Indian stocks are set for a weak start on Tuesday, Jan 8, as the pre‑market GIFT Nifty points lower.
Market outlook for Jan 8
The GIFT Nifty is hovering around 26,187.5, hinting that both the Sensex and Nifty could open in negative territory.
Yesterday’s performance
- Sensex closed at 84,961.14, down 0.12% (‑102.20 points).
- Nifty ended at 26,140.75, down 0.14% (‑37.95 points).
- Mid‑cap index rose 0.5% while small‑cap edged up 0.12%.
Global market influences
Asian equities slipped for a second day as a record‑setting rally lost steam. In the U.S., the S&P 500 and Dow fell, but the Nasdaq climbed 0.16% driven by AI‑related names like Nvidia and Alphabet.
- S&P 500: ‑0.34% to 6,920.93
- Dow Jones: ‑0.94% to 48,996.08
- Nasdaq: +0.16% to 23,584.28
Commodities, currencies and bond yields
- Oil prices rose after the U.S. announced new measures on Venezuelan crude shipments.
- Gold held steady after a near‑1% dip the day before.
- U.S. Treasury yields were flat, and the dollar showed little movement.
- Most Asian currencies fell, led by the Indonesian Rupiah.
Fund flow snapshot
Foreign Institutional Investors (FIIs) sold about ₹1,527 crore of Indian equities for the third straight day, while Domestic Institutional Investors (DIIs) bought roughly ₹2,889 crore.
Bottom line
With global risk sentiment shaky and foreign investors continuing to sell, Indian markets may start the day on the downside. Keep an eye on any fresh geopolitical developments before making trade decisions.
Remember, this is just an overview, not a prediction. Do your own research and consider consulting a certified advisor before acting.