Indian equities are poised for a higher start as global markets react to a surprise US strike on Venezuela.
Why Indian markets may rise today
Early trading signals from the Gift Nifty show it up about 0.3%, suggesting a positive opening for the Indian benchmark.
Recent performance of Indian indices
On January 2, the Sensex climbed 0.67% to finish at 85,762.01, while the Nifty 50 closed at a record 26,328.55, up 0.70% after hitting an intraday high of 26,340.
Asian markets surge after US action
- Japan's Nikkei 225 jumped 2.26%.
- Topix rose 1.42% to a new high.
- South Korea's Kospi gained 2.19%, closing at a record 4,420.92.
- Kosdaq inched up 0.2%.
US markets hold steady
The S&P 500 edged up 0.19% to 6,858.47, the Dow Jones added 0.66% to end at 48,382.39, while the Nasdaq slipped slightly by 0.03%.
Commodities reaction
- Brent crude rose to $60.92 a barrel.
- WTI crude reached $57.43 a barrel.
- Spot gold gained over 1%, trading around $4,400 per ounce.
Currency moves
The US dollar strengthened, hitting a three‑and‑a‑half‑week high against the euro at $1.1704 and a two‑week peak versus the yen at 157.08.
What it means for investors
Broad‑based buying and optimism around auto sales and other cyclical sectors could keep the market upward, though tobacco‑related stocks remain under pressure.
Remember, this is perspective, not prediction. Do your own research before making any investment decisions.