Global Cues Signal Negative Start for Indian Markets; FII Selling Continues

• Indian benchmark indices, Sensex and Nifty, are set for a negative opening on January 8, influenced by lower GIFT Nifty.
• Markets fell for the third straight session on January 7 due to geopolitical risks, FII selling, and weak Asian markets.
• Global markets show mixed trends: Asian equities down, US equities mixed (Nasdaq up, S&P 500/Dow down), crude oil jumps.
• FIIs continued selling equities worth Rs 1527 crore, while DIIs bought Rs 2889 crore on January 7.
• US bond yields and Dollar Index remained flat, while Asian currencies mostly traded lower.

Why It Matters: Global headwinds and FII selling point to a challenging start for Indian markets today.