Indian stock market: 10 key things that changed for the market over the weekend – Nifty, US dollar gift to crude oil prices

Indian Stock Market: Domestic equity market indices, Sensex and Nifty 50 are expected to open with losses on Monday, given mixed signals from global markets.

Asian markets traded flat today amid selling in technology stocks, while US stock markets closed with losses on Friday.

This week investors will keep an eye on major stocks stock market triggerIncluding the next set of Q3 results, Union Budget 2025, expiry of January derivatives contracts, US Federal Reserve interest rate decision, auto sales data, domestic and global macroeconomic data, foreign fund inflows, trends in crude oil prices and other key Global markets are included. Signal

The Indian stock market closed with a decline on Friday amid profit booking after a two-day recovery rally.

Sensex It closed 329.92 points or 0.43% lower at 76,190.46, while the Nifty 50 fell 113.15 points or 0.49% at 23,092.20.

“Domestic equities are expected to trade in a broad range with some volatility amid the third quarter results season, US President Trump’s economic policies and the Union Budget unfolding. PSUs and capex themed stocks like railways, defence, capital goods will be in focus ahead of the Budget,” said Siddharth Khemka, head – research, wealth management, Motilal Oswal Financial Services Ltd.

Here are the key global market cues for Sensex today:

Asian market

Asian markets traded flat ahead of key economic data from China. Japan’s Nikkei 225 rose 0.03, while the Topix gained 0.62%. Hong Kong’s Hang Seng index futures indicated a higher start. Taiwanese and South Korean markets were closed for holidays.

Give a nifty gift today

GIFT Nifty was trading around 22,970 levels, a discount of about 143 points from the previous close of Nifty futures, indicating the beginning of a gap-down for the Indian stock market indices.

wall Street

The US stock market closed lower on Friday, led by technology stocks amid mixed economic data and earnings reports.

The Dow Jones Industrial Average fell 140.82 points, or 0.32%, to 44,424.25, while the S&P 500 fell 17.47 points, or 0.29%, to 6,101.24. The Nasdaq Composite fell 99.38 points, or 0.50%, to 19,954.30.

Nvidia’s stock price fell 3.1%, Microsoft’s stock price fell 0.6%, and Tesla’s stock fell 1.4%. American Express shares fell 1.4%, while Boeing’s share price dropped 1.4%. NextEra Energy Inc. shares rose 5.2%, while Texas Instruments shares fell 7.2%.

US Home Sales

Sales of existing homes in the US rose to a 10-month high in December. Home sales rose 2.2% last month to a seasonally adjusted annual rate of 4.24 million units, the highest level since February. Economists polled by Reuters had forecast home resales would rise to a rate of 4.19 million units.

US consumer sentiment

US consumer sentiment weakened in January for the first time in six months. The University of Michigan said its consumer sentiment index fell to 71.1 this month from preliminary readings of 73.2 and 74.0 in December. Economists polled by Reuters had expected an unchanged reading.

oil prices

Crude oil prices fell after US sanctions and tariffs highlighted the risks to the global economy and trade. Brent crude oil fell 1.03% to $77.69 a barrel, while US West Texas Intermediate (WTI) crude futures fell 1.13% to $73.82.

dollar

The US dollar fell on Friday, its biggest weekly loss in the past year. The US dollar fell as much as 0.8% against a basket of currencies on Friday, before paring losses to 0.65% to end the day. The dollar fell 1.8% last week, its worst week since November 2023.

gold prices

Gold prices rose more than 1% on Friday amid a weaker dollar and closed at their all-time high in October. Spot gold was up 0.7% at $2,772.79 an ounce, while US gold futures were up 0.5% at $2,778.90 an ounce.

foreign exchange reserves

India’s foreign exchange reserves continued to decline for almost four months and reached an 11-month low. India’s foreign exchange reserves declined by $ 1.88 billion to $ 623.983 billion in the week ending January 17. Reserves are now 10% below peak.

ICICI Bank Q3 Results

ICICI Bank gave a report standalone net profit Of Q3FY25 reported Rs 11,792 crore, a growth of 14.8% YoY, while its net interest income (NII) grew by 9.1% YoY. 20,371 crores. The private lender’s net interest margin (NIM) declined to 4.25% from 4.43% year-on-year. Asset quality was stable sequentially.

(With inputs from Reuters)

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