Share Market News

GIFT Nifty:

The GIFT Nifty January 2025 futures contract is currently up 12 points, indicating a positive start for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 3,318.06 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,572.88 crore in the Indian equity market on 17 January 2025, provisional data showed.

According to NSDL data, FPIs have sold shares worth Rs 45498 crore (so far) in the secondary market during January 2025. This follows their sale of shares worth Rs 2589.63 crore in December 2024.

Global Markets:

Most Asian stocks rose on Monday, buoyed by hopes that U.S. President-elect Donald Trump may adopt a less aggressive stance toward China than previously feared when he assumes office later in the day.

Regional markets took cues from Wall Street’s strong performance on Friday. U.S. stocks rallied as robust bank earnings and expectations of interest rate cuts fueled investor optimism. The Dow Jones Industrial Average climbed 0.78%, hitting a new one-month high, while the S&P 500 rose 1.00%, and the NASDAQ Composite added 1.51%. Key performers included NVIDIA Corporation (+3.10%), Amazon.com Inc (+2.39%), and Goldman Sachs Group Inc (+2.11%).

Investor sentiment improved further after Trump avoided mentioning trade tariffs during a "victory lap" rally in Washington on Sunday. However, he reiterated plans to crack down on immigration and reduce government oversight of domestic companies.

Despite the optimism, uncertainty lingers. Fox News Digital reported that Trump is expected to sign a record number of executive orders upon taking office on Monday. While details remain unclear, some orders could potentially include increased trade tariffs against China.

Previously, Trump had vowed to impose tariffs of up to 60% on Chinese imports and suggested similar measures targeting Mexico and Canada. Such policies could disrupt global trade and pose challenges for export-driven economies.

Meanwhile, the People’s Bank of China (PBOC) left its benchmark loan prime rate unchanged on Monday, as widely anticipated. Beijing appears to be holding off on new stimulus measures while awaiting greater clarity on Trump’s trade policies.

Lastly, U.S. markets will remain closed on Monday in observance of Martin Luther King, Jr. Day.

Domestic Market:

The key domestic equity indices ended with modest losses on Friday, snapping a three-day winning streak. The Nifty index closed below the 23,210 mark, weighed down by weakness in the IT and banking shares. Concerns over rising crude oil prices and a depreciating rupee added to investor worries. Persistent selling by foreign institutional investors further exacerbated the downward pressure.

The S&P BSE Sensex tumbled 423.49 points, or 0.55% to 76,619.33. The Nifty 50 index lost 108.60 points or 0.47% to 23,203.20. In three consecutive trading sessions, the Sensex and Nifty rose by 0.38% and 0.51%, respectively.

GIFT Nifty:

The GIFT Nifty January 2025 futures contract is currently down 3 points, indicating a negative start for the Nifty 50.

Reliance Industries (RIL) reported a 12% year-on-year increase in consolidated net profit to a record high of Rs 21,930 crore in the quarter ended December 31, 2024. This strong performance was driven by robust growth across its key business segments: digital services, retail, and oil-to-chemicals. RIL's Q3 revenue grew 7.7% to Rs 2.67 lakh crore, while EBITDA climbed 7.8% to Rs 48,003 crore. EBITDA margin expanded by 10 basis points year-on-year to 18% and by 1 percentage point sequentially.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 4,341.95 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,928.72 crore in the Indian equity market on 16 January 2025, provisional data showed.

According to NSDL data, FPIs have sold shares worth Rs 41081.98 crore (so far) in the secondary market during January 2025. This follows their sale of shares worth Rs 2589.63 crore in December 2024.

Global Markets:

Most Asian stocks declined on Friday after US shares struggled to gain traction.

China's industrial production grew 6.2% year-on-year in December, government data showed on Friday. It compares to a 5.4% rise seen in the prior month. Meanwhile, Chinese retail sales rose 3.7% in December, accelerating sharply from the 3.0% rise seen in November.

Shares in Japan fell as the yen largely held onto gains from earlier in the week.

US markets weakened on Thursday after initial optimism surrounding softer-than-expected inflation data was tempered by robust retail sales and a resilient labor market. These data points suggested that the Federal Reserve may have more room to gradually slow down interest rate cuts.

