Indian stock markets are expected to open quietly on Jan 12, with the GIFT Nifty staying flat near 25,808 points.
Indian Benchmarks Outlook
The Sensex and Nifty are likely to begin the day with little movement. On Jan 9, both indices fell for the fifth straight session, closing at 83,576.24 (down 0.72%) and 25,683.30 (down 0.75%) respectively. Over the week, each lost about 2.5%.
Key Global Cues
- Asian markets: Stocks opened higher after U.S. jobs data pushed them to fresh highs on Friday.
- U.S. equities: The S&P 500 rose 0.65% to a record 6,966.28, helped by chip makers; the Nasdaq and Dow also posted gains.
- U.S. Treasury yields: The 10‑year yield slipped to 4.16%, and the 2‑year fell to 3.53%.
- Dollar index: The dollar eased after Fed Chair Jerome Powell faced a subpoena related to his June testimony.
- Asian currencies: Most Asian currencies gained, led by the Thai baht and Japanese yen.
- Crude oil: Prices rose as protests in Iran raised worries about supply disruptions.
- Gold: The metal hit a record high, buoyed by steady U.S. rate‑cut expectations and geopolitical tension.
Fund Flow Snapshot
On Jan 9, foreign institutional investors (FIIs) sold Indian shares worth roughly ₹3,769 crore, while domestic institutional investors (DIIs) bought about ₹5,596 crore.
What It Means for You
With the GIFT Nifty flat, the Indian market is likely to start the day without major swings. Keep an eye on global cues—especially U.S. job data, Treasury yields, and oil price movements—as they could influence intraday direction.
Disclaimer
Remember, this is my perspective, not a prediction. Always do your own research or consult a certified financial advisor before making any investment decisions.