Global Cues Signal Mixed Start for Indian Markets Today

Business
M
Moneycontrol•02-01-2026, 07:35
Global Cues Signal Mixed Start for Indian Markets Today
- •GIFT Nifty indicates a flat to positive start for Indian equities, trading marginally higher at 26,310.50.
- •Indian markets started 2026 positively but closed flat due to midday profit booking, with Sensex down 0.04% and Nifty up 0.06%.
- •Asian equities are firm (Japan shut), US markets were shut for New Year's Day, Dollar Index is down, and Asian Currencies are up.
- •Crude oil is flat after its biggest annual drop since 2020, while Gold and Silver show significant gains.
- •FIIs sold equities worth Rs 3268 crore on January 1, while DIIs bought equities of Rs 1525 crore.
Why It Matters: Indian markets face mixed global signals today after a flat close yesterday, with FII selling.
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