The Indian stock market witnessed a dynamic overnight period, influenced by a confluence of domestic and international factors. Here are ten key changes that shaped market sentiment:
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Gift Nifty Trends: The Gift Nifty 50 Futures are currently trading at 25,441.00. Earlier today, the Gift Nifty 50 Futures opened at 25,310.00, reaching a high of 25,467.00 and a low of 25,193.50.
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US GDP Data: Investors are closely monitoring the U.S. GDP growth data, seeking cues about the health of the world's largest economy and its potential impact on global markets.
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US Inflation Data: Along with GDP, the U.S. core inflation data is also under scrutiny, as it could influence the Federal Reserve's monetary policy decisions and, consequently, global liquidity.
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RBI's Optimistic Outlook: The Reserve Bank of India (RBI) in its January bulletin, projected a GDP growth of 7.4% for India in FY26, boosting investor confidence in the domestic economy.
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Rebound in Indian Equities: The Sensex and Nifty 50 rebounded sharply, breaking a three-day losing streak, driven by a revival of buying interest across sectors. The Sensex closed higher by 397.74 points, or 0.49%, at 82,307.37, while the Nifty rose 132.40 points, or 0.53%, to end at 25,289.90.
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Rupee Weakness and FII Outflows: Market sentiment remained cautious due to persistent rupee weakness and continuous foreign institutional investor (FII) outflows.
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Global Risk-On Sentiment: The Indian stock market mirrored gains in global equities, driven by signs of easing geopolitical tensions.
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Gold Price Fluctuations: Gold prices experienced sharp declines in the domestic market. Spot gold fell 0.8% to $4,796.75 per ounce, after reaching a record high of $4,887.82 in the previous session.
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Silver Price Decline: Silver prices also saw a sharp decline, driven by investors booking profits after a significant rally earlier in the year and easing geopolitical tensions.
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Boost in Investor Wealth: The rebound in the stock market sharply boosted investor wealth, with the total market capitalization of BSE-listed companies climbing to Rs 460.6 lakh crore, marking an intraday increase.
