Stock market today: Key things to know before the opening bell on January 13

Stock market today:Indian markets are set to open cautiously on Monday, taking cues from negative global markets. Markets across the globe closed in the red on Friday in response to the strong US jobs data. The GIFT NIFTY traded in red on Monday morning with 10 points of losses. In addition, domestic markets are also expected to react to quarterly earnings for the December quarter.

US markets

US markets closed in the deep red as strong jobs data rattled investor sentiments. The US economy added 256,000 jobs and lowered the unemployment rate to 4.1% for December, which indicates the US Federal Reserve will likely keep interest rates higher for longer. Reacting to the jobs data, the key benchmark indices in the US fell up 2% on Friday.

Asian markets

In Asia, the Chinese, Hong Kong, and Korean indices opened lower with 1% losses on Monday morning. The world’s second-largest economy reeled under the slowdown despite strong stimulus measures announced by the central government and loose monetary policy by the central bank. Last week, the Chinese central bank halted the bond-buying program to support falling treasury prices.

Crude oil prices

Geopolitical risks weighed down on oil prices as they rose more than 3.6% on Friday. The US Treasury Department announced sanctions on the Russian oil sector, sparking fears of supply disruptions. Following the announcement, WTI crude oil prices traded higher on Monday morning, with 1.4% gains at $78 per barrel. Brent crude oil prices, too, crossed $81 per barrel for the first time since October 2024.

FII and DII data

The foreign investors added more short positions on Friday as domestic benchmark indices closed 2.4% lower for the last week. The FIIs sold nearly ₹2,500 crore on Friday and increased their short positions in derivative markets to 2,77,000 contracts.

Chart check

NIFTY50 and SENSEX closed decisively below 200 DEMA last week, indicating a highly bearish market sentiment. However, markets will likely look for support at previous lows of 23,270 on the NIFTY50 and 76,800 on the SENSEX.