The decline in the stock market continues. BSE’s 30-share benchmark index Sensex is down 290 points at 82956. Whereas, NSE’s 50-share sensitive index Nifty has fallen by 75 points to 25509. In this decline also, State Bank, Kotak Bank, UltraTech, ONGC, NTPC are Nifty top gainers. Whereas, Eternal, Bajaj Finance, Asian Paints, Indigo, Jio Finance Nifty are the top losers. The stock market started weak even today. BSE’s 30-share benchmark index Sensex opened 45 points down at 83200. Whereas, NSE’s 50-share sensitive index Nifty started Tuesday’s trading at 25580 with a fall of 5 points. Indian stock market benchmark indices Sensex and Nifty 50 are expected to open flat on Tuesday. This is due to weak global market signals. At the same time, the level of GIFT Nifty was around 25,608, which is about 12 points above the previous closing price of Nifty Futures. This is indicating a flat start for the Indian stock market indices.
Decline in last session due to global tension
The Indian stock market closed at a lower level on Monday. The decline was due to increased global trade tensions after US President Donald Trump announced tariffs on eight European countries. Sensex fell 324.17 points (0.39%) to close at 83,246.18, while Nifty 50 witnessed a decline of 108.85 points (0.42%) to end at 25,585.50.
recession in asian markets
Asian markets are also trading at lower levels on Tuesday. President Trump’s threat of tariffs on Greenland has raised fears of renewed trade tensions. Japan’s Nikkei 225 index fell 0.7%, while the Topix was down 0.52%. South Korea’s Kospi fell 0.41% and Kosdaq was flat. Hong Kong’s Hang Seng index futures indicated a higher open.
Wall Street tricks
The US stock market was closed on Monday, January 19 for the Martin Luther King, Jr. Day holiday. Stock futures were trading on Tuesday, pointing to a negative session on Wall Street.
Citi downgrades European shares
The City has moved to ‘neutral’ in continental Europe for the first time in more than a year. The latest escalation in transatlantic tensions and tariff uncertainty have harmed the near-term investment case for European equities, the bank said.
Rise in Japanese bond yields
Japan’s 40-year bond yield jumped to 4%, the highest level since its debut in 2007. The 40-year rate jumped 5.5 basis points, marking the first time Japanese government bond yields have touched 4%. The 20-year yield had previously touched this level in December 1995.
Gold and silver prices at record level
Gold prices are trading near all-time peaks, while silver prices have touched record highs due to US-Europe trade tensions. On Tuesday, silver prices briefly reached a record $ 94.7295 an ounce and gold was near the $ 4,670 level.
weakness in dollar
The US dollar fell to its lowest level in a week. The dollar index slipped 0.1% to 99.004, its lowest level since Jan. 14. The dollar remained stable at 158.175 yen against the yen. The dollar remained stable at 6.9536 yuan against the Chinese yuan traded offshore in Hong Kong. The euro was flat at $1.1640, while the British pound was also steady at $1.3427.
