Sensex & Nifty Likely to Open Flat Following Global Cues
DSIJ Intelligence-2Categories: Mkt Commentary, Trending
Gift Nifty was trading around 25,608, showing a premium of nearly 12 points over the previous close of Nifty futures, indicating a flat start for Indian equities.
Pre-Market Update at 7:47 AM: Gift Nifty was trading around 25,608, showing a premium of nearly 12 points over the previous close of Nifty futures, indicating a flat start for Indian equities. Asian markets traded lower and US stock futures weakened after US President Donald Trump announced tariffs on eight European countries over Greenland, dampening global sentiment.
On Monday, Indian benchmark indices declined amid escalating global trade tensions. The Sensex fell 324.17 points, or 0.39 per cent, to close at 83,246.18, while the Nifty 50 slipped 108.85 points, or 0.42 per cent, to end at 25,585.50.
Asian equities opened lower as tariff concerns resurfaced. Japan’s Nikkei 225 declined 0.7 per cent and the Topix fell 0.52 per cent. South Korea’s Kospi dropped 0.41 per cent, while the Kosdaq was flat. Meanwhile, Hong Kong’s Hang Seng futures indicated a positive opening.
Gift Nifty hovered around 25,608, nearly 12 points above the previous close, suggesting a flat start for the Indian market.
US markets were shut on Monday, January 19, for Martin Luther King Jr. Day, while US stock futures pointed to a weak opening for Tuesday’s session.
China kept loan prime rates unchanged for the eighth straight month. The one-year LPR remained at 3.0 per cent, and the five-year LPR stayed at 3.5 per cent.
Citi downgraded continental Europe to “neutral” for the first time in over a year, citing increased transatlantic tensions and tariff-related uncertainty that hurt near-term investment sentiment for European equities.
Japan’s 40-year government bond yield surged to 4 per cent, the highest since its introduction in 2007. This marks the first time since December 1995 that Japanese government bond yields reached the 4 per cent level.
Gold prices hovered near record highs, while silver hit a fresh record amid safe-haven demand driven by US–Europe trade tensions. Silver briefly touched USD 94.7295 per ounce, while gold traded near USD 4,670.
The US dollar retreated to a one-week low, with the dollar index slipping 0.1 per cent to 99.004, its lowest since January 14. The dollar was flat at 158.175 yen. Against the offshore yuan, it traded around 6.9536 yuan, while the euro was steady at USD 1.1640 and the British pound at USD 1.3427.
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Disclaimer: The article is for informational purposes only and not investment advice.