The GIFT Nifty indicates that the BSE Sensex and NSE Nifty 50 are likely to open lower on Friday, January 10.
Benchmark indices faced a sharp downturn on Thursday as persistent volatility weighed heavily on key sectors. The BSE Sensex dropped by 528 points, settling at 77,620. Meanwhile, the NSE Nifty50 slipped by 162 points, closing at 23,526.
Top cues to watch on January 10, 2025
Asian Markets
Asia-Pacific markets were trading on a lower note on Fiday. Japan’s Nikkei 225 was trading 0.82% lower at 39,274.52. The Korean index Kospi trades 0.22% lower at 2,516.50. Australia’s S&P/ASX 200 index opened slightly lower at 0.47% . Chinese index, Shanghai Composite dropped 0.02% to approximately 3,210.76 points.
Wall Street
US indices closed Thursday on a lower note. The S&P 500 closed the session 0.20% lower at 5,906.22. The technology-heavy Nasdaq Composite declined 0.06 to close the session at 19,478.88. The 30-stock Dow Jones Industrial Average fell 119.51 points or 0.28% to close at 42,515.69.
US Dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was up 0.01% at 109.17 on Friday morning. The index measures the US dollar’s strength or weakness against major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. Also, the Indian rupee closed at 85.86 against the US Dollar on Thursday.
Crude Oil
WTI crude prices were trading at $77.13, down by 0.27%, while Brent crude prices were trading at $74.15 up by 0.31%, on Friday morning
FII, DII Data
On January 9, Foreign Institutional Investors (FIIs) reported gross purchases of Rs 8,537.05 crore and gross sales of Rs 15,707.92 crore, resulting in a net outflow of Rs 7,170.87 crore. Meanwhile, Domestic Institutional Investors (DIIs) recorded gross purchases of Rs 16,727.63 crore and gross sales of Rs 9,088.00 crore, leading to a net inflow of Rs 7,639.63 crore.