Today’s stock market: The Nifty50 and BSE Sensex, both benchmarks in Indian stocks, opened stronger on Tuesday. The BSE Sensex was up over than 250 points and the Nifty50 was over 25,850. Nifty50 was up 72 points, or 0.28%, at 9:16 AM, trading at 25,862.30. The BSE Sensex was up 279 points, or 0.33%, at 84,156.95.
As the earnings season gets underway, analysts notice a mostly range-bound trend and stock-specific movements.
Geojit Investments Limited’s Chief Investment Strategist, Dr. VK Vijayakumar, states, “Markets will continue to be affected by global events and President Trump’s remarks and actions.” Global commerce has already been harmed by Trump’s militarizing of tariffs, especially in the nations that have been singled out for punitive penalties. Trump’s most recent statement that the US will slap 25% tariffs on nations who trade with Iran makes it quite evident that this approach of militrarizing tariffs will persist.
“In addition to attacking other nations, Trump is also going after people who disagree with him domestically. The accusations made against Jerome Powell, the head of the central bank, are a reminder of how Trump will target anyone who doesn’t comply.
The markets will continue to be affected by the US president’s remarkable, irregular, and unexpected behavior. From the view of the Indian market, the need for a trade deal between the US and India was made clear yesterday when the market saw an important recovery following the statement by US ambassador Sergio Gor that the US is committed to a trade agreement with India and that discussions will begin as early as January 13. Stock-specific activity will be seen in the Q3 results in the near future.
The Dow Jones Industrial Average and the S&P 500 both closed at all-time highs on Monday, completing a successful day for US stocks. Technology firms and Walmart, a big retailer, led gains as investors mostly ignored worries over the US Justice Department’s criminal probe of Federal Reserve Chair Jerome Powell.
The optimisim around corporate profits and higher hopes for growth in the region pushed stock in Asian markets to near-record highs. The upward trend was suggestive of a larger shift in investor focus away from dangers specific to the United States.
After the Trump administration’s criminal inquiry into Powell, which has revived concerns about the independence of the Federal Reserve and raised fresh worries about trust in US assets, the dollar continued to be under pressure in currency markets on Tuesday.
On Monday, local institutional investors offered support by buying shares valued at Rs 5,839 crore, while foreign portfolio investors were net sellers of Indian stocks totaling Rs 3,638 crore.
