After a bad start, the stock market is sometimes coming on the upward track and sometimes going down. Right now the stock market is on the bullish track. Sensex has reached the level of 83710, up 82 points. Whereas, Nifty is at the level of 257711 with a rise of 39 points. Stocks like Axis Bank (3.38%), Tata Steel (3.14%), ONGC (2.68%), NTPC (2.18%) are in the list of Nifty top gainers. Asian Paints is the Nifty top loser with a fall of 1.93 percent. After a bad start, the stock market is sometimes coming on the upward track and sometimes going down. Right now the stock market is on the track of decline. BSE’s 30-share sensitive index Sensex has fallen 156 points to the level of 83471. Whereas NSE’s 50-share benchmark index Nifty is down by 50 points at the level of 25681. After a bad start, the stock market is now trying to return to the bullish track. Amidst the fluctuations in the market, BSE’s 30-share sensitive index Sensex rose 15 points to the level of 83643. While NSE’s 50-share benchmark index Nifty rose by 4 points to reach the level of 25734. Tata Steel, Axis Bank, NTPC, BEL, Mahindra & Mahindra are the top Sensex gainers. Whereas, Sun Pharma, TCS, Kotak Bank, ICICI Bank were the top losers. The stock market started weak today on Wednesday, January 14. BSE’s 30-share sensitive index Sensex opened at 83358, falling 269 points. Whereas NSE’s 50-share benchmark index Nifty started today’s trading with a fall of 83 points from the level of 25648. At the same time, silver rose above $ 90 an ounce for the first time and gold also rose, as weaker than expected US inflation data strengthened the possibility of more rate cuts later in the year, while the geopolitical situation remained tense. The white metal rose 3.6% to $ 90.0394 an ounce on Wednesday, while gold was trading about $ 15 below its all-time high. Major Indian stock market indices Sensex and Nifty 50 is expected to open weak on Wednesday. The reason for this is the negative signals coming from global markets. Earlier on Tuesday, the Indian stock market closed with a decline due to profit-booking pressure. Concerns over US tariffs, continued outflows of foreign capital and mixed global cues weighed on the market. Sensex fell 250 points to close at 83,627, while Nifty fell 50, 57 points to 25,732.
expert opinion
Ajit Mishra of Religare Broking said that the market trend is between the results of the companies and global uncertainty. He advised to maintain a cautious stance on Nifty and continue selling till the level of 26,000 is crossed.
Asian markets trend
A mixed trend was seen in Asian markets on Wednesday. Japan’s Nikkei 225 crossed the 54,000 level for the first time with a rise of 1.25 percent. South Korea’s Kospi also remained up, while KOSDAQ was in decline. Hong Kong’s Hang Seng futures were showing bullish signs.
Gift Hint from Nifty
GIFT Nifty was trading around 25,757 levels, which is about 34 points lower than the previous close of Nifty futures. This is indicating a weak start for the Indian markets.
American markets fall
US stock markets remained down on Tuesday under selling pressure in financial stocks. Both the Dow Jones and S&P 500 declined. Shares of Visa and MasterCard fell about 4 percent, while JPMorgan shares fell 4.2 percent. However, tech stocks like Intel and AMD remained bullish.
US inflation rate
US consumer inflation rose in December due to higher rents and food prices. The consumer price index increased 0.3 percent month on month. The year-on-year rate in December was 2.7 percent, which is equal to the level of November.
US-Iran tension
Former US President Donald Trump has announced to cancel all meetings with Iranian officials until the violence against protesters in Iran is stopped. He appealed to the citizens of Iran to continue the demonstration.
India-US trade talks
Foreign Minister S. Jaishankar spoke over phone with US Secretary of State Marco Rubio. During this, cooperation in areas like trade, defence, nuclear energy and critical minerals was discussed. Both the leaders agreed to maintain contacts in future also.
World Bank reduced growth rate estimate
The World Bank has reduced India’s economic growth rate estimate in its latest report. India’s economy is projected to grow at 6.5 percent in fiscal year 2027, while the estimate for the current fiscal year is 7.2 percent.
strength in dollar
The dollar maintained its strength near a one-month high after US inflation data came out. The dollar index rose 0.3 percent to 99.18.
stability in gold prices
Gold prices remain stable near record highs amid expectations of a interest rate cut by the US Federal Reserve and geopolitical tensions. Spot gold price rose by 0.2 percent to reach $ 4,595 an ounce.
Stability in crude oil prices
Oil prices have stabilized after their biggest four-day surge in six months. Brent crude rose 2.51 percent to $ 65.47 per barrel, while US WTI crude registered a slight decline.
