After a sharp decline in the previous session, the Indian stock market is expected to open cautiously on Friday, January 9, as mixed overnight signals from Asian markets keep sentiment restrained.

Indian equities begin the day on a guarded note after Thursday’s heavy sell-off. Investors remain risk-averse amid ongoing global trade uncertainties, while concerns over possible U.S. tariff measures linked to India’s Russian oil imports continue to pressure sentiment.

However, on Thursday, the Sensex and Nifty witnessed a sharp, broad-based fall, tracking weak cues from global markets.

Domestic Market Recap

On Thursday, Indian indices closed in the red:

• Sensex slumped by 780 points (0.98%) to close at 84,180.96
• Nifty 50 moved down by 264 points (1.01%) to settle at 25,876

Gift Nifty

Gift Nifty was trading near 26,002.5, around 35 points higher than the previous Nifty futures close, hinting at a muted start for Indian markets.

Overnight Wall Street Performance

Overnight in the US, the Dow Jones Industrial Average ended higher, while the Nasdaq Composite came under pressure as investors shifted away from technology stocks.

• The Dow Jones Industrial Average soared by 270 points (0.55%) to close at 49,266.11.
• S&P 500 up by 0.53 points (0.007%), ending at 6,921.46.
• The Nasdaq Composite was lower by 104.26 points (0.44%), finishing at 23,480.02.

Gold Prices

• Spot gold was trading 0.26% higher at $4,464.02 per ounce.
• The US gold futures were higher by 0.29% at $4,473.74.

Crude Oil Prices

• Brent crude soared by 0.61 to $62.37/barrel
• US West Texas Intermediate (WTI) crude was trading 0.59% higher at $58.10/barrel

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