Indian benchmark indices Sensex and Nifty are likely to open on a positive note on January 27, supported by positive cues from GIFT Nifty, which was trading higher at around 25,165.50.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
The market failed to build on the previous session’s strong rebound and ended lower in a volatile session on January 23, as selling pressure was seen across sectors.
At close, the Sensex was down 769.67 points or 0.94 percent at 81,537.70, and the Nifty was down 241.25 points or 0.95 percent at 25,048.65.
Here is how financial markets across the globe fared overnight:GIFT Nifty (Rises)
The GIFT Nifty is trading higher at around 25,165.50, indicating a firm opening for the day.
Asian Equities (Mixed)
Stocks swung between small gains and losses after President Donald Trump reignited the tariff debate by threatening higher levies on South Korea.
US Equities (Up)
The S&P 500 and the Nasdaq advanced for a fourth consecutive session on Monday, as investors geared up for a slew of mega-cap earnings and a Federal Reserve update on interest rate policy later this week.
The Dow Jones Industrial Average rose 313.69 points, or 0.64%, to 49,412.40, the S&P 500 gained 34.62 points, or 0.50%, to 6,950.23, and the Nasdaq Composite gained 100.11 points, or 0.43%, to 23,601.36.
US Bond Yield (Up)
Yields on the 10-year and 2-year US Treasuries were trading with little change in the early Tuesday trade.
Dollar Index (Up)
The dollar index rose marginally in the early trade on Tuesday against the other major currencies.
Asian Currencies (Down)
Asian Currencies were trading mostly lower in the early trade on Tuesday, with the South Korean Won leading the losers, followed by the Thai Baht, Philippines Peso, the Japanese Yen, Malaysia Ringgit.
Crude (Up)
Oil prices fell on Tuesday even as a massive winter storm hit crude production and affected refineries on the U.S. Gulf Coast.
Gold (Up)
Gold rose, holding above $5,000 an ounce for a second day, as a weak dollar helped to extend a rally fueled by geopolitical risks and investor flight from sovereign bonds and currencies.
Fund Flow Action
The Foreign institutional investors (FIIs) continued their selling on January 23 as they sold equities worth around Rs 4113 crore, while domestic institutional investors (DIIs) bought shares worth Rs 4102 crore.
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