Stock market today: Key things to know before the opening bell on January 21

Domestic benchmark indices are expected to open cautiously as Global markets cheer on Donald Trump’s second tenure. The Dollar index and US10Y yields fell as Trump media reports indicated Trump won't sign executive orders for blanket tariffs on the world and China on the First day.

US markets

The US markets closed higher as President Trump signed executive orders to boost domestic energy production and aid the domestic economy. Markets also cheered on media reports on the delay in sanctioning tariffs on China and World. The Dow Jones and S&P 500 closed more than 1.5% higher, while Nasdaq closed nearly 2% higher on Monday.

Asian markets

Asian markets traded cautiously on Tuesday morning after Trump started his second term on Monday. Trump said he is considering 25% tariffs on Canada and Mexico, citing concerns over illegal immigration. The Japanese and Hong Kong indices traded flat with a positive bias, and the Chinese and Korean indices traded in red.

Crude oil

Crude oil prices fell as Donald Trump signed executive orders to boost domestic energy production on the first day of his second term as US president. The WTI and Brent crude oil prices fell over 1% on Monday as global oil supply is expected to increase and keep the prices under check.

FII and DII

On Monday, foreign institutional investors sold nearly ₹4,330 crore of Indian equities, and DIIs bought equities worth ₹4,321 crore. The FII position in the derivatives market remained short as they hold 3.3 lakh contracts in short as of Monday, January 20.