The S&P 500 fell 0.2% to 5,937.33 points, while the NASDAQ Composite slid 0.9% to 19.338.29 points. The Dow Jones Industrial Average fell 0.2% to 43,153.13 points.

US Retail Sales climbed by 0.4% in December, reaching $729.2 billion, according to the US Census Bureau's report on Thursday. This figure was lower than November’s 0.8% increase.

The number of Americans filing new applications for unemployment benefits increased more than expected last week, but remained at levels consistent with a healthy labor market. Initial claims for state unemployment benefits rose 14,000 to a seasonally adjusted 217,000 for the week ended Jan. 11, the Labor Department said on Thursday.

Nonfarm payrolls increased by 256,000 jobs in December while the unemployment rate dropped to 4.1% from 4.2% in November.

Investor attention also focused on the potential impact of President-elect Trump's policies, particularly his plans for increased trade tariffs.

Domestic Market:

The key equity benchmarks concluded Thursday's trading session with moderate gains, extending their winning streak to three consecutive days. The Nifty closed above the 23,300 level. PSU banks and metal shares rallied. On the other hand, FMCG and IT shares declined.

In the barometer index, the S&P BSE Sensex, rallied 318.74 points or 0.42% to 77,042.82. The Nifty 50 index rose 98.60 points or 0.42% to 23,311.80. In three consecutive trading sessions, the Sensex and Nifty gained by 0.93% and 0.97%, respectively.

GIFT Nifty:

The GIFT Nifty January 2025 futures contract is currently down 1.5 points, indicating a flat start for the Nifty 50.

Adani Group stocks will be closely watched on Thursday following the announcement that Hindenburg Research, the short-seller responsible for the recent $100 billion market crash in Adani Group shares, is disbanding.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 4,533.49 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 3,682.54 crore in the Indian equity market on 15 January 2025, provisional data showed.

According to NSDL data, FPIs have sold shares worth Rs 36563.85 crore (so far) in the secondary market during January 2025. This follows their sale of shares worth Rs 2589.63 crore in December 2024.

Global Markets:

Asian shares rallied on Thursday, mirroring Wall Street's gains, as a softer-than-expected US core inflation report revived hopes for Federal Reserve interest rate cuts later this year.

The US core consumer price index (CPI), which excludes volatile food and energy prices, increased by 0.2% in December, marking the first slowdown in six months. This eased concerns about inflation and bolstered expectations that the Fed might begin cutting rates sooner than previously anticipated. Swap traders are now fully pricing in a rate cut by July, a significant shift from the expectations of a September or October cut following Friday's strong jobs report.

The year-over-year increase in core CPI was 3.2%, still above the Fed's 2% target. However, the deceleration in the monthly rate provided confidence that inflation is gradually cooling down.

Wall Street experienced a sharp rally on Wednesday, fueled by a combination of positive bank earnings and the encouraging inflation data. The S&P 500 surged 1.8%, the NASDAQ Composite climbed 2.5%, and the Dow Jones Industrial Average jumped 1.7%.

JPMorgan Chase, Wells Fargo, Goldman Sachs, and Citigroup, among other major banks, reported strong fourth-quarter earnings, setting a positive tone for the upcoming earnings season. Asset manager BlackRock also delivered robust results.

In other news, shares of Brazilian airline Azul SA soared over 4% after announcing a non-binding agreement to explore a merger with rival Gol, a move that would create Brazil's largest airline operator.

Domestic Market:

The domestic equity indices closed marginally higher on Wednesday, extending gains for the second consecutive day. The benchmark Nifty index crossed the 24,200 mark amid cautious optimism. The broader market sentiment, however, remains delicate. Uncertainties surrounding Q3 corporate earnings, the forthcoming Union Budget, and global factors, including the evolving US trade policies, continue to weigh on investor sentiment.

The S&P BSE Sensex added 224.45 points or 0.29% to 76,724.080. The Nifty 50 index rose 37.15 points or 0.16% to 23,213.20.

GIFT Nifty:

The GIFT Nifty January 2025 futures contract is currently down 13 points, indicating a negative start for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 8,132.26 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 7,901.06 crore in the Indian equity market on 14 January 2025, provisional data showed.

According to NSDL data, FPIs have sold shares worth Rs 28757.51 crore (so far) in the secondary market during January 2025. This follows their sale of shares worth Rs 2589.63 crore in December 2024.

