Pre-market: GIFT Nifty Futures signal tepid start on D-Street amid weak Asian markets

Indian equities in Monday's session (December 30, 2024) tracking weak global cues are set to open lower. GIFT Nifty Futures indicate a largely muted opening on the D-Street. Last at around 8:50 am, GIFT NIFTY futures were down 0.01 per cent at 23,991.

In the previous session after a choppy trade, Indian equities managed to end in the green with the Sensex adding 0.29 per cent or 226.59 points at 78,699.07, while the Nifty50 index ended higher by 0.27 per cent or 63 points at 23,813.4. Sectorally, the auto and pharma pack led the gains in Friday's session.

For December, through 27th FIIs have sold equity for Rs 656 crores only through the exchanges.

An important characteristic about FII investment is that they have been consistent investors of equity through the primary market. In December through 27th FIIs invested Rs 17331 crores through the primary market, noted Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Stocks to watch

Gensol Engineering: In an exchange filing, the company informed that it will showcase its first electric car at the upcoming Bharat Mobility Global Expo 2025, set to be hosted from January 17 and 22, 2025, at Bharat Mandapam in New Delhi.

Vodafone Idea: The beleagured stock will be in focus after the group cleared about Rs 11,650 crore dues to lenders raised against VIL shares.

Asian markets

Asian markets mostly edged lower today as high treasury yields continued to weigh and volumes remained thin with the looming New Year Holiday. The MSCI's broadest index of Asia-Pacific shares outside Japan traded with a cut of 0.09 per cent at 573.77.