(RTTNews) – Greater GIFT Nifty and agency Asian markets level to a constructive begin for Indian shares Monday morning. Nonetheless, uncertainty surrounding U.S. commerce and financial insurance policies and fears of tariffs might restrict market’s upside.
Some discount looking is probably going after eight successive days of losses.
Indian shares prolonged losses for an eighth straight day working on Friday regardless of constructive cues from international markets, a weaker greenback and a dip in U.S. Treasury yields. Traders had been nervous regardless of U.S. President Donald Trump asserting a delay in implementing reciprocal tariffs till April.
The benchmark 30-share BSE Sensex ended the session down 199.76 factors, or 0.26%, at 75,939.21. The broader NSE Nifty index closed at 22,929.25, down 102.15 factors, or 0.44%, from its earlier shut.
In company information, Glenmark Prescription drugs reported consolidated web revenue of Rs 348 crore for the quarter ended December 31, 2024, as in opposition to a web lack of Rs 315 crore within the year-ago quarter.
Godrjej Properties Restricted shares might be in focus after the corporate stated it has acquired 12 land parcels within the 9 months to December 2024, to develop housing initiatives price Rs 23,450 crore.
SAIL introduced that it’s planning to arrange a brand new rail mill at an funding of $800 million.
In accordance with a report launched by the Reserve Financial institution of India on Friday, India’s international trade reserves jumped $7.654 billion to $638.261 billion within the week ended February 7.
U.S. shares turned in a comparatively lackluster efficiency throughout buying and selling on Friday. The foremost averages bounced forwards and backwards throughout the unchanged line earlier than ultimately ending the day blended.
Whereas the tech-heavy Nasdaq climbed 81.13 factors or 0.4% to twenty,026.77, the S&P 500 edged down 0.44 factors or lower than a tenth of a p.c to six,114.64 and the narrower Dow fell 165.35 factors or 0.4% to 44,546.08.
The Nasdaq surged by 2.6% final week, whereas the S&P 500 jumped by 1.5% and the Dow superior by 0.6%.
The temper was a bit cautious amid uncertainty in regards to the near-term outlook for the markets following Thursday’s rally, which noticed the S&P 500 soar close to its document highs regardless of information exhibiting a much bigger than anticipated improve by producer costs.
Merchants had been additionally digested blended batch of U.S. financial information, together with a Commerce Division report exhibiting retail gross sales slumped by way more than anticipated in January.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
