On Tuesday, the weekly expiry of Nifty started with a big fall in the stock market. The Sensex fell 300 points, while the Nifty fell by nearly 100 points. Bank Nifty also fell by 170 points. The broader market was also trading in the red. Before the market opened, many important signals were visible for investors on both global and domestic fronts. Decline in US markets, softening of crude oil prices and continued selling by FIIs are putting some pressure on sentiments, while domestically, IPOs, policy decisions and macro data could set the market direction. Profit-booking impact on US markets After a strong start, US stock markets saw profit-booking. As a result of the continued sell-off in AI stocks, the Dow Jones fell nearly 250 points from its day’s high and eventually closed 40 points lower. The Nasdaq fell nearly 140 points to a three-week low, while the S&P also remained under pressure. Dow futures are trading nearly flat ahead of November employment data to be released today. Asian and Derivative Indices Weakness is clearly visible in Asian markets. Japan’s Nikkei fell nearly 500 points. Meanwhile, GIFT Nifty is trading around 26075 with a marginal fall of around 30 points, indicating a soft opening for the domestic market. Mixed trends are visible in the commodity markets. Mixed trends are visible in the commodity markets. Crude fell nearly 1 percent to a seven-month low near $60 on fears of increased supply. On the other hand, a sharp rise was seen in gold and silver. In the domestic market, gold touched a lifetime high of around Rs 1,35,500, while silver rose by around Rs 5,300 to Rs 1,97,900. Silver also increased by about 3 percent in the international market. Dollar, RBI and liquidity factors The dollar index fell to a 10-week low and closed below 98. To increase liquidity in the system, the RBI will hold a $5 billion swap auction today, injecting liquidity for a period of three years. This step is considered very important for the bond market and banking system. FII selling continues, DIIs lend support. Foreign investors continued to sell in the cash market for the 13th consecutive day. FIIs sold shares worth around Rs 1468 crore, and the total sales including cash, index and futures were around Rs 3300 crore. In contrast, domestic institutional investors continued to buy for the 76th consecutive day, providing some support to the market by investing around Rs 1,800 crore. Domestic corporate and policy triggers The Insurance Amendment Bill is expected to be introduced in Parliament today, which will be closely watched by the markets. In the banking sector, the news of resignation of CFO of RBL Bank is also a topic of discussion. Meanwhile, the FMCG sector is expected to benefit from GST 2.0. According to Godrej Consumer Products MD & CEO Sudhir Sitapati, demand has picked up in urban areas, and the new year could be better for FMCG companies. IPO and Macro Data Update ICICI Prudential AMC’s IPO closes today, which has already been oversubscribed more than twice. The price band is fixed at Rs 2061 to Rs 2165, and according to Anil Singhvi, this IPO is attractive from both listing gains and long-term perspective. There is good news on the macro front: The country’s unemployment rate has fallen to an 8-month low. It was recorded at 4.7 percent in November.