Market Today
Indian benchmark indices Sensex and Nifty 50 are likely to open higher on January 20, tracking cues from GIFT Nifty trading around 23,281.50, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
The Indian market snapped three-day winning streak and ended lower with Nifty around 23,200 amid selling in IT and banking names despite the sector biggies Infosys and Axis Bank posted better numbers for the quarter ended December. However, gains in Reliance Industries, post reporting higher profit, helped to limit the losses.
At close, the Sensex was down 423.49 points or 0.55 percent at 76,619.33, and the Nifty was down 108.60 points or 0.47 percent at 23,203.20.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Up)
The GIFT Nifty is trading higher, indicating a positive start for the day. Nifty futures were trading at 23,281.50 at 07:20 am IST.
Asian Equities (Gain)
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Asian equities climbed in early Monday trading, tracking US peers following a positive conversation between Donald Trump and Chinese leader Xi Jinping ahead of the
US President-elect’s inauguration.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Topix | 1.35 | -0.50 | -0.50 |
| Nikkei | 1.29 | -0.32 | -0.32 |
| Hang Seng | |||
| Taiwan | 0.41 | 1.58 | 1.58 |
| Kospi | -0.08 | 7.90 | 7.90 |
US Equities (Up)
US stocks rallied on Friday to close out a strong week on optimism over the health of the economy and path of interest rates as investors braced for a slew of policy changes under the incoming Trump administration.
The Dow Jones Industrial Average rose 334.70 points, or 0.78%, to 43,487.83, the S&P 500 gained 59.32 points, or 1.00%, to 5,996.66 and the Nasdaq Composite gained 291.91 points, or 1.51%, to 19,630.20.
For the week, the Dow rose 3.69%, the S&P gained 2.92% and the Nasdaq climbed 2.43%.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Dow Jones | 0.78 | 3.41 | 3.41 |
| S&P500 | 1 | 3.15 | 3.15 |
| Nasdaq | 1.51 | 2.84 | 2.84 |
US Bond Yield (Flat)
US 10-Year and 2-Year Treasuries were remain unchanged on Monday.
| Current Price | MTD | YTD | |
| US 10-Year Treasury | 4.62 | 4.52 | 4.12 |
| US 2-Year Treasury | 4.28 | 4.31 | 4.38 |
Dollar Index (Flat)
The dollar was little change on Monday as investors waited for an expected flurry of policy announcements in the first hours of Donald Trump’s second presidency and eyed a rate hike in Japan at the end of the week.
| Current Price | MTD | YTD | |
| Dollar Index | 109.26 | 107.62 | 103.28 |
Asian currencies (Up)
Except Indonesian Rupiah and Thai Baht, all other Asian currencies were trading higher against the US dollar in the early trade on Monday. On year-to-date basis, South Korean Won, Philippines Peso and Indonesian Rupiah fell more than 1 percent.
| Change From Previous Close (%) | MTD (%) | MTD (%) | |
| Indonesian Rupiah | -0.024 | -1.70 | -1.51 |
| South Korean Won | 0.027 | -0.855 | -1.44 |
| Japanese Yen | 0.237 | 0.250 | 0.827 |
| Philippines Peso | 0.087 | -0.232 | -1.01 |
| Thai Baht | -0.038 | -0.598 | -0.357 |
| Taiwan Dollar | 0.076 | -0.617 | -0.334 |
| China Renminbi | 0.087 | -0.561 | -0.354 |
| Malaysian Ringgit | 0.018 | 0.051 | -0.733 |
| Singapore Dollar | 0.088 | -0.827 | -0.110 |
Crude (Up)
Oil prices recovered on Monday as supply concerns persisted after Washington imposed two rounds of sanctions in the past two weeks on Russia’s energy sector over the Ukraine war.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| US West Texas | 0.15 | 8.76 | 8.76 |
| Brent Crude | 0.17 | 8.43 | 8.43 |
Gold (Down)
Gold edged lower, with many traders cautious that Donald Trump’s inauguration as US president later Monday could herald an era of sweeping tariffs, trade wars, and widespread market upheaval.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Gold | -0.46 | 2.52 | 2.52 |
| Silver | -0.48 | 4.58 | 4.58 |
Fund Flow Action
The Foreign institutional investors (FIIs) sold equities worth Rs 3,318.06 crore on January 17, while domestic institutional bought equities worth Rs 2,572 crore on the same day.
| 17th Jan | MTD | YTD | |
| FII Net Flows | -3,318.06 | -46,576.06 | -46,576.06 |
| DII Net Flows | 2,572.88 | 49,367.14 | 49,367.14 |
Hope you’re all set for today’s trade, we wish you a profitable day ahead.
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