Global markets are suggesting Mixed signals, so our Indian markets are likely to start with a “Flat” opening today.
Foreign Institutional Investors (FII): Net buyers of Indian shares worth Rs 1506 crore.
Domestic Institutional Investors (DII): Net buyers up to the tune of Rs 22 crore.
The GIFT Nifty indicates a weak start for Indian markets, with Nifty futures trading at 24,191.50.
* Wall Street closed lower amid choppy trading, influenced by solid labor market data and a rising dollar, which may impact global market sentiment.
US markets experienced a decline with the Dow Jones falling by 0.36% and the S&P 500 losing 0.22%, reflecting investor concerns amid mixed economic signals.
* Tesla shares contributed to the downward pressure on the market, indicating specific sector vulnerabilities.
* Indo Farm Equipment’s IPO share allotment is expected to be finalized soon, with shares anticipated to list on January 7.
* The IPO received a massive subscription of 227 times, indicating strong investor interest, particularly from non-institutional investors who subscribed 501.65 times.
Oil prices have reached their highest levels in over two months, driven by expectations of government policies aimed at stimulating economic growth and increasing fuel demand.
The dollar is experiencing its best weekly performance in over a month, driven by expectations of fewer Federal Reserve rate cuts and a strong U.S. economy, reaching a two-year high.
