Indian stock markets opened slightly lower on Thursday, continuing their downward trajectory despite global optimism following Donald Trump’s election victory. The Nifty 50 index opened at 24,489.60 points, marking a minor decline, while the BSE Sensex was down by 0.16%, trading at 80,248.60 points in early hours.
Trump’s victory fueled global market rallies, but Indian markets haven’t mirrored this, as analysts foresee potential U.S. policy shifts.
Also Read: Stock Market Soars as Sensex Nears Record High Amid Strong US Election Influence
V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, commented on the long-term effects of Trump’s pro-business agenda, stating that initiatives like “America First” could strengthen the U.S. economy. However, he also warned that aggressive policies, such as imposing heavy tariffs on imports, could spur inflation and disrupt global markets. This outlook adds a layer of caution for investors globally.
In India, the sectoral indices displayed mixed results. While Nifty Auto, Pharma, IT, and FMCG stocks showed some gains, Nifty Bank, Metal, and Private Bank indices experienced declines.
Foreign Institutional Investors (FIIs) have continued to drive market sentiment as they have been net sellers for several sessions.
In corporate news, Mahindra & Mahindra, Trent, and Lupin are set to announce their quarterly earnings today, providing fresh insights that could shape market trends moving forward.
Asian markets also showed varied reactions, with Japan’s Nikkei dropping by 0.4%, while Hong Kong’s Hang Seng and Taiwan’s Weighted Index posted gains. Despite the U.S. rally, investors remain cautious, focusing on upcoming earnings reports and global economic shifts.
As Indian markets continue to face pressure, experts advise caution and suggest monitoring key levels for potential market movements.
