Indian shares are expected to open lower due to concerns about the dollar and U.S. Treasury yields

From Nasdaq: 2024-12-31 21:30:06

Indian shares are expected to open lower on the first trading day of 2025 due to concerns about the dollar and U.S. Treasury yields. However, positive macro data showing a narrowed fiscal deficit and increased core infrastructure output may help limit losses. The rupee closed at a record low of 85.65 against the dollar, marking its seventh consecutive year of decline. FIIs sold shares worth Rs 4,645 crores on Tuesday, while domestic institutions bought shares worth Rs 4,547 crores. Indian benchmark indexes Sensex and Nifty posted annual gains of 8.16 percent and 8.80 percent, respectively.

Asian markets are closed for the New Year holiday, with U.S. stocks ending lower but still posting strong annual gains. The S&P 500 rallied 23 percent in 2024, while the Nasdaq surged nearly 30 percent. European stocks advanced on Tuesday, with the STOXX 600 gaining half a percent. Crude oil prices ended higher but recorded a 3 percent loss for the year, while gold saw an annual growth of 26 percent.



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