Indian benchmark indices Sensex and Nifty 50 are likely to open on positive note on January 21, tracking cues from GIFT Nifty trading around 23,411, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
The Indian equity market started the week on a strong note as the benchmark indices erased all the previous session losses with a gain of 0.5 percent led by financial, power and telecom names.
At close, the Sensex was up 454.11 points or 0.59 percent at 77,073.44, and the Nifty was up 141.55 points or 0.61 percent at 23,344.75.
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 23,411 at 07:20 am IST.
Asian Equities (Down)
Asian stocks and US equity futures erased earlier gains after US President Donald Trump said he would enact tariffs on Canada and Mexico on Feb. 1.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Topix | 0.01 | -0.58 | -0.58 |
| Nikkei | 0.14 | -0.31 | -0.31 |
| Hang Seng | |||
| Taiwan | 0.11 | 2.62 | 2.62 |
| Kospi | 0.43 | 8.52 | 8.52 |
The US markets were closed for the Martin Luther King Jr. Day holiday.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Dow Jones | - | 3.41 | 3.41 |
| S&P500 | - | 3.15 | 3.15 |
| Nasdaq | - | 2.84 | 2.84 |
US 10-Year Treasury was down 171 bps at 4.54 and 2-Year Treasury shed 119 percent at 4.24.
| Current Price | MTD | YTD | |
| US 10-Year Treasury | 4.54 | 4.52 | 4.12 |
| US 2-Year Treasury | 4.24 | 4.31 | 4.38 |
The dollar index was trading lower by 0.7 percent at 108.50 in the early tarde on Tuesday.
| Current Price | MTD | YTD | |
| Dollar Index | 108.51 | 107.62 | 103.28 |
Asian currencies were trading mixed against the US dollar in the early trade on Tuesday.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | 0.073 | -0.892 | -1.44 |
| South Korean Won | -0.110 | 0.763 | 2.58 |
| Japanese Yen | -0.064 | 0.977 | 1.05 |
| Philippines Peso | 0.166 | 0.113 | -0.772 |
| Thai Baht | -0.141 | 0.319 | 0.589 |
| Taiwan Dollar | 0.297 | 0.116 | 0.373 |
| China Renminbi | -0.136 | 0.181 | 0.233 |
| Malaysian Ringgit | 0.386 | 0.302 | -0.105 |
| Singapore Dollar | -0.265 | -0.199 | 0.449 |
Oil slumped after Trump said he plans to invoke emergency powers boost domestic crude production and held off on tariffs that may have restricted supplies.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| US West Texas | -1.46 | 7 | 7 |
| Brent Crude | 0.11 | 7.45 | 7.45 |
Gold held an advance as President Donald Trump held off from imposing sweeping trade tariffs against China and other nations on his first day in office, which hurt the US dollar.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Gold | 0.24 | 3.45 | 3.45 |
| Silver | -0.43 | 5.23 | 5.23 |
The Foreign institutional investors (FIIs) sold equities worth Rs 4,336 crore on January 20, while domestic institutional bought equities worth Rs 4,322 crore on the same day.
| 20th Jan | MTD | YTD | |
| FII Net Flows | -4,336.54 | -50,912.60 | -50,912.60 |
| DII Net Flows | 4,321.96 | 53,689.10 | 53,689.10 |
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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