The GIFT Nifty indicates that the BSE Sensex and NSE Nifty 50 are likely to open higher on Monday, January 20.

The Indian equity markets closed on a negative note on January 17, with both the Sensex and Nifty ending in the red. The Sensex fell by 423.49 points (0.55%) to settle at 76,619.33, while the Nifty declined 108.60 points (0.47%) to close at 23,203.20. Despite the drop, market breadth remained balanced, with 1,975 stocks advancing, 1,797 declining, and 116 remaining unchanged.

The Indian stock market is abuzz as companies release their Q3 financial results for the October-December period. Today, all eyes are on Indian Railway Finance Corporation, Paytm, Zomato, ICICI Securities, Central Bank of India, and Indian Overseas Bank, among others, as they are set to announce their quarterly earnings.

Asia-Pacific markets traded with a mixed trend on Monday. Japan’s Nikkei 225 was trading 1.31% higher at 38,954.13. The Korean index Kospi trades 0.06% lower at 2,522.60. Australia’s S&P/ASX 200 index opened higher, gaining about 0.33% . Chinese index, Shanghai Composite dropped over 0.01% to approximately 3,241.53 points.

US indices closed Friday on a higher note. The S&P 500 closed the session 1.00% higher at 5,996.66. The technology-heavy Nasdaq Composite surged 1.49% to close the session at 19,627.01. The 30-stock Dow Jones Industrial Average fell 3.24 points or 0.01% to close at 43,485.59.

Donald Trump will be sworn in as the 47th President of the United States for his second term today, January 20. The inauguration ceremony is set to begin at 12 PM EST (10:30 PM IST) and will take place indoors at the U.S. Capitol Rotunda due to extreme cold caused by an Arctic blast. Vice President-elect JD Vance will also take the oath of office during the event.

The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down 0.04% at 109.25 on Monday morning. The index measures the US dollar’s strength or weakness against 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 86.61 against the US Dollar on Friday.

WTI crude prices were trading at $80.93, up by 0.18%, while Brent crude prices were trading at $78.19 up by 0.40%, on Monday morning

FII, DII Data

On January 17, Foreign Institutional Investors (FIIs) reported gross purchases of Rs 10,486.45 crore and sales of Rs 13,804.51 crore. This resulted in a net outflow of Rs 3,318.06 crore.

Meanwhile, Domestic Institutional Investors (DIIs) recorded gross purchases of Rs 12,496.54 crore and sales of Rs 19,923.66 crore. This led to a net inflow of Rs 2,572.88 crore.