Indian benchmark indices, Sensex and Nifty, are likely to see a muted start on January 14, with cues coming from GIFT Nifty, which was trading with little change at around 25,760.50.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
In another volatile session, the Indian equity market ended lower on January 13, with the Nifty slipping below 25,750 amid selling pressure in auto, consumer durables, pharma and realty stocks.
At close, the Sensex was down 250.48 points or 0.30 percent at 83,627.69, and the Nifty was down 57.95 points or 0.22 percent at 25,732.30.
Here is how financial markets across the globe fared overnight:GIFT Nifty (Flat)
The GIFT Nifty is trading flat at around 25,760.50, indicating a muted opening for the day.
Asian Equities (Up)
Asian shares posted a modest gain at the open, while Japanese equities extended their record-breaking run fueled by a weaker yen.
US Equities (Down)
US stocks ended lower on Tuesday, led by a drop in financial shares as comments from JPMorgan executives added to worries about US President Donald Trump's recent proposal for a cap on credit‑card rates.
The Dow Jones Industrial Average fell 398.21 points, or 0.80%, to 49,191.99, the S&P 500 lost 13.53 points, or 0.19%, to 6,963.74 and the Nasdaq Composite lost 24.03 points, or 0.10%, to 23,709.87.
US Bond Yield (Flat)
The yield on 10-year Treasuries and 2-year Treasuries was trading with little changed at 4.18% and 3.53%, respectively.
Dollar Index (Gains)
The US dollar recovered ground to near a one-month high in early Asian trade on Wednesday after US CPI data that was broadly in line with estimates, firming up expectations that the Federal Reserve will remain on hold later this month despite unprecedented pressure from the White House to lower interest rates.
Asian Currencies (Down)
All the Asian currencies were trading in the red in the early trade on Wednesday, with the Japanese Yen leading the losers, followed by Indonesian Rupiah, Philippine Peso, China Renminbi, Taiwan Dollar, Malaysian Ringgit.
Crude (Slips)
Brent crude notched its biggest four-day gain since June as Trump ramped up rhetoric on Iran.
Silver (Up)
Gold rose toward a record high as weaker-than expected US inflation data supported the case for more interest rate cuts, while the geopolitical situation remained combustible.
Fund Flow Action
On January 13, the Foreign Institutional Investors (FIIs) sold equities worth around Rs 1499 crore, while Domestic Institutional Investors (DIIs) purchased equities worth Rs 1181 crore.
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