Market Today: Indian benchmark indices Sensex and Nifty are likely to open with losses on January 13. GIFT Nifty is trading with weakness around 23,338. The Indian market fell during a highly volatile session on January 10. In which Nifty had fallen below 23,350. The reason for this was selling in all sectors. Only IT stocks had gained momentum. TCS’s better-than-expected third quarter results had boosted IT stocks. At the end of trading, Sensex was down 241.30 points or 0.31 per cent at 77,378.91 and Nifty was down 95 points or 0.40 per cent at 23,431.50.
gift nifty
GIFT Nifty is trading weak. This is a sign of a negative start to the day. Nifty futures are trading at the level of 23,338. At present, Gift Nifty is seen at the level of 23,309 with a decline of 20 points or 0.09 percent.
Asian market
Weak trading is being seen in Asian stocks. Nikkei is closed today. At the same time, Strait Times is showing a weakness of 0.27 percent. Hangseng also has a weakness of 1.61 percent. Taiwan’s market is trading with a decline of 1.52 percent. Kospi is showing a weakness of 0.96 percent. Whereas Shanghai Composite sees a decline of 0.41 percent.
US market
There was a sell-off in American stocks on Friday. The S&P 500 wiped out all of its 2025 gains. The strong jobs report fueled new inflation fears, reinforcing speculation that the Federal Reserve may take a cautious approach in cutting interest rates this year. Wall Street’s main indexes closed in the red for the second consecutive week. The Dow Jones Industrial Average fell 696.75 points, or 1.63%, to 41,938.45, the S&P 500 fell 91.21 points, or 1.54%, to 5,827.04 and the Nasdaq Composite dropped 317.25 points, or 1.63%, to 19,161.63.
Nifty Strategy for Today: As long as it is below 23567-23632, the sell on rise strategy will work.
US bond yield
In early trading on Monday, US 10-year Treasuries rose 149 bps to 4.75 per cent, and 2-year Treasuries rose 270 bps to 4.37 per cent.
dollar index
An unexpected rise in Treasury yields has strengthened the dollar. At present the dollar index is seen at the level of 109.66.
asian currency
Asian currencies remained weak against the US dollar in early trade on Monday. On a year-to-date basis, each except the Philippines peso and Thai baht declined by more than 1 percent.
fund flow action
Foreign institutional investors (FIIs) remained net sellers for the sixth consecutive day as they sold equities worth Rs 2,254.68 crore on January 10, while domestic institutional bought equities worth Rs 3,961.92 crore on the same day.