As markets in India and around the world reopen after the Christmas holiday, investors here are looking to ride the so-called Santa Clause rally driving Wall Street higher

January typically tends to be a slower month according to the past decade’s seasonality, with Nifty often closing in the red 70 per cent of the time.

The benchmark stock indices resumed its declining trajectory on Tuesday after a one-day rise. The NSE Nifty 50 ended 25.80 points or 0.11% down at 23,727.65 and the BSE Sensex settled 67.30 points or 0.1% lower at 78,472.87.