Indian stock markets could start the day on the downside on Jan 7, as the pre‑market GIFT Nifty fell to about 26,212.
What the numbers say
On Jan 6 the benchmark indices closed lower: the Sensex slipped 376 points (‑0.44%) to 85,063, and the Nifty dropped 71 points (‑0.27%) to 26,179.
Sector performance
Losses were led by oil & gas, media, and energy stocks, while buying interest in IT, metals, pharma, and financials helped limit the drop.
- Oil & Gas – sold heavily
- Media – under pressure
- Energy – declined
- IT – modest buying
- Metals – modest buying
- Pharma – modest buying
- Financials – modest buying
Global market cues
Asian markets, which began the year strongly, paused as Japanese stocks slipped amid rising China tensions. In the U.S., Wall Street rose, driven by AI‑related chip stocks, a rally in Moderna, and the Dow nearing the 50,000 level.
- U.S. S&P 500 up 0.62% to 6,945
- Nasdaq up 0.65% to 23,547
- Dow up 0.99% to 49,462
- 10‑year Treasury yield steady around 4.15%
- Dollar index slipped, while most Asian currencies fell except the Chinese yuan and Malaysian ringgit
Commodity snapshot
Crude oil fell more than 1% after comments from former President Trump about Venezuela’s oil shipments. Gold and silver prices also slipped ahead of upcoming U.S. data releases.
Fund flows
On Jan 6 foreign institutional investors sold about ₹108 crore of Indian equities, while domestic institutional investors bought roughly ₹1,750 crore.
Takeaway
With the GIFT Nifty pointing lower and mixed global signals, investors may see a cautious start to the Indian market on Jan 7. Keep an eye on sector strength and global cues before making trading decisions.
Remember, this is just my view, not a prediction. Do your own research or talk to a qualified advisor before acting on any investment ideas.