The GIFT Nifty rose by 80 points or 0.34%, suggesting a flat to cautious opening for the Indian markets today. As of 8:14 am, the index stood at 23,774. Traders will monitor the FY25 GDP advance estimates closely, which are expected to show economic growth slowing to 6.4%, below the Reserve Bank of India’s forecast of 6.6%.
In the previous session, the Sensex gained 234.12 points to close at 78,199.11, while the Nifty50 rose 91.85 points to end at 23,707.90. However, foreign institutional investor (FII) outflows and US market weakness continue to weigh on sentiment.
Companies Announcing Results Today
Transformers and Rectifiers (India), Reliance Home Finance, Adarsh Mercantile, and Vivid Mercantile are set to announce their quarterly earnings today.
Mixed Performance in Asia-Pacific Markets
Asian markets displayed mixed trends as Japan’s Nikkei 225 and Topix declined by 0.33% and 0.56%, respectively. Meanwhile, South Korea’s Kospi climbed 1.13%, and Australia’s S&P/ASX 200 rose 0.55%. China’s Hang Seng Index fell 0.54%, and the CSI 300 dropped 0.94%.
Key Meeting Ahead of Union Budget
Ahead of the Union Budget 2025-26, the Department of Financial Services will meet with public sector bank MDs and CEOs on January 15 to review financial inclusion progress and funding requirements, ensuring alignment with fiscal priorities.
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