The state of the world’s markets is mixed. At 26,185, the GIFT Nifty is down 41 points, or 0.16%. Before the market begins, keep an eye on these important local and international indicators, such as crude oil prices, FII and DII statistics, the most impacted business groupings, sectoral performance, etc.
Market Overview
The BSE Sensex dropped 102 points, or 0.12%, to settle at 84,961 earlier on Wednesday, while the NSE Nifty 50 ended the session 38 points, or 0.14%, down at 26,140.
Important local and international indicators to be aware of on January 8, 2025
Markets in Asia
After Wall Street, the Asian markets began on Thursday morning with mixed results. The Topix index fell 0.27%, while Japan’s Nikkei 225 started 0.46% down. The small-cap Kosdaq increased 0.1%, while South Korea’s Kospi gained 0.12%. The futures contract for Hong Kong’s Hang Seng Index was trading at 26,348, which is lower than the index’s previous finish of 26,458.95.
US marketplaces
After the Dow Jones Industrial Average and the S&P 500 ended three-day winning streaks, the futures linked to the US indexes stayed close to the flatline overnight. The US benchmarks ended Wednesday’s trading session down. The S&P 500 ended the day at 6,920.93, down 0.34%. At 48,996.08, the Dow Jones dropped 466 points, or 0.94%. The Nasdaq Composite closed at 23,584.27, up 0.16%.
🛢️ Crude Oil & Energy Sector Highlights
- Price Movement: WTI at $56.34 (+0.62%), Brent at $60.34 (+0.66%)
- US Deal: Import of $2 billion Venezuelan crude approved
- Economic Impact: Stabilizes Venezuela’s economy & oil industry
- Sector Watch: Energy and EV Charging sectors remain volatile
- Trader Note: Global crude price rise may influence Indian market opening
Oil that is crude
Following the signing of an agreement by U.S. President Donald Trump to acquire up to $2 billion worth of Venezuelan petroleum, the price of crude oil increased on Thursday morning. Brent oil was trading at $60.34, up 0.66%, while WTI crude was trading at $56.34, up 0.62%. According to the U.S. energy secretary, in order to stabilize Venezuela’s economy and restore its oil industry, the U.S. must maintain permanent control over the country’s oil sales and earnings.
The US dollar
On Wednesday morning, the US Dollar Index (DXY), which compares the value of the dollar to a basket of six international currencies, was down 0.01% at 98.72. The index assesses how strong or weak the US dollar is relative to other major currencies. The British pound, the euro, the Swedish krona, the Japanese yen, the Swiss franc, and other currencies are all part of the basket. On January 7, the rupee closed at 89.88 to the dollar, up 0.33%.
FII and DII information
The net sellers of shares valued at Rs 1,527.71 crore were foreign institutional investors (FII). However, according to the NSE’s preliminary statistics, domestic institutional investors (DII) were the net purchasers of shares valued at Rs 2,889.32 crore on January 07, 2025.
💰 Gold Prices & Market Sentiment
- 24K Gold: Rs 1,38,260 per 10 grams (near all-time high)
- Change: Down 0.71% from yesterday
- 18K Gold: Rs 1,03,695 per 10 grams
- Sector Impact: Gems & Jewellery sector rose 4.1% in market cap
- Investor Note: Gold trend may influence retail & AI stocks
Top industries in trading on Wednesday
With a 4.1% increase in market capitalization, the companies in the Gems and Jewellery sector had the biggest increase during Thursday’s trading. Additionally, the stocks in the retail sector came after the stocks in the artificial intelligence sector, and then the stocks in the glass sector. But the stocks in the EV charging industry dropped the most.
Frequently asked questions
1. How may international markets affect the opening of the Indian market?
The mixed Asian markets and comparatively flat US futures point to a cautious or somewhat negative opening for Indian indexes.
2. What does the opening reflect according to the GIFT Nifty?
GIFT Nifty futures are trading lower, suggesting that the Sensex and Nifty would start softly or negatively today.
3. Which macro indicators should traders be aware of before the market?
Crude oil movement, dollar strength, Asian market performance, and flows from FIIs and DIIs are important global indications.
4. How have DIIs and FIIs acted lately?
Yesterday, DIIs were net purchasers and FIIs were net sellers, which might sustain overall market stability in spite of pressure.
5. Which industries were noteworthy lately?
EV charging companies trailed in the previous session, indicating a mixed sector attitude, while gems and jewelry and AI stocks witnessed advances.
In conclusion
With the GIFT Nifty suggesting a weaker opening, expect Indian markets to begin weak to neutral, following mixed Asian signals and flat US futures. Although early session volatility is still expected before directional clarity takes hold, domestic institutional support may be able to mitigate falls.
Disclaimer
This is not financial advice; it is only informative. Before trading, please speak with a financial adviser since market circumstances are subject to sudden changes.
