Gold prices surged to a record high after US jobs data reinforced expectations of further interest-rate cuts by the Federal Reserve, while escalating protests in Iran kept geopolitical tensions elevated.
Indian benchmark indices—Sensex and Nifty—are expected to open on a muted note on January 12, tracking cues from GIFT Nifty, which was trading flat at around 25,808.50.
On January 9, 2026, Indian equity markets extended their losing streak for the fifth consecutive session, weighed down by uncertainty over the US Supreme Court’s ruling on the legality of former President Donald Trump’s tariffs, which was anticipated later in the day.
At the close, the Sensex fell 604.72 points, or 0.72 percent, to settle at 83,576.24, while the Nifty declined 193.55 points, or 0.75 percent, to 25,683.30.
For the week, both the BSE Sensex and the Nifty posted losses of around 2.5 percent each.
Global Market Snapshot
GIFT Nifty: Trading flat near 25,808.50, signalling a subdued start for domestic equities.
Asian Markets: Asian equities opened higher after strong US jobs data pushed Wall Street stocks to fresh highs on Friday. Meanwhile, oil prices advanced amid intensifying protests in Iran, adding to geopolitical concerns.
US Equities (Up)
The S&P 500 rallied to a record high close on Friday, lifted by Broadcom and other chipmakers, while a weaker-than-expected jobs report did little to alter expectations of interest rate cuts from the Federal Reserve this year.
The S&P 500 climbed 0.65% to end the session at 6,966.28 points. The Nasdaq gained 0.82% to 23,671.35 points, while the Dow Jones Industrial Average rose 0.48% to 49,504.07 points.
US Bond Yield (Down)
The yield on 10-year Treasuries was trading marginally lower at 4.16 percent, while 2-year Treasuries fell 4 basis points at 3.53%.
Dollar Index (Slips)
The dollar edged lower in Asia after Federal Reserve Chair Jerome Powell said the US central bank had been served grand jury subpoenas from the Justice Department threatening a criminal indictment related to his June congressional testimony on renovations of the Fed’s headquarters.
Asian Currencies (Gain)
Except for the Indonesian Rupiah, all other Asian currencies were trading higher in the early trade on Monday, with Thai Baht leading the gainers followed by the Japanese Yen, Singapore Dollar, Philippines Peso, Taiwan Dollar.
Crude (Gains)
Oil prices extended gains on Monday on growing concerns that intensifying protests in Iran could disrupt supply from the OPEC producer, although efforts to quickly resume oil exports from Venezuela are limiting price gains.
Gold (Rises)
Gold rose to a record high after US jobs data left expectations for additional US interest-rate cuts intact, while intensifying protests in Iran kept geopolitical tensions elevated.
Fund Flow Action
Foreign Institutional Investors (FIIs) extended their selling on January 9, selling Indian equities worth approximately Rs 3,769 crore; on the other hand, Domestic Institutional Investors (DIIs) bought equities worth approximately Rs 5596 crore.
Hope you’re all set for today’s trade. We wish you a profitable day ahead.
Disclaimer: The views and investment tips expressed by investment experts on businessconnectindia.in are their own and not those of the website or its management. businessconnectindia.in advises users to check with certified experts before taking any investment decisions.
