Market overview: Indian benchmark indices Sensex and Nifty opened with gains on January 20. Talking about the last trading day, on Friday the three-day rising trend in the Indian market was broken and Nifty closed around 23,200. The market declined due to selling in IT and banking companies. However, giants Infosys and Axis Bank had presented better figures for the quarter ended December. However, gains in Reliance Industries after good results helped limit the market’s decline. At the end of the trading session, Sensex closed 423.49 points or 0.55 per cent lower at 76,619.33 and Nifty closed 108.60 points or 0.47 per cent lower at 23,203.20.
Stay tuned to Moneycontrol to know what’s happening in the currency and equity markets today. Here we are releasing for you a list of today’s important news running on various news platforms which can affect the Indian and international markets.
gift nifty
GIFT Nifty is seeing a rise, this is a sign of a positive start of the day. Nifty futures were trading at 23,281.50. At present, GIFT-Nifty is trading at the level of 23,304 with a gain of 68.50 points or 0.29 percent.
Asian market
Today there is a boom in Asian markets. Nikkei is trading with a gain of 1.09 percent. Strait Times shows a rise of 0.03 percent. While Taiwan’s market is trading up 0.68 percent. At the same time, Hang Seng is trading with a gain of 2.01 percent. Kospi is also trading with an increase of 0.06 percent. At the same time, Shanghai Composite is showing a rise of 0.42 percent at the level of 3,255.95.
US market
American stocks had risen on Friday. The Dow Jones Industrial Average rose 334.70 points, or 0.78%, to 43,487.83, the S&P 500 rose 59.32 points, or 1.00%, to 5,996.66 and the Nasdaq Composite added 291.91 points, or 1.51%, to 19,630.20. For the week, the Dow rose 3.69%, the S&P was up 2.92% and the Nasdaq was up 2.43%.
Global Market: Rise in Asian markets, markets around the world are keeping an eye on Donald Trump’s swearing in.
FII and DII fund flows
Foreign institutional investors (FIIs) sold equities worth Rs 3,318.06 crore on January 17, while domestic institutional investors bought equities worth Rs 2,572 crore on the same day.