The markets are welcoming the new year and wish to start the year on a good note. The global markets are trading on a lower note. The GIFT Nifty is trading 66 points, or 0.25%, higher at 26,342. 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 Wednesday, the NSE Nifty 50 closed the session 191 points or 0.74% higher at 26,130, while the BSE Sensex rose 545 points or 0.64% to close at 85,220.
Key global and domestic cues to know on January 01, 2025
Asian Markets
The Asian markets closed Wednesday’s trade on a lower note, closing the last trade of the year in the red. Hong Kong’s Hang Seng index declined 0.87% to close at 25,630.54, while the mainland CSI 300 was 0.44% lower. Meanwhile, the Japanese and Korean markets remained shut for the whole day.
US markets
The US benchmarks declined in Wednesday’s trade for the fourth consecutive session. The S&P 500 lost 0.74% and closed at 6,845.50, while the Nasdaq Composite slipped 0.76% and settled at 23,241.99. The Dow Jones Industrial Average shed 303.77 points, or 0.63%, and ended at 48,063.29.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading 0.08% higher at 98.32 on Wednesday 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 0.08% to close at 89.87 to the dollar on December 31.
Crude oil
The crude oil prices traded on a lower note on Thursday morning. WTI crude prices were trading at $57.40, down 0.94%, while Brent crude prices were trading at $60.79, a fall of 0.89%.
FII, DII data
Foreign institutional investors (FII) were the net sellers of shares worth Rs 3,597.38 crore. On the other hand, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 6,759.64 crore on December 31, 2025, according to the provisional data available on the NSE.
Gold rate today
The rate for 24-carat gold today is Rs 1,35,600 per 10 grams, near its all-time high. The price of gold has fallen by 0.94% from yesterday. The 24 kt gold rate today in Delhi is Rs 1,35,370 per 10 grams. The 18-carat gold price today in India is Rs 1,01,700.
Silver rate today
Silver futures have fallen 0.11% on Wednesday night. Silver futures for the March expiry were down 0.11%% to close at $70.896. However, Silver futures hit a record high overnight on Monday, reaching $80 an ounce for the first time. But soon, the profit-taking spooked the gains.
Top sectors in Wednesday’s trade
The iron and steel sector’s stocks rose the most in Wednesday’s trade, rising 2.8% in the market capitalisation. Followed by plastic stocks, surging 2.3%. However, glass sector stocks declined the most, dropping 1.2%.
Best and worst performing business groups
The JSW Group’s market cap rose the most in Wednesday’s session, rising 3.4%. It was followed by the Nagarjuna Group. Apart from that, the Future Group’s market capitalisation fell the most, declining 2.19%. In the list of Future stocks, Future Consumer’s shares dropped 4.44%