rate cuts by the Federal Reserve.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Topix | |||
| Nikkei | |||
| Hang Seng | -1.48 | -6.20 | -6.20 |
| Taiwan | -1.87 | -0.44 | -0.44 |
| Kospi | -0.81 | 5.10 | 5.10 |
US stocks sold off on Friday, with the S&P 500 erasing its 2025 gains, after an upbeat jobs report stoked fresh inflation fears, reinforcing bets that the Federal Reserve will be cautious in cutting interest rates this year.
Wall Street's main indexes closed their second consecutive week in the red.
The Dow Jones Industrial Average fell 696.75 points, or 1.63%, to 41,938.45, the S&P 500 lost 91.21 points, or 1.54%, to 5,827.04 and the Nasdaq Composite lost 317.25 points, or 1.63%, to 19,161.63.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Dow Jones | -1.63 | -1.01 | -1.01 |
| S&P500 | -1.54 | -0.51 | -0.51 |
| Nasdaq | -1.63 | -0.36 | -0.36 |
The US 10-Year Treasury added 149 bps at 4.75 percent and 2-year Treasury rose 270 bps at 4.37 percent in the early trade on Monday.
| Current Price | MTD | YTD | |
| US 10-Year Treasury | 4.75 | 4.39 | 3.93 |
| US 2-Year Treasury | 4.37 | 4.24 | 4.14 |
The inexorable rise in Treasury yields has boosted the dollar across the board.
| Current Price | MTD | YTD | |
| Dollar Index | 109.66 | 107 | 102.40 |
The Asian currencies were trading lower against the US dollar in the early trade on Monday. On year-to-date basis, except Philippines Peso and Thai Baht fell more than 1 percent each.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | 0.167 | -1.97 | -0.358 |
| South Korean Won | 0.235 | -2.37 | 0.545 |
| Japanese Yen | -0.044 | -2.63 | -0.387 |
| Philippines Peso | -0.469 | -0.269 | -1.13 |
| Thai Baht | -0.141 | -1.71 | -1.10 |
| Taiwan Dollar | -0.224 | -1.68 | -0.775 |
| China Renminbi | -0.007 | -1.13 | -0.454 |
| Malaysian Ringgit | -0.304 | -1.37 | -0.891 |
| Singapore Dollar | 0.007 | -1.64 | -0.416 |
Oil prices hit their highest level in more than three months on Monday's open, extending their rally on expectations that wider U.S. sanctions will affect Russian crude supplies to the world's top and third largest importers China and India.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| US West Texas | 2.02 | 8.83 | 8.83 |
| Brent Crude | 1.82 | 8.74 | 8.74 |
Gold was under pressure in the early Monday trade with prices down 0.28 percent at around USD 2682 per ounce, while Silver prices shed nearly 0.5 percent at around USD 30.28 per ounce.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Gold | -0.28 | 2.19 | 2.19 |
| Silver | -0.44 | 4.74 | 4.74 |
The Foreign institutional investors (FIIs) remained net seller on sixth consecutive day, as they sold equities worth Rs 2,254.68 crore on January 10, on the other hand domestic institutional bought equities worth Rs 3,961.92 crore on the same day.
| 10th Jan | MTD | YTD | |
| FII Net Flows | -2,254.68 | -21,357.46 | -21,357.46 |
| DII Net Flows | 3,961.92 | 24,215.87 | 24,215.87 |
Hope you're all set for today's trade, we wish you a profitable day ahead.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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