Today's Indian stock market is likely to start quietly, with the pre‑market GIFT Nifty stuck near 26,140.
Current Market Snapshot
On December 24, the Sensex closed at 85,408.70, down 116 points (‑0.14%). The Nifty ended at 26,142.10, slipping 35 points (‑0.13%). Most sectors were in the red except media and metal, with IT, Oil & Gas, Pharma and PSU banks each losing about 0.4%.
Mid‑ and Small‑Cap Performance
The BSE mid‑cap index fell 0.3%, while the small‑cap index was flat.
Global Influences
- Asian markets traded thinly on Friday, with Japan and South Korea rising.
- U.S. stocks posted record closes on Wednesday: Dow +0.60%, S&P 500 +0.32%, Nasdaq +0.22%.
- U.S. Treasury yields were steady – 10‑year at 4.14% and 2‑year at 3.50%.
- The dollar was unchanged, while Asian currencies showed mixed moves.
- Oil prices rose after the U.S. increased pressure on Venezuelan shipments and conducted airstrikes in Nigeria.
- Gold hit a new high in early Asian trade, driven by safe‑haven demand and hopes for more Fed rate cuts.
Investor Flow
Foreign Institutional Investors sold about ₹1,721 crore of Indian equities on December 24, marking a third straight day of net selling. Domestic Institutional Investors bought roughly ₹2,381 crore, providing a cushion for the market.
What This Means for Retail Traders
A flat GIFT Nifty often points to a calm opening for the regular market session. Keep an eye on sector news and global cues, especially any surprise moves in oil or gold, as they can sway sentiment.
Remember, this is just a perspective, not a prediction. Do your own research or consult a certified advisor before making any investment decisions.