The markets are welcoming the new year and have started the year on a good note. The global markets are trading on a higher note. The GIFT Nifty is trading 21 points, or 0.08%, higher at 26,312. 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 Thursday, the NSE Nifty 50 closed the session 17 points or 0.06% higher at 26,147, while the BSE Sensex fell 32 points or 0.04% to close at 85,189.
Key global and domestic cues to know on January 02, 2025
Asian Markets
The Asian markets were trading higher on Friday morning. South Korea’s Kospi hit a new record Friday as Asia-Pacific markets kicked off the new year trading mixed. The Kospi was up 0.21%, after hitting a record high of 4,239.88. The small-cap Kosdaq was 1.32% higher. Hong Kong’s Hang Seng index futures were at 25,648, marginally higher than the last close of 25,630.54. Some Asian markets were still closed for the holidays, including Japan and mainland China. South Korea’s markets will open an hour later, at 10 a.m. local time.
US markets
The US benchmarks remained shut in observance of the New Year.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading 0.10% lower at 98.18 on Friday 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 appreciated 0.09% to close at 89.96 to the dollar on January 01.
Crude oil
The crude oil prices traded on a higher note on Friday morning. WTI crude prices were trading at $57.46, up 0.08%, while Brent crude prices were trading at $60.88, a rise of 0.04%.
FII, DII data
Foreign institutional investors (FII) were the net sellers of shares worth Rs 3,268.60 crore. On the other hand, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 1,525.89 crore on January 01, 2025, according to the provisional data available on the NSE.
Gold rate today
The rate for 24-carat gold today is Rs 1,35,840 per 10 grams, near its all-time high. The price of gold has risen by 0.18% from yesterday. The 24 kt gold rate today in Delhi is Rs 1,35,610 per 10 grams. The 18-carat gold price today in India is Rs 1,01,880.
Top sectors in Thursday’s trade
The plastic sector’s stocks rose the most in Thursday’s trade, rising 2.4% in the market capitalisation. Further, power stocks were followed by the nuclear power sector stocks, which were further followed by the water management sector stocks. However, the Tobacco sector stocks fell the most.
Best and worst performing business groups
The MP Birla Group’s market cap rose the most in today’s session, rising 4.7%. It was followed by the Hinduja Group. Apart from that, Shriram Group’s market capitalisation rose the most, increasing 1.94%. In the list of Shriram Group stocks, Shriram Finance’s share rallied 2.4%.