1168: Marketbuzz Podcast With Vivek Iyer: GIFT Nifty indicates a start in the red for Nifty 50, Sensex

Markets ended 2023 with nine weeks of Street gains, but in the first week of the New Year, we are likely to snap the winning streak.

The Dow Jones and S&P 600, Nasdaq, are all set to end the week with cuts as well.

On Thursday, the Nasdaq continued to witness selling pressure and bore the brunt of the kind of the weakness that has been seen given the fact that some of the heavyweights like Apple have underperformed in 2024.

So far, Apple has seen a couple of analyst downgrades that have come in.

Talking about oil prices, brent futures continued its softness. Yesterday it closed near the $77.5 a barrel mark. Now this was an account of higher crude inventories that were seen in the US markets coming to the Indian market.

Overnight queues are not very confident but Indian markets yesterday managed to outperform. It was a sharp recovery that helped the market.

The realty index was to top gaining sector.  Today, the power sector is in focus.

Asian markets and indicating a mild soft start for our own markets today.