Indian shares are expected to start the new year either flat or a little higher, guided by the GIFT Nifty level around 26,310.
Market snapshot
By the close of the previous session, the Sensex slipped 32 points to 85,188.60, while the Nifty nudged up 17 points to 26,146.55. Mid‑cap stocks rose about 0.3%, and small‑cap indices were unchanged.
Key drivers
- GIFT Nifty: Trading just above 26,310, suggesting a modest start.
- Asian markets: Mostly higher in early trade, though Japan remained closed.
- U.S. markets: Closed for New Year’s Day.
- Dollar index: Fell slightly after a weak end‑of‑year run.
- Asian currencies: Broad gains, led by the Chinese renminbi and South Korean won.
- Oil: Held steady after a steep 2025 decline, as traders watch the upcoming OPEC+ meeting.
- Gold and silver: Both rose, with gold heading toward $4,350 an ounce.
Fund flows
Foreign Institutional Investors (FIIs) sold about ₹3,268 crore of stocks on Jan 1, while Domestic Institutional Investors (DIIs) bought roughly ₹1,525 crore.
What this means for you
With the market set for a quiet start, consider:
- Sticking to well‑established stocks if you prefer stability.
- Watching currency moves if you have exposure to imports or exports.
- Keeping an eye on oil and gold for potential hedging opportunities.
Takeaway
Today's trading is likely to be modest. The GIFT Nifty level gives a useful cue, but broader market direction will depend on how investors react to profit‑taking and global cues later in the day.
Remember, this is perspective, not a prediction. Do your own research before making any investment decisions.