Global markets are suggesting Negative signals, so our Indian markets are likely to start with a “Gap-Down” opening today.
Indian benchmark indices, including the S&P BSE Sensex and Nifty, ended lower on Monday, with the Sensex declining by 450.94 points or 0.57%.
* The decline was primarily driven by losses in banking and automobile stocks, indicating a negative sentiment in these sectors.
* The GIFT Nifty also signaled a negative start, reflecting broader market concerns in Asia.
Wall Street ended in negative territory, influencing a gap-down start for the Indian markets, with the Sensex and Nifty 50 expected to open lower on December 31.
JSW Energy’s acquisition of 02 Power for Rs 12,468 crore is expected to influence investor sentiment positively amidst thin trading volumes.
Indo Farm Equipment has launched its IPO, which opened for subscription on December 31 and will close on January 2, comprising a fresh issue of 86 lakh equity shares and an offer for sale of 35 lakh shares.
* The price band for the IPO is set between Rs 204-215 per share, with a good market premium indicated by a GMP of Rs 75-80, suggesting a 35% premium over the issue price.
Bitcoin’s year-end surge has lost momentum, closing at $94,000, down from a peak of $106,000 earlier this month amid regulatory discussions.
* Oil prices have risen due to China’s expanded manufacturing activity in December, with Brent crude futures at $74.46 and WTI at $71.48.
