On January 13, 2025, global markets are poised for a downturn, with the GIFT Nifty indicating a negative opening for Indian indices at 23,653.50. The NSE Nifty 50 closed the previous session down 95 points (0.40%) at 23,431.50, while the BSE Sensex fell 241 points (0.31%) to 77,378.91. This trend follows a disappointing US jobs report that dampened hopes for early interest rate cuts by the Federal Reserve.
Asian markets mirrored this sentiment, with Japan's Nikkei 225 remaining closed for a holiday, while South Korea's Kospi declined 0.86% to 2,493. The Asia Dow was down 1.15% at 3,676.11. In the US, indices also closed lower, with the S&P 500 down 1.54% at 5,827, the Nasdaq Composite dropping 1.63% to 19,161.63, and the Dow Jones Industrial Average decreasing by 696.75 points (1.63%) to 41,938.45.
The US Dollar Index (DXY) fell slightly by 0.03% to 109.66, while the Indian rupee hit an all-time low of 85.96 against the dollar. In commodities, WTI crude rose 1.83% to $77.97, and Brent crude increased 1.74% to $81.15.
On January 10, foreign institutional investors (FII) sold shares worth Rs 2,254.68 crore, while domestic institutional investors (DII) bought shares worth Rs 3,961.92 crore. Key quarterly results from several firms, including HCL Technologies and Delta Corp, are expected to be announced today.