Stock Market Cues: Q3FY26 Earnings, US-Venezuela Conflict, Gold Prices, And Other Factors Set To Affect Trade

Stock Market News: On January 7, the headline indices are likely to start the session on a negative note with the Gift Nifty trading marginally lower at 26,206.00, down by 16.5 points or 0.06 per cent. Notably, the Gift opened in the red around the 26,211.50 level.

On January 6, the headline indices finished lower. The Sensex closed around the 85,063.34 level, down by 0.44 per cent or 376.27 points. On the other hand, the Nifty finished around 26,175.60, down by 0.28 per cent or 74.7 points.

Stock Market Cues For Today

On January 7, the announcement of earnings for Q3FY26, fluctuations in gold and silver prices, crude oil prices, and foreign institutional investor (FII) flows are expected to impact market sentiment on D-street.

Trump’s Tariff Warning

Earlier on January 5, US President Donald Trump warned that tariffs on Indian imports could be increased if India fails to cooperate on the “Russian oil issue”, according to a report by news agency Reuters. In 2025, the United States doubled tariffs on Indian goods to 50 per cent as punishment for India’s purchase of Russian oil. The threat itself and any further commentary on the issue from Washington or New Delhi are expected to keep the energy sector volatile.

US-Venezuela Conflict

The capture of Nicolás Maduro by US forces on January 3 introduced a "risk-off" sentiment globally. The event has led to a hike in uncertainty, any potential disruption to the global supply of crude oil, or shifts in U.S. foreign policy, expected to impact Oil Marketing Companies in India and the overall economy as well due to the reliance on crude oil as a source of energy.

Crude Oil Prices Today

Crude oil prices declined in the early hours of January 7 as the price of West Texas Intermediate was around $56.39, down by $0.73 or 1.28 per cent. The price of Brent Crude was around $60.13, down by $0.56 or 0.92 per cent in the early hours of the day.

Gold Prices On January 7

On January 6, gold prices extended gains in the international market on the back of safe-haven demand amid the US capture of Venezuela's president. Spot gold prices finished around $4,497.34 per troy ounce, up by 1.1 per cent. Physical gold prices in India inched upwards in the early hours of January 7 as the price of 24 karat gold was Rs 13,883 per gram, the price of 22 karat purity gold was around Rs 12,726 per gram, and the price of 18 karat gold was around Rs 10,413 per gram.

Q3 Results

Companies such as Galaxy Agrico, Mahesh Developers, and Premier Energies are set to announce their Q3FY26 results today. However, stocks such as Titan, Godrej Consumer, and Jubilant FoodWorks are also expected to remain in focus ahead of their upcoming reports.

FII Outflows

FIIs turned net sellers of Indian equities on January 6, selling _Indian equities worth Rs 107.63 crore. On the other hand, Domestic Institutional Investors continued to remain net buyers, purchasing Indian equities worth Rs 1,749.35 crore.

Asian Indices Trade Mixed

On January 7, major Asian indices traded mixed in the early hours of the session. The Nikkei 225 and the Hang Seng traded with declines of 0.57 per cent and 0.88 per cent, respectively. On the other hand, the KOSPI and the Shanghai Composite traded higher by 1.29 per cent and 0.14 per cent,Q respectively.

US Markets

US market indices ended the session in the green on January 6. The Nasdaq Composite closed with gains of 0.65 per cent. On the other hand, the S&P 500 and the Dow Jones Industrial Average (DJIA) closed higher by 0.62 per cent and 0.99 per cent, respectively.