Global Markets:

Most Asian stocks climbed on Tuesday, following a subdued US trading session. Investors are eagerly awaiting key US Consumer Price Index (CPI) inflation data, which will provide crucial insights into the Federal Reserve's future interest rate policy. Persistent inflation could limit the Fed's ability to cut interest rates, a concern highlighted in their December meeting.  

Eurozone industrial production data is also expected to be released ahead of the US inflation figures.

Meanwhile, impeached South Korean President Yoon Suk Yeol was arrested on Wednesday by authorities. This follows a failed attempt to impose military law in late 2024, as reported by local media. Yoon will now face trial on charges of insurrection after his unsuccessful attempt to implement martial law in December. This move was met with widespread opposition from citizens and policymakers, triggering nationwide protests and calls for his removal.  

US indices exhibited mixed performance on Tuesday, with technology stocks continuing to struggle. The markets are also recovering from a weak start to the year, having declined from record highs in December. The S&P 500 rose 0.1% to 5,842.86 points on Tuesday, while the NASDAQ Composite fell 0.2% to 19,044.39 points. The Dow Jones Industrial Average rose 0.5% to 42,518.28 points.

The US Producer Price Index (PPI), a key indicator of consumer price inflation, came in at 0.2% on Tuesday, lower than expected. The PPI, which measures the change in the price of goods sold by manufacturers, remained unchanged compared to the previous reading.

Domestic Market:

The domestic equity indices staged a rebound on Tuesday, ending a four-day losing streak. The Nifty 50 ended above the 23,170 mark, led by gains in PSU banks and metal stocks. However, IT and FMCG sectors witnessed some correction. Investors appeared to view the recent market correction as overdone, leading to buying interest in oversold sectors.

The S&P BSE Sensex rose 169.62 points or 0.22% to 76,499.63. The Nifty 50 index rose 90.10 points or 0.39% to 23,176.05. In four consecutive trading sessions, the Sensex and Nifty dropped by 2.39% and 2.62%, respectively.

GIFT Nifty:

The GIFT Nifty January 2025 futures contract is currently down 4 points, indicating a flat-to-negative start for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 4,892.84 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 8,066.07 crore in the Indian equity market on 13 January 2025, provisional data showed.

According to NSDL data, FPIs have sold shares worth Rs 24416.60 crore (so far) in the secondary market during January 2025. This follows their sale of shares worth Rs 2589.63 crore in December 2024.

Global Markets:

U.S. stock futures signal a positive open on Monday, with Dow Jones Industrial Average futures trading 42 points higher. Concerns over the potential impact of disruptive trade tariffs under the incoming Trump administration have eased slightly, following reports that his team is considering a gradual increase in import duties.

Asian markets exhibited mixed performance on Monday, with investor sentiment dampened by ongoing concerns about the tight monetary conditions in the United States.

U.S. indices partially recovered from their initial losses on Monday, resulting in a mixed close. The S&P 500 saw a modest 0.16% gain, while the Dow Jones Industrial Average rebounded from a two-month low with a robust 0.86% increase. The NASDAQ Composite lagged behind, experiencing a 0.38% decline.

This week, investor attention will be firmly focused on the release of December's Consumer Price Index (CPI) inflation data on Wednesday. Additionally, the earnings season is set to commence in earnest on Wednesday, with several major Wall Street banks scheduled to report their financial results.

Domestic Market:

The domestic equity market experienced a sharp decline on Monday, with broad-based selling across sectors. Mid- and small-cap indices bore the brunt of the downturn, recording losses exceeding 4% each. Realty and metal stocks were particularly hard hit. The precipitous decline was fueled by global headwinds. The soaring US dollar, squeezing the Indian rupee to an all-time low, further intensified the agony for traders.

The S&P BSE Sensex tumbled 1,048.90 points or 1.36% to 76,330.01. The Nifty 50 index slipped 345.55 points or 1.47% to 23,085.95. In four consecutive trading sessions, the Sensex and Nifty dropped by 2.39% and 2.62%, respectively.

GIFT Nifty:

The GIFT Nifty January 2025 futures contract is currently down 20.50 points, indicating a mildly negative start for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 2,254.68 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 3,961.92 crore in the Indian equity market on 10 January 2025, provisional data showed.

