Indian benchmark indices, Sensex and Nifty, are likely to open with a positive bias on January 9, with cues coming from GIFT Nifty, which was trading lower at around 26,011.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Bears tightened their grip on Dalal Street as Indian equity benchmarks extended losses for the fourth consecutive session on January 8. The Nifty slipped near the 25,850 mark intraday, weighed down by broad-based selling across sectors, persistent foreign institutional investor (FII) outflows, concerns over potential US tariffs, and rising geopolitical tensions.
At close, the Sensex was down 780.18 points or 0.92 percent at 84,180.96, and the Nifty was down 263.90 points or 1.01 percent at 25,876.85.
Here is how financial markets across the globe fared overnight:GIFT Nifty (Up)
The GIFT Nifty is trading higher at around 26,011, indicating a firm opening for the day.
Asian Equities (Mixed)
Asian equities swung between modest gains and losses, with investors bracing for Friday’s US payrolls report and a possible Supreme Court ruling on President Donald Trump’s tariffs.
US Equities (Mixed)
Wall Street ended mixed on Thursday, as Nvidia and other technology stocks dipped, while defense companies advanced after President Donald Trump called for an enlarged $1.5 trillion military budget.
The S&P 500 climbed 0.01% to end the session at 6,921.45 points.
The Nasdaq declined 0.44% to 23,480.02 points, while the Dow Jones Industrial Average rose 0.55% to 49,266.11 points.
US Bond Yield (Flat)
The yield on 10-year Treasuries and 10-year Treasuries were unchanged at 4.16% and 3.49%, respectively.
Dollar Index (Flat)
The US dollar advanced at the start of the Asian session on Friday, as traders awaited the release of the latest US jobs report and braced for a forthcoming US Supreme Court decision on President Donald Trump's use of emergency tariff powers.
The dollar index, which measures the greenback's strength against a basket of six currencies, was up 0.2% at 98.91, rising for a third consecutive day.
Asian Currencies (Slip)
Except China Renminbi, all other Asian currencies were trading lower in the early Friday trade Philippines Peso leading the losers followed by Malaysian Ringgit, Indonesian Rupiah Japanese Yen, Taiwan Dollar, South Korean Won, Singapore Dollar.
Crude (Rises)
Oil extended its gain as investors monitored developments in Venezuela and Iran.
Silver (Down)
Silver fell for a second day with investors positioning for an annual rebalancing of commodity indexes that will see futures contracts worth billions of dollars sold in the next few days.
Fund Flow Action
On January 8, 2026, Foreign Institutional Investors (FIIs) were net sellers of Indian equities worth approximately Rs 3,367 crore, extending a selling streak for the fourth consecutive session. In contrast, Domestic Institutional Investors (DIIs) provided strong support, purchasing equities worth approximately Rs 3,701 crore
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