Indian indices Sensex and Nifty 50 started the year flat, with the Sensex closing at 85,188.60 and Nifty at 26,146.55.
Global sentiment is pressured by US extending sanctions on entities from Venezuela, Hong Kong, and China, alongside crude oil prices rising to 61.07 dollars.
Domestic markets face headwinds as Foreign Institutional Investors turned net sellers, offloading equities worth 3,268.60 crore Rs on January 1.
Stock Market Cues: US Sanctions, Mixed Handover, Crude Oil Prices And Other Factors Set To Affect Trade
On January 1, the headline indices finished flat. The BSE Sensex finished the session with a decline of 32 points or 0.04 per cent at 85,188.60 levels. The Nifty 50 closed at 26,146.55 up by 16.95 points or 0.06 per cent.
Summary
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Stock Market Cues: The second day of trade of the calendar year is set to begin amid investor sentiment remaining cautious and constructive. Stock market investors are set to factor in the effect of a mix of domestic sector-specific triggers and stabilizing global cues.
On January 1, the headline indices finished flat. The BSE Sensex finished the session with a decline of 32 points or 0.04 per cent at 85,188.60 levels. The Nifty 50 closed at 26,146.55 up by 16.95 points or 0.06 per cent.
Stock Market Cues For Today
On January 2, the imposition of US sanctions, surges in crude oil and precious metal prices along with foreign institutional investor (FII) flows are set to impact investor sentiment on D-street:
US Sanctions
US President Donald Trump increased pressure on Venezuela’s oil exports. The US imposed fresh sanctions on companies operating out of Hong Kong and China. The US Treasury’s Office of Foreign Assets Control has sanctioned four firms Corniola, Aries Global Investment, Krape Myrtle Co and Winky International.
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Crude Oil Prices Today
On January 2, crude oil prices traded marginally higher as the price of West Texas Intermediate crude traded was around $57.64 up by $0.22 or 0.38 per cent. The price of Brent Crude was around $61.07 up by $0.22 or 0.36 per cent in the early hours of the day.
Gold Prices On January 2
Physical gold prices edged upwards in the early hours of January 2 as the price of 24 karat gold was Rs 13,507 per gram, the price of 22 karat purity gold was around Rs 12,381 per gram and the price of 18 karat gold was around Rs 10,130 per gram.
FII Inflows
FIIs turned net sellers of Indian equities on January 1 selling Indian equities worth Rs 3,268.6 crore. On the other hand, Domestic Institutional Investors continued to remain net buyers purchasing Indian equities worth Rs 1,525.89 crore.
Asian Indices Trade Mixed
On January 2, major Asian indices traded higher, the Hang Seng, KOSPI and the Shanghai Composite index traded with gains of 2.39 per cent, 1.31 per cent and 0.09 per cent respectively. On the other hand the Nikkei 225 traded with a dip of 0.37 per cent in the early hours of the day.
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Mixed Handover
On December 31, U.S indices such as Dow, S&P 500, and Nasdaq finished the final session of 2025 in the red. However, early U.S. futures are showing a positive start for the new year.
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