According to NSDL data, FPIs have sold shares worth Rs 22259.88 crore (so far) in the secondary market during January 2025. This follows their sale of shares worth Rs 2589.63 crore in December 2024.

Global Markets:

U.S. stock futures point to a negative open Monday, with the Dow Jones Industrial Average futures down 50 points.

Asian shares slipped on Monday, following a strong US jobs report on Friday that fueled concerns about persistent inflation. This led to a rise in US Treasury yields and boosted the dollar. Brent crude oil prices surged to their highest level in over four months, exceeding $81 per barrel, amid renewed US sanctions against Russia.

The robust jobs data reinforced expectations that the Federal Reserve will maintain its current interest rate stance. Investors are now keenly awaiting key US inflation data this week, including the Consumer Price Index (CPI) report on Wednesday, the New York Fed's one-year inflation expectations on Monday, producer prices on Tuesday, and jobless claims on Thursday.

The US stock market closed lower on Friday after the strong jobs report reignited inflation fears. The Dow Jones Industrial Average plunged 1.63%, the S&P 500 declined 1.54%, and the Nasdaq Composite fell 1.63%.

Nvidia shares dropped 3%, while Advanced Micro Devices stock price fell 4.76% and Apple share price declined 2.41%. Constellation Energy stock jumped 25.16%, while Constellation Brands tanked 17.09%. Walgreens Boots Alliance stock price soared 27.55%

The Labor Department reported that US nonfarm payrolls increased by 256,000 jobs in December, the largest increase since March. The unemployment rate fell to 4.1%.

Investors are now turning their attention to the upcoming fourth-quarter earnings season, which begins this week with several major Wall Street banks reporting their results.

Domestic Market:

The domestic equity market closed with modest losses on Friday, weighed down by persistent FII selling and a weakening rupee. Concerns over subdued economic growth and expectations of a slowdown in quarterly earnings further dampened investor sentiment. While the IT sector rallied after strong TCS results, all other sectoral indices on the NSE declined. The S&P BSE Sensex declined 241.30 points or 0.31% to 77,378.91. The Nifty 50 index fell 95 points or 0.40% to 23,431.50.

GIFT Nifty:

The GIFT Nifty January 2025 futures contract is currently up 12 points, indicating a mildly positive start for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 7,170.87 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 7,639.63 crore in the Indian equity market on 9 January 2025, provisional data showed.

According to NSDL data, FPIs have sold shares worth Rs 15215.57 crore (so far) in the secondary market during January 2025. This follows their sale of shares worth Rs 2589.63 crore in December 2024.

Global Markets:

U.S. stock futures point to a weak open Friday, with the Dow Jones Industrial Average futures down 111 points. This follows persistent concerns over a slower pace of interest rate cuts in 2025, exacerbated by upcoming nonfarm payrolls data that could provide further insights into the economy. The upcoming earnings season, kicking off next week with major bank reports, adds another layer of uncertainty.

Asian indices largely declined Friday, concluding a volatile first full trading week of 2025. Investor sentiment remains fragile amid concerns over slower U.S. rate cuts and the possibility of a rate hike by the Bank of Japan.

Japanese stocks extended their losing streak to three days as stronger-than-expected wages and private spending data increased expectations of a potential BOJ rate hike in January.

Weak inflation data from China, released earlier this week, further dampened sentiment, compounded by speculation regarding potential trade tariffs against the country.

Regional markets mirrored losses in global markets, as hawkish signals from the Federal Reserve this week reinforced expectations of slower monetary easing in 2025.

The U.S. market was closed Thursday to honor the passing of former President Jimmy Carter.

Domestic Market:

The domestic equity benchmarks declined on Thursday, mirroring a cautious mood in the market as investors held their breath ahead of TCS' quarterly results. Adding to the jitters, concerns about a potential slowdown in U.S. interest rate cuts cast a shadow over the sentiment. The Nifty slipped below the 23,550 mark, painting a somber picture. With the lone exception of the NSE FMCG index, every sectoral index on the NSE ended up wearing shades of red, signaling a broad-based sell-off. The S&P BSE Sensex dropped 528.28 points or 0.68% to 77,620.21. The Nifty 50 index tumbled 162.45 points or 0.69% to 23,526.50.

