Indian benchmark indices Sensex and Nifty 50 are likely to see flat to negative opening on January 1, tracking cues from GIFT Nifty trading around 23,734.50 , a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
India's benchmark indices, Sensex and Nifty, capped 2024 with robust performances, recording annual gains of 8.17% and 8.8%, respectively. This marks the ninth straight year of positive returns, underscoring the sustained momentum in the Indian equity markets.
In the last trading session of 2024, the benchmarks witnessed volatile swings in trade to eventually end near the flatline. At close, the Sensex was down 109.12 points or 0.14 percent at 78,139.01, and the Nifty was up 13.25 points or 0.06 percent at 23,658.15.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Down)
The GIFT Nifty is trading marginally lower, indicating a flat to negative start for the day. Nifty futures were trading at 23,734.50 at 07:00 am IST.
Asian Equities
Asian indices were shut today.
-2.30
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Toipx | - | 3.89 | - |
| Nikkei | - | 4.21 | - |
| Hang Seng | - | 3.28 | - |
| Taiwan | - | 3.47 | - |
| Kospi | - | - |
Wall Street lost ground on Tuesday as investors closed the book on a remarkable year for equities, during which the U.S. stock market was powered to record highs by the twin engines of the artificial-intelligence boom and the U.S. Federal Reserve's first interest rate cuts in three-and-a-half years.
The Dow Jones Industrial Average on Tuesday fell 29.51 points, or 0.07%, to 42,544.22, the S&P 500 lost 25.31 points, or 0.43%, to 5,881.63 and the Nasdaq Composite lost 175.99 points, or 0.90%, to 19,310.79.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Dow Jones | -0.07 | -5.27 | 12.88 |
| S&P500 | -0.43 | -2.50 | 23.31 |
| Nasdaq | -0.90 | 0.48 | 28.61 |
The US 10-Year and 2-Year Treasuries were remain unchanged.
| Current Price | MTD | YTD | |
| US 10-Year Treasury | 4.56 | 4.18 | 3.87 |
| US 2-Year Treasury | 4.24 | 4.17 | 4.24 |
The dollar touched the strongest level since November 2022 during the final session of the year. The New Zealand and Australian dollars were lagging behind peers.
| Current Price | MTD | YTD | |
| Dollar Index | 108.33 | 106.44 | 102.20 |
Asian currencies were trading mixed against the US dollar in the early Wednesday trade.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | 0.068 | -1.40 | - |
| South Korean Won | -0.371 | -4.89 | - |
| Japanese Yen | - | -4.83 | - |
| Philippines Peso | -0.096 | 1.12 | -0.096 |
| Thai Baht | 0.187 | 0.621 | 0.187 |
| Taiwan Dollar | -0.012 | -0.491 | - |
| China Renminbi | - | -0.362 | - |
| Malaysian Ringgit | - | -0.268 | - |
| Singapore Dollar | - | -1.52 | - |
Oil prices edged higher in thin holiday trading, heading for a flat annual performance as the market braces for a global surplus next year.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| US West Texas | 1.03 | - | 0.10 |
| Brent Crude | 0.88 | - | -3.12 |
Gold posted biggest gain in 14 years, with a 27% advance in 2024 fueled by US monetary easing, geopolitical risks, and central bank purchases.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Gold | 0.69 | - | - |
| Silver | -0.17 | - | - |
Foreign institutional investors (FIIs) offloaded equities worth Rs 4,645 crore on December 31, while domestic institutional bought equities worth Rs 3,546 crore on the same day.
| 31st Dec | MTD | YTD | |
| FII Net Flows | -4,645.22 | -16,982.48 | -21,627.70 |
| DII Net Flows | 4,546.73 | 34,194.73 | 38,741.46 |
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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