Stock Market Updates: GIFT Nifty Hints At Muted Start For Sensex, Nifty; Silver Tops $80 Mark

Stock Market Updates

Sensex Today: Indian equity benchmarks are set for a muted start on Monday as both domestic and global cues remain subdued, keeping investors cautious ahead of the new year in search of fresh triggers.

The early indicator for the Nifty 50, GIFT Nifty, was marginally higher by 0.08 per cent as of 8:10 AM. On the domestic front, investor focus will be on India’s industrial production data for November, scheduled for release later in the day.

In commodities, silver climbed to a new peak, topping the $80 an ounce mark, before falling over 2 per cent.

Global Cues

Across the Asia-Pacific region, markets were mixed at the start of the final trading week of the year. Mainland China’s CSI 300 was down 0.04 per cent, while Japan’s Nikkei 225 slipped 0.5 per cent. In contrast, Hong Kong’s Hang Seng advanced 0.74 per cent, and South Korea’s KOSPI climbed 1.54 per cent.

On Wall Street, US equities ended a thinly traded post-Christmas session largely flat overnight, even as the S&P 500 touched a fresh intraday record. At the close, the S&P 500 eased 0.03 per cent, the Dow Jones Industrial Average slipped 0.04 per cent, and the Nasdaq Composite declined 0.09 per cent.