GIFT Nifty:

The GIFT Nifty January 2025 futures contract is currently down 18 points, indicating a negative start for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 3,362.18 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,716.28 crore in the Indian equity market on 8 January 2025, provisional data showed.

According to NSDL data, FPIs have sold shares worth Rs 11478.62 crore (so far) in the secondary market during January 2025. This follows their sale of shares worth Rs 2589.63 crore in December 2024.

Global Markets:

The Dow Jones index futures were down 47 points, signaling a negative opening for U.S. stocks today. investors grappled with the prospect of slower interest rate cuts in 2025 while also speculating over increased trade tariffs under President-elect Donald Trump.

Asian shares traded mixed on Thursday as Wall Street investors remained cautious ahead of Friday's crucial jobs report, which will provide further insights into the state of the US labor market. Key economic data in Asia today will include China's inflation reading.

US markets are closed today for a national day of mourning to honor the passing of former President Jimmy Carter.

Wall Street indexes moved in a tight range on Wednesday after marking a weak start to 2025.

The S&P 500 rose 0.1% to 5,917.30 points on Wednesday, while the NASDAQ Composite fell 0.1% to 19,475.93 points. The Dow Jones Industrial Average rose 0.3% to 42,635.20 points.

Technology stocks weighed on Wall Street sentiment as investors booked profits after a strong 2024 performance. Market participants are now keenly awaiting the start of the fourth-quarter earnings season next week, with major banks set to release their results.

The minutes of the Federal Reserve's December meeting revealed that policymakers are increasingly inclined towards a slower pace of interest rate cuts this year, citing concerns about persistent inflationary pressures.

The minutes reiterated the central bank's hawkish stance, confirming a reduction in the projected number of rate cuts for 2025 from four to two. Some Fed officials expressed concerns that protectionist policies implemented under the Trump administration could continue to fuel inflation and hinder economic growth. The minutes highlighted the potential impact of "changes in trade and immigration policy" on the inflation outlook, suggesting that the fight against inflation may be more prolonged than initially anticipated.

Domestic Market:

The key equity benchmarks concluded Wednesday's trading session with minor losses. The Nifty index closed below the 23,700 mark after reaching an intraday high of 23,751.85. Sectors like energy, IT, and FMCG witnessed buying interest. Conversely, consumer durables, healthcare, and pharma stocks corrected. Investor sentiment was dampened by a cautious approach ahead of the upcoming earnings season. Additionally, concerns over a potential slowdown in U.S. interest rate cuts also weighed on market sentiment. The S&P BSE Sensex shed 50.62 points or 0.06% to 78,148.49. The Nifty 50 index lost 18.95 points or 0.08% to 23,688.95.

GIFT Nifty:

The GIFT Nifty January 2025 futures contract is currently up 90 points, indicating a positive start for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 1,491.46 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,615.28 crore in the Indian equity market on 6 January 2025, provisional data showed.

According to NSDL data, FPIs have sold shares worth Rs 10263.88 crore (so far) in the secondary market during January 2025. This follows their sale of shares worth Rs 2589.63 crore in December 2024.

Global Markets:

The Dow Jones index futures were up 65 points, signaling a positive opening for U.S. stocks today.

Asian stocks were mixed on Wednesday, with the yen weakening against a strong dollar. Traders anticipate the Federal Reserve will maintain a cautious approach to interest rate cuts, given recent data indicating a resilient U.S. economy and labor market.

Tuesday's data showed a rise in U.S. job openings alongside a slight slowdown in hiring, suggesting the labor market remains strong. This, coupled with stronger-than-expected purchasing managers' index data, has fueled concerns about persistent inflation.

Job openings, a measure of labor demand, rose 259,000 to 8.098 million by the last day of November, the Labor Department's Bureau of Labor Statistics said in its Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday. Meanwhile, U.S. services sector PMI increases to 54.1 in December from 52.1 in November.

These factors are expected to limit the Fed's ability to aggressively cut interest rates, aligning with the bank's recent cautious stance. The upcoming release of December's nonfarm payrolls data on Friday will provide further insights into the interest rate outlook.

US stock indices declined on Tuesday, driven by rising Treasury yields and concerns about inflation. The S&P 500 fell 1.1%, the Nasdaq Composite dropped 1.9%, and the Dow Jones Industrial Average slipped 0.4%.

