Summary of this article
Iran protests, Denmark's warning to Trump over Greenland takeover threats, and US-Venezuela tensions are in focus
US non-farm payroll and unemployment rate is set to release today, key data which could influence US Fed's policy decisions
China’s CPI inflation rose to 0.80 per cent in December, fastest in 34 months
Crude oil prices extended gains in early trade after a near 4 per cent rally in the previous session
Gold and silver rate surged today amid a mix of geopolitical unrest across the globe
The rupee opened marginally stronger at 89.83 against the US dollar
The D-Street on January 9 is likely to react to a mix of ongoing geopolitical unrest across the globe and a few key US economic data due for release later today.
In the previous session, the Sensex fell 0.92 per cent to close at 84,180.96, while the Nifty 50 declined 1.01 per cent to end at 25,876.85.
The broader market indices witnessed even stronger selling pressure, with the Nifty Midcap 100 and the Nifty Smallcap 100 closing nearly 2 per cent lower each. All sectoral indices ended the day in red, with Nifty Metal falling about 3.40 per cent, emerging as the top sectoral loser.
Stock Market Cues To Watch On Jan 9
Following are the key opening cues likely to influennce action on the D-Street on January 9, 2026:
Iran Internet Blackout And Trump’s Threat
US President Donald Trump on January 8 warned Iran of “very hard” action if its authorities resort to killing protesters, saying, “if they start killing people… we are going to hit them very hard.” His comments come amid widening unrest in Iran, where a worsening economic crisis has sparked nationwide protests, including in Tehran. The demonstrations followed a call by exiled Crown Prince Reza Pahlavi. As protests intensified, authorities imposed a near-total internet and telephone blackout, while the death toll rose after nearly two weeks of unrest.
Denmark’s Warnings To Trump on Greenland’s Takeover Threat
Denmark has reportedly instructed its troops to be ready to “shoot first, ask questions later” if the US attempts to forcibly seize Greenland, amid renewed takeover threats by Trump. Earlier on January 8, Denmark and Greenland envoys met US National Security Council officials to push back against Trump’s call to acquire the strategic Arctic island, a territory under Denmark’s jurisdiction.
US-Venezuela Tensions
In a latetst development on the ongoing US-Venezuela tensions, the US Senate voted to advance a war powers resolution seeking to limit Trump’s ability to launch further military action against Venezuela without congressional approval. The vote comes after Trump, in an interview with The New York Times, said the US could “run Venezuela” and oversee its oil resources for years following the capture of President Nicolás Maduro.
China Inflation Rises
China’s consumer price index (CPI)-based inflation rose to 0.80 per cent in December 2025, the fastest in 34 months, led by higher food prices. However, full-year CPI fell to its lowest level in 16 years as demand stayed weak.
US Non-Farm Payrolls
The US Bureau Of Labor Statistics (BLS) is set to release non-farm payrolls data for December 2025 later today. Market participants will be tracking the much-awaited monthly report as it provide cues on the strength of labour market in the world's largest economy, which is one of the key inputs for the Federal Reserve's (Fed) policy decisions. The data also has the potential to trigger sharp moves in equities, treasury yields, and the US dollar.
US Unemployment Rate
The US BLS is also set to release unemployment rate for December 2025 later today. Any unexpected change in the unemployment rate could further shape US Fed's policy expectations and influence price action across equities, treasury yields, and the US dollar.
US Stock Market
Benchmark indices on the Wall Street fell overnight, dragged by technology stocks. However, defence stocks provided some support after Trump's call for a mammoth $1.5 trillion military budget.
At close, the Dow Jones was up 0.55 per cent, the S&P 500 remained unchanged, while the tech-heavy Nasdaq Composite was down 0.44 per cent, from their respective previous closings.
Asian Stock Market
Asian stock market's main indices traded largely higher in early trade today.
At the time of writing, Japan's Nikkei 225 was up more than 1 per cent, South Korea's Kospi traded higher by 0.65 per cent, China's CSI was up by 0.50 per cent, while the Hong Kong-based Hang Seng and Australia's ASX traded flat-to-negative.
Gold And Silver Rate Today
Gold and silver rate today surged amid a mix of the abovementioned geopolitical unrest across the globe.
On the Multi Commodity Exchange (MCX), at the time of writing, February gold futures traded up by 0.21 per cent to Rs 1,38,030 per 10 grams. The March silver futures was up by nearly 1 per cent at Rs 2,45,590 per kilogram around the same time.
Crude Oil Price Today
Crude oil prices extended gains in early trade today after a near 4 per cent rally in the previous session. At the time of writing, March Brent futures were up 0.76 per cent at $62.46 a barrel, while February WTI crude rose 0.76 per cent to $58.20 a barrel.
Rupee, US Dollar Index
The rupee opened marginally stronger at 89.83 against the US dollar and moved in a narrow band of 89.80–90.03 in early trade. Meanwhile, the US dollar index was largely flat, trading up 0.01 per cent at 98.70, offering little directional cue to domestic currency markets.
