Indian benchmark indices Sensex and Nifty are likely to see a positive start on January 23, supported by positive cues from GIFT Nifty, which was trading higher at around 25,386.50.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
After three consecutive days of decline, Indian equity indices witnessed a strong bounce back on January 22, supported by positive global cues after US President Donald Trump withdrew his tariff threat against European partners.
At close, the Sensex was up 397.74 points or 0.49 percent at 82,307.37, and the Nifty was up 132.40 points or 0.53 percent at 25,289.90.
Here is how financial markets across the globe fared overnight:GIFT Nifty (Gains)
The GIFT Nifty is trading firm at around 25,386.50, indicating a positive opening for the day.
Asian Equities (Up)
Asian equities followed Wall Street higher on Friday after upbeat US economic data and easing geopolitical tensions buoyed investor sentiment.
US Equities (Rise)
Wall Street's main indexes finished higher on Thursday, the second straight day of gains, as investors bought shares after U.S. President Donald Trump rescinded tariff threats on European allies while data highlighted American economic resilience.
The Dow Jones Industrial Average rose 306.78 points, or 0.63%, to 49,384.01, and the S&P 500 advanced 37.73 points, or 0.55%, to 6,913.35. The Nasdaq Composite gained 211.20 points, or 0.91%, to 23,436.02.
US Bond Yield (Up)
Yields on the 10-year and 2-year US Treasuries were trading with little change in the early trade on Friday.
Dollar Index (Down)
The dollar slid, extending this week’s decline to the steepest since June, after President Donald Trump softened its rhetoric on acquiring Greenland, easing global market jitters.
Asian Currencies (Gain)
Asian Currencies were trading mostly higher in the early trade on Friday with Malaysia Ringgit leading the gainers followed by Indonesian Rupiah, South Korean Won, Taiwan Dollar.
Crude (Up)
Oil prices rebounded on Friday after U.S. President Donald Trump renewed threats against major Middle Eastern producer Iran, raising concerns of military action that could disrupt supplies.
Gold (Up)
Gold rose to a record high near $5,000 an ounce, as geopolitical risk and threats to the Federal Reserve’s independence added support to a rally fueled by a retreat from currencies and bonds.
Fund Flow Action
On January 22, Foreign institutional investors (FIIs) sold equities worth around Rs 2549 crore, while domestic institutional investors (DIIs) bought shares worth approximately Rs 4222 crore.
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