Global markets are suggesting Nigative signals, so our Indian markets are likely to start with a “Gap-Down” opening today.
Global Cues:
U.S. Markets: The U.S. stock markets rebounded from a five-day losing streak on Friday, providing a positive signal for global investors.
Domestic Cues:
Profit Booking: On January 3, 2025, the Nifty 50 closed at 24,004.75, down 0.76%, and the Sensex declined by 0.90% to 79,223.11, indicating profit booking by investors.
Quarterly Results: The upcoming quarterly earnings season, starting with Tata Consultancy Services on January 9, is expected to influence market sentiment.
* After a three-day rally, the markets experienced a pullback, dropping more than half a percent on Friday.
NTPC Green Energy has successfully bid for a 1000 MW solar power project from UPPCL, with a competitive tariff of Rs 2.56/kWh, although the Letter of Award is still pending.
* The company is also involved in broader renewable energy initiatives, including a recent MoU with the Government of Bihar for various renewable projects.
Standard Glass Lining Technology has launched its IPO worth Rs 1,250 crore, with a price band set between Rs 133-140 per share and a strong GMP indicating a 69% premium.
Oil prices are currently at their highest levels since October 2024, driven by colder weather in the Northern Hemisphere and economic stimulus measures from China.
Gold prices are stable as investors await key U.S. economic data, including the jobs report and ADP hiring data, which will influence the Federal Reserve’s interest rate decisions.
