Indian benchmark indices, Sensex and Nifty, are likely to see a strong start on January 5, with cues coming from GIFT Nifty, which was trading higher at around 26,534.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
The Indian benchmarks ended higher on January 2 with Nifty recorded fresh all-time high of 26,340, intraday, led by buying across the sectors barring FMCG. At close, the Sensex gained 573.41 points or 0.67 percent at 85,762.01, while the Nifty rose 182 points or 0.70 percent at 26,328.55.
Broader indices outperformed the main indices with Nifty midcap hitting new high, adding 1 percent, while Nifty smallcap index rose 0.7%.
Here is how financial markets across the globe fared overnight:GIFT Nifty (Up)
The GIFT Nifty is trading higher at around 26,534, indicating a positive opening for the day.
Asian Equities (Up)
Asian equities climbed to a record as investors extended their bets on technology shares. Oil prices
fluctuated and precious metals climbed.
US Equities (Up)
The Dow and S&P 500 indexes ended higher on Friday, starting 2026 by snapping a four-day losing streak, helped by gains in chip makers Nvidia, Intel and Boeing.
In 2025, the Dow, the S&P 500 and the Nasdaq all notched double-digit gains, their third straight year in the green, a run last seen during 2019-2021.
The Dow Jones Industrial Average rose 319.10 points, or 0.66%, to 48,382.39, the S&P 500 gained 12.97 points, or 0.19%, to 6,858.47 and the Nasdaq Composite lost 6.36 points, or 0.03%, to 23,235.63.
US Bond Yield (Flat)
The yield on the U.S. 10-year Treasury bond was little change at 4.187%, while 2-year Treasuries was trading flat at around 3.47 percent.
Dollar Index (Flat)
The U.S. dollar index, which measures the greenback's strength against a basket of six currencies, was up marginally at 98.55, extending recent gains into a fifth consecutive day.
Asian Currencies (Down)
Most of the Asian currencies were trading lower in the the early Monday trade with Malaysian Ringgit down the most followed by Indonesian Rupiah, South Korean Won, Japanese Yen, Philippines Peso.
Crude (Gains)
Brent crude climbed 0.5%. Earlier, it slid as much as 1.2% to $60 a barrel after the weekend capture of Nicolás Maduro, muddying the outlook for supply from the OPEC member.
Gold (Rises)
Gold and silver extended gains, with gold prices jumped 1.5% to trade at $4,402.
Fund Flow Action
After remaining sellers for the last eight sessions, the Foreign Institutional Investors (FIIs) turned net buyers on January 2 as they purchased equities worth Rs 289 crore, while Domestic Institutional Investors (DIIs) bought equities of Rs 677 crore, on same day.
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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