Indian shares could start the day on a positive note, with the GIFT Nifty index nudging higher around the 26,130 mark.
Indian Market Outlook
The benchmark Sensex was almost flat yesterday, slipping just 20 points to finish at 84,675. The Nifty ended at 25,939, down only 3 points. Both mid‑cap and small‑cap indexes also closed slightly lower, reflecting cautious sentiment after the Fed's December minutes and thin year‑end trading.
Global Market Snapshot
Asian equities are gaining, on track for their best annual performance since 2017, while U.S. markets slipped modestly. The Dow fell about 0.2%, the S&P 500 dropped 0.14%, and the Nasdaq lost 0.23%.
Currency and Commodity Moves
- U.S. Treasury yields: 10‑year at ~4.12%, 2‑year at ~3.44%.
- Dollar index: Mostly flat, with major currencies trading in tight ranges.
- Asian currencies: Mostly higher, led by the Chinese renminbi.
- Crude oil: Falling, heading for its deepest annual loss since the 2020 pandemic.
- Gold and silver: Gold steadied and is set for its best year since 1979.
Fund Flow Summary
Foreign institutional investors (FIIs) kept selling on December 30, offloading about ₹3,844 crore worth of shares. In contrast, domestic institutional investors (DIIs) bought roughly ₹6,159 crore, showing a net inflow from local players.
Takeaway for Retail Traders
With the GIFT Nifty hinting at a firmer start, Indian equities may see modest gains today. Keep an eye on global cues, especially U.S. market moves and oil price trends, as they can influence local sentiment.
Remember, this is just perspective, not a prediction. Do your own research before making any investment decisions.