Market Overview
Indian equity markets are expected to open flat to mildly positive on January 2, taking cues from GIFT Nifty, which was trading marginally higher around 26,310.50 early in the session. The muted movement suggests cautious sentiment among investors as markets digest global and domestic signals at the start of the new year.
Global Commodities: Gold & Silver Shine
Gold and silver prices advanced as trading for 2026 kicked off, extending their strongest annual performance since 1979.
- Gold climbed toward $4,350 per ounce
- Silver gained over 1%
The rise in bullion reflects continued investor preference for safe-haven assets amid global economic uncertainty and shifting interest-rate expectations.
Domestic Market Recap: Flat Close After Profit Booking
Indian equity indices began the year on a positive note, supported by broad-based buying across most sectors, excluding FMCG and pharmaceuticals. However, midday profit booking erased early gains, resulting in a largely flat close.
Closing Snapshot (Previous Session):
- Sensex: Down 32 points (-0.04%) at 85,188.60
- Nifty 50: Up 16.95 points (+0.06%) at 26,146.55
- BSE Midcap Index: Up 0.3%
- BSE Smallcap Index: Ended flat
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What to Watch Today
- GIFT Nifty trend for early market direction
- Global commodity prices, especially gold and silver
- Sector rotation, as investors rebalance portfolios at the start of the year
- Profit booking pressure after recent highs
Market Outlook
With limited global triggers and cautious investor positioning, Indian markets may continue to trade in a narrow range. Stock-specific action and sectoral movements are likely to dominate trading sessions in the near term.
