Indian benchmark indices Sensex and Nifty 50 are likely to open on a negative note on January 2, tracking cues from GIFT Nifty trading around 23,838, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
The Indian equity markets started the new calendar year on a positive note as the benchmark indices ended higher on January 1, with the Nifty closing near 23,750 amid buying seen across the sectors barring metal and realty names. At close, the Sensex was up 368.40 points or 0.47 percent at 78,507.41, and the Nifty was up 98.10 points or 0.41 percent at 23,742.90.
Here is how financial markets across the globe fared overnight:GIFT Nifty (Down)
The GIFT Nifty is trading lower, indicating a negative start for the day. Nifty futures were trading at 23,838 at 07:00 am IST.
Asian Equities (mixed)
Asian stocks kicked off the New Year on a weaker note after an inauspicious end to an otherwise stellar 2024 for global equity investors.
The MSCI Asia Pacific Index edged lower as shares in Hong Kong and China opened down. Benchmarks in Australia and South Korea rose along with US equity futures.
Japanese markets are closed through Jan. 6 and New Zealand remains on holiday.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Topix | - | - | - |
| Nikkei | - | - | - |
| Hang Seng | -2.08 | -2.08 | -2.08 |
| Taiwan | -0.52 | -0.31 | -0.28 |
| Kospi | -0.23 | 0.78 | 0.83 |
US Equities
US markets remained closed on Wednesday.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Dow Jones | - | - | - |
| S&P500 | - | - | - |
| Nasdaq | - | - | - |
US Bond Yield (Flat)
The yield on 10-year and 2-year treasuries was remain unchanged at 4.57% and 4.24%, respectively on THursday.
| Current Price | MTD | YTD | |
| US 10-Year Treasury | 4.57 | 4.18 | 3.92 |
| US 2-Year Treasury | 4.24 | 4.17 | 4.32 |
Dollar Index (Flat)
he U.S. dollar kicked off 2025 on the front foot on Thursday after a strong year of gain against most currencies, with the yen sliding toward its lowest level in more than five months as investors ponder U.S. interest rates staying higher for longer.
| Current Price | MTD | YTD | |
| Dollar Index | 108.46 | 106.44 | 102.20 |
Asian currencies (Mixed)
Asian currencies were trading mixed against the US dollar in the early trade on Thursday with Philippines Peso lead the gainers, followed by South Korean Won, Thai Baht, while Japanese Yen and Malaysian Ringgit depreciated.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | 0.068 | -1.40 | - |
| South Korean Won | 0.416 | -4.47 | 0.488 |
| Japanese Yen | -0.216 | -5.04 | -0.190 |
| Philippines Peso | 0.174 | 1.15 | -0.062 |
| Thai Baht | 0.155 | 0.833 | 0.450 |
| Taiwan Dollar | -0.088 | -0.579 | -0.085 |
| China Renminbi | - | -0.362 | - |
| Malaysian Ringgit | -0.234 | -0.506 | -0.239 |
| Singapore Dollar | 0.037 | -1.49 | 0.022 |
Crude (Gains)
Oil prices nudged higher on Thursday, the first day of trade for 2025, as investors returning from holidays cautiously eyed a recovery in China's economy and fuel demand following a pledge by President Xi Jinping to promote growth.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| US West Texas | 0.60 | 0.60 | 0.60 |
| Brent Crude | 0.58 | 0.58 | 0.58 |
Gold (Gains)
Gold opened the New Year steady after notching its biggest annual gain since 2010, with traders
assessing prospects for a slower pace of monetary easing by the Federal Reserve in 2025.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Gold | 0.22 | 0.22 | 0.22 |
| Silver | 1.37 | 1.37 | 1.37 |
Fund Flow Action
Foreign institutional investors (FIIs) extended their selling as they sold equities worth Rs 1,782 crore on January 1, while domestic institutional bought equities worth Rs 1,690 crore on the same day.
| Jan 1st | MTD | YTD | |
| FII Net Flows | -1,782.71 | -1,782.71 | -1,782.71 |
| DII Net Flows | 1,690.37 | 1,690.37 | 1,690.37 |
Hope you're all set for today's trade, we wish you a profitable day ahead.
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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