Global cues, US tariff ruling watch and key data releases set the tone for Friday’s trade
Indian equity markets are expected to open on a subdued note on Friday, January 9, 2026, tracking mixed global cues and cautious investor sentiment. Early signals from GIFT Nifty and overnight moves in global markets point to a lacklustre start for benchmark indices.
At 06:35 AM, GIFT Nifty futures were trading 22 points higher at 26,007, indicating a muted opening for the Sensex and Nifty. Investors remain focused on overseas developments, particularly the US Supreme Court’s ruling on the legality of President Donald Trump’s sweeping global tariffs.
Asian markets traded mixed as investors awaited key data. Japan’s Nikkei 225 rose 0.54%, while South Korea’s Kospi slipped 0.41%. Australia’s S&P/ASX 200 hovered just below the flatline. China’s consumer inflation data, due later in the day, is expected to show a rise to 0.8% year-on-year for December, up from 0.7% in November, according to a Reuters poll.
US equity futures were little changed after Wall Street closed on a mixed note overnight. The Dow Jones Industrial Average gained 0.55% as investors rotated out of technology stocks. The Nasdaq Composite fell 0.44%, while the S&P 500 ended marginally higher, up 0.01%.
Back home, investors are tracking institutional activity after foreign institutional investors (FIIs) sold shares worth ₹2,544.47 crore on January 8, while domestic institutional investors (DIIs) bought equities worth ₹2,817.93 crore.
Several companies are scheduled to announce their Q3 FY26 results today, including Indian Renewable Energy Development Agency (Ireda), Tejas Networks, Globus Spirits, G G Engineering, Triton Corp, and Ladam Affordable Housing.
In the primary market, the Bharat Coking Coal IPO opens for public subscription today. The ₹1,071.11 crore mainline issue comprises an offer for sale of 465.7 million shares. In the SME segment, Defrail Technologies IPO also opens today, while Victory Electric Vehicles International IPO and Yajur Fibers IPO enter the final day of subscription. Gabion Technologies India IPO will see the basis of allotment of its shares.
In commodities, oil prices edged higher. Brent crude rose 3.39% to $61.99 per barrel, while US WTI crude gained 0.87% to $58.26 per barrel.
