Gloria Terra
Tuesday, January 07
2 weeks ago
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INDIATIMES
Credited from: INDIATIMES
In recent trading sessions, Indian equity benchmark indices have exhibited significant volatility, with the BSE Sensex and Nifty50 shifting from gains to losses. On January 7, the BSE Sensex rose by over 350 points, reaching 78,321.56 at 9:16 AM, while Nifty50 traded above 23,750 (source: India Times). However, the optimism was short-lived, as by January 8, the market opened in the red, with the BSE Sensex falling 153 points to 78,045.67 and Nifty50 near 23,650 (source: India Times).
Market Analysts, including Siddhartha Khemka from Motilal Oswal, anticipate continued volatility influenced by the HMP Virus concerns and pre-quarterly business updates. They expect Nifty50's short-term outlook to consolidate within a range of 23,500-23,900, with more clarity expected post-range breakout.
In global markets, US indices experienced fluctuations due to strong economic data raising concerns over inflation, affecting the Federal Reserve's monetary easing trajectory. Similarly, on Asian fronts, equities mirrored these trends, as Treasury yields rose, prompting declines in market values.
Investor sentiment has also been impacted, with foreign portfolio investors turning net sellers, reflecting a cautious approach amidst these developments.
As the market navigates through these reactions, stakeholders remain focused on upcoming economic reports to reassess their strategies.
January 19, 2025
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