Indian Markets Brace for Negative Start Amid Mixed Global Cues; US Tech Soars

• Indian benchmark indices, Sensex and Nifty, are likely to see a negative start on January 7, indicated by GIFT Nifty.
• Indian equities extended their decline for a second consecutive session on January 6, with Nifty closing below 26,200.
• US equities surged overnight, with Dow Jones nearing 50,000, driven by AI optimism and chip stocks.
• Asian equities slipped due to rising tensions with China; most Asian currencies, crude oil, and gold prices also fell.
• On January 6, FIIs were net sellers of equities worth Rs 107.6 crore, while DIIs were net buyers, purchasing Rs 1,749.4 crore.

Why It Matters: Indian markets face a negative opening influenced by mixed global signals, despite US tech gains.