Tue Jan 07 07:46:07 UTC 2025: ## Indian Markets Poised for Rebound After Sharp Drop

**Mumbai, India (Jan 7, 2025)** – Indian benchmark indices, the Sensex and Nifty 50, are expected to open positively on January 7th, following a sharp decline on Friday. The GIFT Nifty, a forward-looking indicator, is currently trading higher, suggesting a potential rebound.

Friday saw a significant 1.5% drop in benchmark indices, fueled by investor concerns over the Human Metapneumovirus (HMPV). The Sensex closed at 77,964.99 (down 1.59%), while the Nifty ended at 23,616.05 (down 1.62%).

However, positive cues from global markets are offering hope. A surge in technology stocks on Wall Street, coupled with speculation about a less aggressive tariff policy from a potential future administration, boosted Asian markets. The Nikkei is currently up 2.38%, while other Asian indices show mixed performance.

Despite Friday’s losses, the GIFT Nifty’s current gains suggest a potential positive opening. The Nifty futures are trading at 23,769, with GIFT Nifty up 0.27% at 23,799.50.

Foreign institutional investors (FIIs) sold equities worth ₹2,575 crore on January 6th, while domestic institutional investors bought ₹5,749 crore worth of equities on the same day. Analysts note that a continued stay below the Nifty’s 200-day EMA could lead to further declines, potentially reaching 23,263. US 10-year treasury yields fell 13 basis points to 4.62%, and 2-year treasury yields dropped 5 basis points to 4.27%. The US dollar also weakened.

Investors are advised to monitor these global and domestic factors closely as trading begins.

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