A slight rise was seen in Gift Nifty on Thursday morning, due to which the market trend seems positive. Similarly, a rise was seen in Asian markets also.
US Market:
- On Tuesday, US markets closed with a rise of up to 1%.
- Nasdaq outperformed as tech stocks surged.
- Tuesday’s session was only half a day.
- The US has started an investigation into Chinese semiconductors, which was ordered by President Joe Biden.
S&P 500 movement trend since 1950
- The S&P 500 has gained an average of 1.3% between December 24 and January 2.
- There was an average rise of 0.3% in the remaining 7 days.
- This year the S&P 500 traded above the 200DMA throughout the year.
- No decline of more than 10% was recorded in the entire year.
Potential market performance in 2025
- According to the Citigroup report,
- Investors are advised to take a balanced view in Q1 2025.
- Good opportunities are expected in the defense sector.
- The healthcare sector is rated ‘Overweight’.
- The Media, Internet, and Semiconductor sectors are also ‘Overweight’.
Effect of Russia-Ukraine war
- Russia attacked Ukraine on Christmas Day.
- Ukraine was attacked with 70 missiles and more than 100 drones.
- The situation was worse in eastern Ukraine.
- More than 5 lakh people were affected.
- Heat and electricity supply disrupted.
- US President Joe Biden said that the supply of weapons will continue.
Increase in crude oil and natural gas
- Crude oil prices witnessed a rise on expectations of increase in demand in the next few months.
- The price crossed $73 per barrel.
- Natural gas also recorded a rise of more than 7% on Tuesday.
- gold and silver:
- There was a slight increase in the prices of both.
Change in US bond yields
- 10-Year Treasury Yield:
- With an increase of 13 basis points it reached 4.59%.
- 2-Year Treasury Yield:
- With an increase of 14 basis points it reached 4.33%.
