Share Market Today: On Friday, January 16, the last trading day of the week, the Indian stock market started on a positive note. During this period, there was a rise in both Sensex and Nifty. Sensex opened 288 points higher at 83670.80, while Nifty 50 started trading at 25696 level with a gain of 30 points.
Anand James, Chief Market Strategist, Geojit Investments, says, the support of 25600 has allowed a reversal pattern to mature, due to which we are hopeful that the recovery late on Wednesday evening can extend further. However, Nifty needs to sustain above 25715 continuously to move towards 26020. If we slip below 25600 then there may be more chances of Nifty falling to 25060 today.
condition of global markets
A mixed trend was seen in Asia-Pacific markets on Friday. Japan’s Nikkei 225 fell by 0.41 percent and Topix by 0.42 percent. In the South Korean market, Kospi jumped 0.3 percent, while Kosdaq declined 0.21 percent. In Australia, S&P/ASX 200 gained 0.22 percent.
Whereas, if we talk about the American market, its major indices closed higher on January 15. The Dow Jones Industrial Average rose 0.60 percent, while the S&P 500 rose 0.26 percent and the Nasdaq Composite rose 0.25 percent.
US dollar index
The US Dollar Index (DXY), which measures the value of the dollar against six foreign currencies like British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, was seen trading up 0.04 percent at 98.39 on Friday morning. On January 14, the rupee strengthened by 0.10 percent and closed at 90.29 against the dollar.
Selling by foreign investors
Here, foreign investors are also continuously withdrawing their investments from the Indian stock market. On January 14, he sold shares worth Rs 4,781 crore. In contrast, domestic institutional investors made net purchases of Rs 5,217 crore, according to preliminary exchange data.
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