GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 are poised to see a lower start on Monday despite Asian markets opening on a higher note in early trade hours. 

Previously, on Friday, the NSE Nifty 50 closed the session 113.15 points or 0.49% lower at 23,092.20, while the BSE Sensex closed 329.92 points or 0.43% lower at 76,190.46.

Asia markets were trading on a higher note on Monday Japan’s Nikkei 225 was trading 0.55% higher at open. Topix advanced 0.92%. However, the Asia Dow was trading 0.05% lower at 3,760.06. The Chinese benchmark index Shanghai Composite was trading flat at 3,252.63. 

US indices closed Friday on a lower note on the back of profit-taking. The S&P 500 closed the session 0.3% lower at 6,101.24. The technology-heavy Nasdaq Composite dipped 0.5% to close the session at 19,954.30. The 30-stock Dow Jones Industrial Average fell 140.82 points or 0.3% to close at 44,424.25.

The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was up 0.08% at 107.56 on Monday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. Also, the Indian rupee closed at 86.21 against the US Dollar on Friday.

WTI crude prices were trading at $73.83 down by 1.11%, while Brent crude prices were trading at $77.64 down by 1.08%, on Monday morning. 

Foreign institutional investors (FII) were the net sellers of shares net worth Rs 2,758.49 crore. Meanwhile, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 2,402.31 crore on January 24, 2024, according to the provisional data available on the NSE.

Coal India, Indian Oil Corporation, Tata Steel, Bajaj Housing Finance, Canara Bank, Union Bank of India, Adani Total Gas, Petronet LNG, Federal Bank, 360 ONE WAM, ACC, Kaynes Technology India, Adani Wilmar, New India Assurance Company, Indraprastha Gas, Sumitomo Chemical India, Emami, Piramal Enterprises, Sundram Fasteners, Aditya Birla Sun Life AMC, LT Foods, Railtel Corporation of India, Prudent Corporate Advisory Services, Maharashtra Seamless, Aurionpro Solutions, Epigral, Refex Industries, KRN Heat Exchanger and Refrigeration, Wonderla Holidays, Yatharth Hospital and Trauma Care Services, IRB InvIT, Mahindra Logistics, Prataap Snacks, Welspun Specialty Solutions, Apollo Pipes, Astec Lifesciences, Wheels India, Dolphin Offshore Enterprises, Sanghi Industries, Wealth First Portfolio Managers, Vardhman Holdings, Vascon Engineers, Indo Farm Equipment, Dwarikesh Sugar Industries, Manba Finance, Premier Polyfilm, Lehar Footwears, Golden Crest Education & Services, Virinchi, Arunjyoti Bio Ventures, Trishakti Industries, Rossell India, Asit C Mehta Financial Services, and Premier Energy and Infrastructure will be releasing their quarterly results for the third quarter of the current financial year on January 27.