Indian Equity Benchmarks Open Strong

On Tuesday, the Indian stock market witnessed a positive opening with the BSE Sensex and Nifty50 both trading in the green. The BSE Sensex was observed above the 77,100 mark, while the Nifty50 hovered near 23,400. By 9:16 AM, the BSE Sensex had climbed to 77,150.67, marking an increase of 77 points or 0.10%. Similarly, the Nifty50 rose to 23,394.90, up by 50 points or 0.21%.

Global Influences and Market Trends

The domestic markets' upward trend on Monday was influenced by positive global indicators ahead of Trump's inauguration ceremony and notable gains in shares of Kotak Mahindra Bank and Wipro. Market experts are predicting trading within a broad range, with a focus on specific stocks and sectors as third-quarter results continue to emerge.

Asian and European Markets React

Asian and European markets experienced positive momentum on Monday, with Frankfurt reaching unprecedented levels. This was driven by expectations of a more measured trade approach from Trump, encouraged by discussions with China's President Xi Jinping. However, Trump's subsequent stern messages to Ottawa and Mexico City dampened market enthusiasm, causing a downturn across most Asian trading floors.

Market Losses and Dollar Weakness

Several markets, including Shanghai, Singapore, Seoul, Wellington, and Taipei, recorded losses. Tokyo showed marginal gains but remained below its earlier peaks, while Hong Kong maintained slight upward movement alongside Sydney and Manila. The dollar weakened following Trump's measured approach to tariffs. FPIs recorded net sales of Rs 4,336 crore, while DIIs purchased shares worth Rs 4,321 crore. FII positions showed increased net short positions from Rs 3.26 lakh crore to Rs 3.33 lakh crore.