Synopsis
On January 20, Indian benchmark indices opened positively as traders prepared for Donald Trump's inauguration. The Sensex rose nearly 100 points, with key stocks seeing varied performances amid a cautious market sentiment worldwide.Key Takeaways
- Sensex trading at 76,701.3, up nearly 100 points.
- Key stocks like Kotak Mahindra and Wipro led the gains.
- Nine sectors on the NSE advanced, especially Nifty Media and Nifty Realty.
- Global markets await Trump 2.0 developments.
- IMF forecasts a 6.5% growth for India in 2025-2026.
Mumbai, Jan 20 (NationPress) Indian benchmark indices began the week on a positive note on Monday, drawing favorable signals from Asian markets, as investors prepared for Donald Trump's inauguration as the 47th President of the United States.
By approximately 9:35 am, the Sensex was trading at 76,701.3, up nearly 100 points, while the Nifty stood at 23,215.65, showing little change.
Leading the gains in Nifty were shares from Kotak Mahindra Bank, Wipro, Bharti Airtel, and State Bank of India, whereas ICICI Bank, HDFC Bank, SBI Life, Infosys, and Tata Motors exerted downward pressure on the index.
Out of the 12 sectors on the NSE, nine showed advancement, with Nifty Media and Nifty Realty leading the way on Monday. Conversely, Nifty Metal and Auto experienced the largest declines in early trading.
Market analysts suggest that globally, stock markets are poised for a cautious approach as they await the developments of Trump 2.0.
“Numerous executive actions, especially regarding immigration, are anticipated from the President starting on day one. The markets are poised to observe the nature of these decisions and their potential ramifications,” they remarked.
Furthermore, the latest report from the IMF on Global Economic Outlook forecasts a robust growth rate of 6.5 percent for India in 2025 and 2026, despite a recent slowdown.
“This is encouraging. A wave of Q3 earnings reports is expected this week, and the market will react based on the results, alongside the outlook and management commentary,” experts noted.
In the United States, stocks surged on Friday, propelling the S&P 500 and Dow Jones Industrial Average to their most significant weekly gains as market participants geared up for Trump's inauguration.
Akshay Chinchalkar, Head of Research at Axis Securities, mentioned that this week marks a critical period for both bulls and bears, making it essential for determining the Nifty's tactical direction.
“Meanwhile, smallcap and midcap indices enjoyed a four-day winning streak leading up to Friday, the longest since December 11, indicating a shift in sentiment towards a risk-on approach,” he added.
