Wed Jan 08 10:54:10 UTC 2025: **Indian Markets Show Resilience Despite Global Downturn**

**Mumbai, India (January 8, 2025)** – Indian markets demonstrated resilience on Tuesday, holding support levels despite a global market downturn and continued foreign institutional investor (FII) selling. While FIIs maintained their short positions, the GIFT Nifty index pointed towards a positive opening on Wednesday.

The Indian indices, Nifty 50 and Sensex, closed slightly above their 200-day exponential moving average (DEMA) levels at 23,707 and approximately 200 points above 78052 respectively, following a sharp correction on Monday. This suggests a degree of market stability.

This positive sentiment contrasts with a negative trend in US markets, where a two-day rally ended with a near 2% drop, primarily driven by a significant decline in tech stocks, particularly Nvidia. The NASDAQ fell by almost 2%, followed by similar declines in the S&P 500 and Dow Jones. Stronger-than-expected US services sector data, including a rise in the ISM services PMI to 54, suggests a robust economy, potentially delaying anticipated rate cuts and impacting equity prices negatively.

Asian markets showed mixed performance, with Japanese indices trading lower while Korean stocks saw a 1.4% increase following assurances from South Korea’s acting president.

Crude oil prices rose, with Brent crude reaching $77 per barrel (a 1.1% increase) and WTI crude exceeding $74.5 per barrel, fueled by a decrease in US crude oil inventories.

**Disclaimer:** *This news article is for informational purposes only and does not constitute financial advice. Investment decisions should be made based on individual circumstances and after consulting with a qualified financial advisor.*

Read More