Share Market Today: Indian stock markets opened with a decline today. Both Indian benchmark indices Sensex and Nifty fell during the trading session. Sensex started with a fall of 0.3 percent at the level of 83494. While Nifty opened at 25600, it also registered a decline of 0.3 percent in early trade. During this period, selling pressure was seen in Reliance Industries, ICICI Bank, Wipro, Tata Motors Passenger Vehicles and Cipla.
Impact of Trump’s policies on the market
Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments, said, “There will be volatility in the stock markets around the world in the coming days as major geopolitical and geo-economic developments will impact the markets. We do not yet know how President Trump’s disruptive policies will impact international trade and global economic growth. It remains to be seen how European countries will react to President Trump’s recent tariffs on Greenland. If Trump keeps his word and imposes 10 percent tariffs on eight European countries on February 1 and then increases the tariffs to 25 percent from June 1, then the European bloc’s retaliation is almost certain.”
condition of asian markets
Mixed business was seen in Asian markets on Monday. Japan’s Nikkei 225 fell 0.85 percent and Topix fell 0.46 percent. South Korea’s Kospi rose 0.18 percent, while Kosdaq slipped 0.15 percent. At the same time, Australia’s S&P/ASX 200 fell by 0.19 percent at the beginning of the day.
American stock market decline
On Friday, January 16, American markets closed on a flat note. The S&P 500 fell 0.06 percent to 6,940.01, while the Nasdaq Composite dropped 0.06 percent to 23,515.39. The Dow Jones Industrial Average fell 83.11 points, or 0.17 percent, to close at 49,359.33 at the end of the day.
us dollar
The US Dollar Index (DXY), which measures the strength or weakness of the US dollar against currencies like British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, was seen trading at 99.09, falling 0.30 per cent on Monday morning. Earlier on January 14, the rupee had strengthened by 0.62 percent and closed at 90.86 against the dollar.
Selling by foreign investors
On January 16, foreign investors including Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) sold Indian shares worth a total of Rs 4,346 crore. Meanwhile, according to preliminary data received from the exchange, domestic institutional investors (DIIs) bought shares worth Rs 3,935 crore.
Also read:
Why are foreign investors moving away from the Indian stock market? Shares worth Rs 22530 crores sold so far in January
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