Nvidia, a leading technology stock, experienced a significant decline on Tuesday despite announcing new products at the Consumer Electronics Show. While these innovations bode well for Nvidia's long-term growth, analysts noted a limited impact on the company's near-term prospects.

Domestic Market:

The domestic equity indices staged a rebound on Tuesday, ending with modest gains after two consecutive days of declines. The Nifty 50 index closed above the 23,700 mark, driven by gains in energy and metal stocks.

The S&P BSE Sensex gained 234.12 points or 0.30% to 78,199.11. The Nifty 50 index added 91.85 points or 0.39% to 23,707.90. In the previous two trading sessions, the Sensex and Nifty dropped by 2.18% and 1.99%, respectively.

GIFT Nifty:

The GIFT Nifty January 2025 futures contract is currently up 70.50 points, indicating a positive start for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 2,575.06 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 5,749.65 crore in the Indian equity market on 6 January 2025, provisional data showed.

According to NSDL data, FPIs have sold shares worth Rs 7184.28 crore (so far) in the secondary market during January 2025. This follows their sale of shares worth Rs 2589.63 crore in December 2024.

Global Markets:

The Dow Jones index futures were down 6 points, signaling a flat-to-negative opening for U.S. stocks today, with focus remaining on key nonfarm payrolls data due later in the week.

Most Asian stocks climbed on Tuesday, mirroring overnight gains in U.S. technology shares. However, Chinese markets lagged after the U.S. added two major tech companies to a blacklist.

Regional markets drew positive momentum from a robust Wall Street session, where technology stocks rebounded from a sluggish start to the year. NVIDIA Corporation, an AI leader, surged to a record high ahead of CEO Jensen Huang's keynote address at the Consumer Electronics Show in Las Vegas.

The S&P 500 advanced 0.55% on Monday, while the NASDAQ Composite soared 1.24%. The Dow Jones Industrial Average underperformed, edging down 0.06%. Despite these gains, Wall Street indices remain under pressure due to concerns over a potential slowdown in interest rate cuts in 2025, driven by persistent inflation and a robust labor market.

Domestic Market:

The headline equity benchmarks witnessed a sharp decline on Monday, with the Nifty plunging below the 23,650 mark after an early surge. The benchmark index, which had touched an intraday high of 24,089.95, succumbed to selling pressure across sectors, particularly in PSU banks, realty, and metals. The sudden downturn in sentiment was attributed to the unexpected news of three Human Metapneumovirus (HMPV) cases being detected in India.

The S&P BSE Sensex plunged 1,258.12 points or 1.59% to 77,964.99. The Nifty 50 index tumbled 388.70 points or 1.62% to 23,616.05.

GIFT Nifty:

The GIFT Nifty January 2025 futures contract is currently up 58 points, indicating a positive start for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 4,227.25 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 820.60 crore in the Indian equity market on 3 January 2025, provisional data showed.

According to NSDL data, FPIs have sold shares worth Rs 4309.93 crore (so far) in the secondary market during January 2025. This follows their sale of shares worth Rs 2589.63 crore in December 2024.

Global Markets:

The Dow Jones index futures were down 57 points, signaling a mildly negative opening for U.S. stocks today.

Asian equities traded mixed on Monday, following a positive close on Wall Street where major indices snapped a five-day losing streak, buoyed by renewed demand for technology stocks.

China's services sector expanded in December at the fastest pace in seven months, driven by robust domestic demand. The Caixin services PMI surged to 52.2, exceeding both market expectations of 51.4 and the November reading of 51.5.

In South Korea, a court dismissed an appeal by lawyers of impeached President Yoon Suk Yeol against an arrest warrant, according to a local media report Sunday.

Investor sentiment remains mixed after a turbulent end to 2024. While anticipated monetary policy easing and the potential of artificial intelligence to drive growth remain supportive factors, the threat of escalating US-China trade tensions could derail any market rally. Investors are also closely monitoring Beijing for further stimulus measures.

US tech stocks staged a strong rebound on Friday, recovering from the losses seen in the final week of 2024. Investors had capitalized on the year-end rally, a period often characterized by positive market movements known as the "Santa Rally."

