{"id":21128,"date":"2025-01-08T09:44:53","date_gmt":"2025-01-08T04:14:53","guid":{"rendered":"https:\/\/www.fintoo.in\/blog\/?p=21128"},"modified":"2025-01-08T09:44:54","modified_gmt":"2025-01-08T04:14:54","slug":"market-morning-notes-for-8th-january-2025","status":"publish","type":"post","link":"https:\/\/blog.fintoo.in\/blog\/market-morning-notes-for-8th-january-2025\/","title":{"rendered":"Market Morning Notes For 8th January 2025"},"content":{"rendered":"\n

Market Commentary<\/h2>\n\n\n\n

Global markets<\/strong> – The US indices slipped on Tuesday as strong economic data fuelled fears of an inflation rebound, potentially slowing the Fed’s monetary easing. Dow closed lower by 0.4 pct while Nasdaq fell 1.4 pct.<\/p>\n\n\n\n

Global Indices<\/strong><\/td>  % Change<\/strong><\/strong><\/td><\/tr>
 <\/td>Last Close<\/strong><\/strong><\/td>1 day<\/strong><\/strong><\/td>YTD<\/strong><\/strong><\/td><\/tr>
Dow Jones<\/td>42,528<\/td>-0.4<\/td>0.0<\/td><\/tr>
Nasdaq<\/td>19,489<\/td>-1.9<\/td>0.9<\/td><\/tr>
Hang Seng<\/td>19,231<\/td>-1.1<\/td>-4.1<\/td><\/tr>
Nikkei<\/td>39,942<\/td>-0.4<\/td>0.1<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Commodities<\/strong> – Gold trading steady at USD 2,648 as Strong US Dollar Weighs. On the other hand, oil prices gain amid signs of declining US crude inventories., Brent crude gained stood at 77.24.<\/p>\n\n\n\n

Commodities                                                              % Change<\/strong><\/strong><\/td><\/tr>
 <\/td>Last Close<\/strong><\/strong><\/td>1 day<\/strong><\/strong><\/td><\/tr>
Gold ($)<\/td> 2,648<\/td>0.0<\/td><\/tr>
Silver ($)<\/td>30.01<\/td>0.2<\/td><\/tr>
Brent Crude ($)<\/td>77.24<\/td>0.2<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
Moving Averages<\/strong><\/strong><\/td><\/tr>
 <\/td>Nifty 50<\/strong><\/strong><\/td>Nifty Bank<\/strong><\/strong><\/td><\/tr>
50 DMA<\/td>24,115<\/td>51,805<\/td><\/tr>
100 DMA<\/td>24,618<\/td>51,759<\/td><\/tr>
200 DMA<\/td>23,907<\/td>50,688<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Asian markets<\/strong> – Asian markets trading lower following global market. Hang Seng slipped 1.1 pct While Nikkei trading lower by 0.4 pct.<\/p>\n\n\n\n

Indian Indices<\/strong> – India’s equity benchmarks are likely to open with tepid note as GIFT Nifty indicates. Benchmark Indices recovered on Tuesday as HMPV Worries Subsdie.<\/p>\n\n\n\n

Indian ADRs: Infosys (0.5%), ICICI Bank (0.5%) and Dr Reddy’s (-0.1%).<\/p>\n\n\n\n

Indian Market<\/strong><\/strong><\/td>  % Change<\/strong><\/strong><\/td><\/tr>
 <\/em><\/em><\/td>Last Close<\/strong><\/strong><\/td>1 day<\/strong><\/strong><\/td>YTD<\/strong><\/strong><\/td><\/tr>
Sensex<\/td>78,199<\/td>0.3<\/td>0.1<\/td><\/tr>
Nifty<\/td>23,707<\/td>0.4<\/td>0.3<\/td><\/tr>
Nifty Bank<\/td>50,202<\/td>0.6<\/td>-1.2<\/td><\/tr>
Nifty Midcap 100<\/td>56,869<\/td>0.9<\/td>-0.6<\/td><\/tr>
Nifty Smallcap 100<\/td>18,673<\/td>1.3<\/td>-0.5<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
Institutional Activity<\/strong><\/strong><\/td>                  Rs crore<\/strong><\/strong><\/td><\/tr>
 <\/em><\/em><\/td>Cash<\/strong><\/strong><\/td>YTD<\/strong><\/strong><\/td><\/tr>
FII<\/td>-1491<\/td>-8570<\/td><\/tr>
DII<\/td>1615<\/td>9898<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

\u00a0\u00a0Stocks to watch<\/h2>\n\n\n\n

Positive Read through<\/strong><\/p>\n\n\n\n