The markets are in a wait-and-watch mode after the US attacked Venezuela. However, the markets and crude prices remain steady across the board. The global markets are trading on a higher note. The GIFT Nifty is trading 68 points, or 0.26%, higher at 26,536. Here are domestic as well as key global cues to watch before the market opens that include crude oil prices, FII and DII data, business groups that most affect, sectoral performance, etc.
Earlier on Friday, the NSE Nifty 50 closed the session 182 points or 0.70% higher at 26,328, while the BSE Sensex rose 573 points or 0.67% to close at 85,762.
Key global and domestic cues to know on January 05, 2025
Asian Markets
The Asian markets were trading higher on Monday morning. Japan’s benchmark Nikkei 225 index jumped 2.26% in its first trading session of the year, while the Topix index added 1.42% to a record high. South Korea’s Kospi index climbed 2.19% to a record high of 4,420.92, and the small-cap Kosdaq added 0.2%. Hong Kong’s Hang Seng Index was set to open higher, with its futures contract trading at 26,442, against the index’s previous close of 26,338.47.
US markets
The future contracts tied to the US benchmarks were trading steadily in the early hours of Monday after the US captured Venezuela’s President and his wife. Dow Jones Industrial Average futures traded 7points higher. S&P 500 futures rose 0.1%, and Nasdaq-100 futures advanced 0.3%.
US attacks Venezuela
Venezuelan President Nicolás Maduro and his wife were captured by the US military amid a “large-scale strike” against the country on Saturday, January 03. The two will “now face American justice” for their “campaign of deadly narco-terrorism against the United States and its citizens,” said US President Donald Trump in a press conference. The US plans to run the country “until a safe, proper and judicious transition can take place,” added Trump. This includes Venezuela’s oil sector, and the US will draw on revenue from oil exports to fund the operation.
Crude oil
The crude oil prices traded on a higher note on Monday morning after the US captured Venezuela’s President along with his wife. Venezuela has the world’s largest oil reserves. WTI crude prices were trading at $57.61, up 0.50%, while Brent crude prices were trading at $61.09, a rise of 0.57%.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading 0.13% higher at 98.55 on Monday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. The rupee depreciated 0.24% to close at 90.19 to the dollar on January 02.
FII, DII data
Foreign institutional investors (FII) were the net buyers of shares worth Rs 289.80 crore. On the other hand, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 677.38 crore on January 02, 2025, according to the provisional data available on the NSE.
Gold rate today
The rate for 24-carat gold today is Rs 1,35,940 per 10 grams, near its all-time high. The price of gold has risen by 0.07% from yesterday. The 24 kt gold rate today in Delhi is Rs 1,35,700 per 10 grams. The 18-carat gold price today in India is Rs 1,01,955. On Comex, Gold prices advanced more than 1% on Monday, rising toward $4,400 per ounce and extending gains from the previous session, as investors sought safety amid escalating geopolitical tensions.
Silver rate today
Silver futures have risen once again after the US captured the Venezuelan President, surging 5.5% on Monday morning. Silver futures for the March expiry were up 5.6% to trade at $75 per ounce on COMEX. The silver prices have increased 57.25% in the past three months.
Top sectors in Friday’s trade
The mining sector’s stocks rose the most in Friday’s trade, rising 4% in the market capitalisation. Further, non-ferrous metal stocks were followed by the artificial intelligence sector stocks, which were further followed by the auto ancillaries sector stocks. However, the Tobacco sector stocks fell the most.
Best and worst performing business groups
The TVS Group’s market cap rose the most in today’s session, rising 2.6%. It was followed by the Vedanta Group. Apart from that, Yash Birla Group’s market capitalisation rose the most, falling 2.95%. In the list of Yash Birla Group stocks, Rudra Ecovation’s share fell 2.95%.