On Friday, the Dow Jones Industrial Average rose 0.8% to 42,732.13, the S&P 500 gained 1.3% to 5,942.47, and the NASDAQ Composite surged 1.8% to 19,621.68.

This week will feature a shortened trading schedule as the New York Stock Exchange will be closed on Thursday to honor the passing of former President Jimmy Carter.

The minutes from the Federal Reserve's December 17-18 meeting, scheduled for release on Wednesday, will provide further insights into the Fed's interest rate outlook. Recent statements have indicated a more cautious approach to rate cuts this year due to persistent inflation and a resilient economy.

The US December jobs report is due on Friday.

Domestic Market:

The domestic equity indices witnessed a sharp decline on Friday, ending a two-day winning streak. After a flat opening, the Nifty traded within a narrow range before closing near its intraday low at 24,005 points. The sell-off was primarily driven by weakness in IT, pharma, and banking stocks. Investors displayed caution ahead of the upcoming Q3 earnings season, which is set to begin next week. However, sectors such as media, oil & gas, and consumer durables bucked the trend and witnessed strong demand.

The S&P BSE Sensex dropped 720.60 points or 0.90% to 79,223.11. The Nifty 50 index slipped 183.90 points or 0.76% to 24,004.75.

GIFT Nifty:

The GIFT Nifty January 2025 futures contract is currently up 37 points, indicating a positive start for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) bought shares worth Rs 1,506.75 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 22.14 crore in the Indian equity market on 2 January 2025, provisional data showed.

According to NSDL data, FPIs have sold shares worth Rs 5965.31 crore (so far) in the secondary market during January 2025. This follows their sale of shares worth Rs 2589.63 crore in December 2024.

Global Markets:

The Dow Jones index futures were up 55 points, signaling a strong opening for U.S. stocks today.

Asian equities defied the gloomy sentiment on Wall Street on Friday, where US stocks extended their losing streak to a fifth consecutive day. Equity trading in Japan is closed for a holiday. Chinese stocks are under scrutiny after their worst start to the year since 2016.

US stocks declined on Thursday, erasing early gains following a series of security incidents across the United States in recent days. The Dow Jones Industrial Average shed 156 points, or 0.4%, while the S&P 500 index lost 10 points, or 0.2%, and the NASDAQ Composite dipped by 30 points, or 0.2%.

Investors are closely monitoring the US House Speaker vote on Friday to determine if Mike Johnson will retain his position. Internal disagreements within the Republican party regarding his reelection could potentially hinder the agenda of the President-elect.

Tesla shares plummeted over 6% after the EV manufacturer reported a record number of vehicle deliveries in the fourth quarter, as announced on Thursday. However, these deliveries fell short of consensus expectations.

Apple is offering discounts on its latest iPhone models in China, an unusual move that signifies escalating competition from domestic rivals in the world's largest smartphone market. As a result, the company's shares declined by nearly 3% on Thursday.

Domestic Market:

Domestic equity indices surged on Thursday, driven by strong auto sales figures. The Nifty closed above the 24,150 mark, with auto, IT, and consumer durables sectors leading the rally. The S&P BSE Sensex soared 1,436.30 points or 1.83% to 79,943.71. The Nifty 50 index jumped 445.75 points or 1.88% to 24,188.65.

GIFT Nifty:

The GIFT Nifty January 2025 futures contract is currently down 30 points, indicating a negative start for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 1,782.71 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,690.37 crore in the Indian equity market on 1 January 2025, provisional data showed.

According to NSDL data, FPIs have sold shares worth Rs 5351.85 crore (so far) in the secondary market during January 2025. This follows their sale of shares worth Rs 2589.63 crore in December 2024.

Global Markets:

The Dow Jones index futures were up 110 points, signaling a strong opening for U.S. stocks today.

Asian stocks began the New Year on a cautious note on Thursday after an inauspicious end to an otherwise stellar 2024 for global equity investors.

Singapore's gross domestic product (GDP) rose 0.1% in the three months to December 31, advance government data showed on Thursday. The reading slowed sharply from the 3.2% seen in the prior quarter.

The US market was closed on Wednesday for New Year's Day.

