Indian stocks are expected to open flat on January 2, with trading likely thin after global markets were closed for holidays.
Market outlook
Early signals from the pre‑market Gift Nifty showed a modest rise of 23 points, putting the index at 26,314 – roughly 0.09% higher than the previous close. This points to a flat‑to‑positive start for the day.
Recent performance
On the first trading day of 2026, the Sensex slipped 32 points (‑0.04%) to finish at 85,188.60, while the Nifty 50 edged up 17 points (+0.06%) to 26,146.55. With no major news catalyst, most moves came from stock‑specific actions, keeping the benchmarks range‑bound.
Sector highlights
- Auto: Gained on strong December sales.
- IT: Supported by value‑buying interest.
- FMCG: Declined after a new excise duty on cigarettes.
Global backdrop
Asian markets are opening cautiously, with several exchanges closed for holidays. The U.S. stock market was closed on New Year’s Day, and recent U.S. sanctions on Venezuelan oil‑related firms added a geopolitical note.
Commodities snapshot
- Gold rose 0.8% to about $4,347 per ounce.
- Silver jumped 2.1% to $72.75 per ounce.
- Crude oil held steady, with WTI just above $57 per barrel and Brent below $61.
What to watch
Investors will be looking ahead to the Q3 earnings season, budget expectations, and any developments in the India‑U.S. trade talks. Earnings growth is expected to remain the main driver of market moves throughout 2026.
Disclaimer
Remember, this is perspective, not a prediction. Do your own research and consider your risk tolerance before making any investment decisions.