A decline is being seen in GIFT Nifty. US markets closed with a decline yesterday. Markets fell even after good results of banks. Nasdaq fell due to pressure in tech stocks. Apple’s shares fell 4% yesterday. Apple had the biggest decline since August 2024. Trump will take the oath of office on January 20. U.S. stocks fell Thursday, with the Dow Jones Industrial Average falling 68.42 points, or 0.16%, to 43,153.13, the S&P 500 falling 12.57 points, or 0.21%, to 5,937.34 and the Nasdaq Composite dropping 172.94 points, or 0.89%. Came to 19,338.29.
Results of banks in US
Morgan Stanley’s profits doubled. Morgan Stanley shares rose 4% due to good results. BoA’s quarterly results were better than expected. Despite good results, BoA shares fell 1% yesterday.
FII and DII fund flows
On January 16, foreign institutional investors (FIIs) sold equities worth Rs 4,341 crore, while domestic institutional investors bought equities worth Rs 2,928 crore on the same day.
US jobless claim
Jobless claims figures were higher than expected. Claims for the week ending January 11 stood at 2.17 lakh. The 4-week average was also the lowest since April 2024.
Asian market
Meanwhile, mixed business is being seen in Asian markets today. GIFT NIFTY is showing a gain of 112.50 points. At the same time, Nikkei is seen falling by about 0.74 percent at around 38,290.04. At the same time, Strait Times is showing a growth of 0.33 percent. Taiwan’s market is trading at 23,041.62, up 0.07 percent. Whereas Hang Seng is seen with a gain of 0.20 percent at the level of 19,561.87. At the same time, Kospi is trading with a decline of 0.14 percent. At the same time, Shanghai Composite is showing a rise of 0.40 percent at the level of 3,248.90.