Domestic Market:

The domestic equity indices closed with moderate gains on the first trading day of 2025. The Nifty surpassed the 23,700 mark after an initial dip to 23,562.80. Buying activity was observed across sectors, with notable strength in autos, media, and consumer durables. The S&P BSE Sensex rose 368.40 points or 0.47% to 78,507.41. The Nifty 50 index added 98.10 points or 0.41% to 23,742.90.

GIFT Nifty:

The GIFT Nifty January 2025 futures contract is currently up 6.50 points, indicating a mildly positive start for the Nifty 50.

Economy:

India’s fiscal deficit reached Rs 8.5 lakh crore in the first eight months of the fiscal year (April-November), representing 52.5% of the budgeted target, according to government data released on December 31st. This exceeds the deficit recorded during the same period in the previous fiscal year, which stood at 50.7%.

Capital expenditure, though improving, lagged behind last year's pace. At Rs 5.13 lakh crore, it amounted to 46.2% of the budgeted target of Rs 11.1 lakh crore, compared with 58.5% achieved in the corresponding period of the previous fiscal year. Overall government spending reached 60.1% of the budgeted target, slightly higher than the 59% recorded in the previous year.

Revenue receipts fell short of last year's levels. Net tax revenue collection stood at 55.9%, lower than the corresponding figure in the previous year.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 4,645.22 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 4,546.73 crore in the Indian equity market on 31 December 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 2589.63 crore in the secondary market during December 2024. This follows their sale of shares worth Rs 39315.78 crore in November 2024.

Global Markets:

Asian markets were shut for a New Year holiday, while the US stock market ended lower overnight in a low-volume session.

At the close in NYSE, the Dow Jones Industrial Average fell 0.07%, while the S&P 500 index lost 0.43%, and the NASDAQ Composite index declined 0.9%.

Tesla stock gave up gains to close 3.2% lower. Chinese state news agency Xinhua reported that the company's energy storage gigafactory in Shanghai has entered trial production, just seven months after construction began, with full-scale production expected to commence early next year.

The US market is closed on Wednesday for New Year's Day.

Domestic Market:

The domestic equity indices ended Tuesday with modest losses, marking the second consecutive day of negative trading. The Nifty 50 index closed below the 23,650 level, having reached an intraday high of 23,689.85 in the afternoon session. The market was weighed down by weakness in IT stocks. However, gains in sectors such as pharma, PSU banks, and oil and gas offered some support. Investor sentiment remained cautious amid a strengthening US dollar and continued FII selling as the year draws to a close. The S&P BSE Sensex declined 109.12 points or 0.14% to 78,139.01. The Nifty 50 index ended almost flat at 23,644.80.

GIFT Nifty:

The GIFT Nifty January 2025 futures contract is currently down 40 points, indicating a negative start for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 1,893.16 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,173.86 crore in the Indian equity market on 30 December 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 895.82 crore (so far) in the secondary market during December 2024. This follows their sale of shares worth Rs 39315.78 crore in November 2024.

Global Markets:

Asian shares retreated on the final trading day of the year, mirroring a third consecutive day of losses on Wall Street, primarily driven by weakness in the technology sector.

China's manufacturing Purchasing Managers' Index (PMI) dipped to 50.1 in December, according to the National Bureau of Statistics, slightly below the 50.3 recorded in November.

US stocks concluded Monday with losses, signaling a subdued end to a year of robust performance on Wall Street. The S&P 500 declined 1.1%, the Dow Jones Industrial Average shed 1%, and the NASDAQ Composite fell 1.2%.

Boeing shares fell more than 2% after a devastating air accident in South Korea claimed the lives of 179 people on Sunday when a passenger plane crash-landed at Muan International Airport.

Later this week, investors will closely examine the Institute for Supply Management's manufacturing activity survey for December and the weekly report on jobless claims. These data points will precede the crucial employment report scheduled for the following week.

Domestic Market:

The domestic equity indices dipped on Monday, with the Nifty index closing below 23,650 after reaching an intraday high of 23,915.35. Healthcare and pharma stocks outperformed, while media, real estate, and automotive stocks declined. Investor sentiment was dampened by sustained foreign investor outflows, mixed global signals, and a weakening rupee. The S&P BSE Sensex declined 450.94 points or 0.57% to 78,248.13. The Nifty 50 index fell 168.50 points or 0.71% to 23,644.90.