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GIFT Nifty: The GIFT Nifty January 2025 futures contract is currently down 65 points, indicating a negative start for the Nifty 50. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 4,336.54 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 4,321.96 crore in the Indian equity market on 20 January 2025, provisional data showed. According to NSDL data, FPIs have sold shares worth Rs 49282.45 crore (so far) in the secondary market during January 2025. This follows their sale of shares worth Rs 2589.63 crore in December 2024. Global Markets: U.S. stock futures point to a positive open on Tuesday, with the Dow Jones Industrial Average futures rising 79 points. Most Asian shares advanced as President Donald Trump held off on imposing sweeping trade tariffs on his first day in office. Trump resumed his duties in the White House on Monday, a day after his inauguration and during the Martin Luther King, Jr. Day holiday, when U.S. stock market was closed. Sworn in as the 45th President of the United States on January 20, Trump emphasized his vision of America First in his inaugural address, focusing on economic revitalization, national security, and prioritizing domestic interests over globalization. Trump began his term with a series of executive orders aimed at fulfilling his campaign promises. These included measures to tighten immigration controls, lay the groundwork for a U.S.-Mexico border wall, boost fossil fuel production, and scale back environmental regulations. While he declared plans to address global trade practices, Trump opted not to impose new tariffs on the U.S.'s largest trading partners, signaling a more deliberate approach to trade relations. Instead, he directed his administration to combat unfair trade globally. Investors closely monitored these early actions, given Trump's promises to rapidly implement his agenda. Domestic Market: The domestic equity indices closed with gains on Monday, led by a strong performance in the banking and financial services shares. The Nifty 50 index ended above the 23,300 level. Strong performances from Kotak Mahindra Bank and Wipro, driven by their Q3 results, boosted investor sentiment. However, the rally faced some resistance from the FMCG and auto sectors. The S&P BSE Sensex rallied 454.11 points or 0.59% to 77,073.44. The Nifty 50 index added 141.55 points or 0.61% to 23,344.75. Powered by Capital Market - Live News |