Key insights before today's stock market opening: Top 10 highlights

PTC News Desk: As the stock markets gear up for the trading day on January 30, here are crucial insights to keep in mind:

Market Outlook:

Sensex and Nifty are expected to open flat on January 30.
On the previous day, equity indices rebounded, erasing losses from the session before.
Sensex closed at 71,941.57, marking a 1.76% increase, while Nifty rose 385.00 points to 21,737.60.

Global Market Trends:

Initial trends suggest a flat start for the broader index in India, with a modest gain of 17 points or 0.08%.
In the US, stocks advanced ahead of significant events, including megacap earnings, economic data releases, and the Federal Reserve's two-day monetary policy meeting.
Dow Jones Industrial Average rose by 224.02 points to 38,333.45, S&P 500 gained 36.96 points at 4,927.93, and Nasdaq Composite stood at 15,628.04.
Nikkei and Straits Times both registered a 0.5% increase.

Corporate Earnings Reports:

ITC Ltd reported a net profit of ₹5,572 crore for the December quarter of FY24, marking an 11% growth from ₹5,031 crore in the same quarter of the previous financial year.
Bajaj Finance announced a consolidated net profit of ₹3,638.95 crore for the October-December quarter, reflecting a 22.4% increase from the corresponding quarter of the previous year.
Vodafone Idea reported a net loss of ₹6,985.9 crore for the December quarter.

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Global Market Dynamics:

In the US markets, the dollar maintained narrow ranges against major peers.
Gold prices firmed amidst rising tensions in the Middle East, with spot gold up 0.4% at $2,025.97 an ounce, and US gold futures settling 0.4% higher at $2025.4.
Oil prices declined over a dollar a barrel due to concerns over China's struggling property sector, with Brent crude futures falling $1.15, or 1.4%, to settle at $82.40 a barrel.
As investors navigate through the day's market activities, these key points provide a comprehensive overview of the factors influencing market trends and performances.

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(Inputs from agencies)

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