Stock market today: All you need to know before opening bell on January 9

US markets

The US markets closed mixed on Wednesday ahead of a holiday. The Dow Jones closed in green with little gain, and the S&P500 and NASDAQ closed in red with losses. All Federal Reserve officials suggest moderation in easing policy rates in coming policy meetings. Tech stocks like NVIDIA and Micron closed lower with losses as reports indicate exports cap on chips.

Asian markets

Asian markets opened lower on Thursday morning, reacting to Federal Reserve officials' hawkish commentary on slower rate cuts. The Japanese Nikkei index traded in the red, with 300-point losses. Meanwhile, the Hong Kong and Korean indices traded in green with little gains. The Chinese markets, too, traded in red as the latest inflation print hit a 9-month low, indicating a severe demand slump in the world’s second-largest economy.

Crude oil prices

Brent crude and WTI crude oil prices reversed Tuesday's gains to close nearly 1.5% lower on Wednesday, driven by a stronger dollar and media reports that Trump would announce a national emergency to justify new tariffs. The Brent crude oil prices and WTI crude oil prices opened 0.4% lower.

FII and DII Data

Foreign investors aggravated their selling in the Indian markets on Wednesday by selling Indian equities worth ₹3,362 crore, as a stronger dollar and rising bond yields provided a safer option in a volatile global market environment. On the other hand, domestic investors continued to add Indian equities worth ₹2,716 crore. In the derivatives market, the FIIs added their short positions to 2.38 lakh contracts, higher than the previous day’s 2.2 lakh contracts.

Chart check

The NIFTY50 and SENSEX respected their 200 DEMA levels and formed a hammer pattern on Wednesday, indicating a potential reversal in the market.