As Donald Trump takes swears in, the Indian equity indices opened Tuesday’s trading session gap-up. The NSE Nifty 50 opened 64 points or 0.27% higher at 23,253.15, while the BSE Sensex rose 76.44 points or 0.10% to open at 77,149.88. However, the Nifty and Sensex both slipped to red. The Nifty 50 was down 172 points or 0.74% to trade at 23,172.70 while the Sensex was down more than 700 points or 0.93% to quote at 76,359.88.
The GIFT Nifty indicated a higher opening for the stocks. The GIFT Nifty was up 96 points or 0.41% at 23,450. During the pre-open session, the Nifty 50 was up 77 points or 0.33% at 23,421.65 while the Sensex was up 188 points or 0.24% at 77,261.72.
Apollo Hospitals, UltraTech Cements, Wipro, Shriram Finance, and BPCL were the top gainers in the Nifty 50. On the other hand, Adani Enterprises, NTPC, Trent, Kotak Mahindra Bank, and Adani Ports were the major losers in the Nifty 50. Kotak Mahindra Bank, HDFC Bank, Bajaj Finance, Wipro, and ICICI Bank were the significant contributors to the rise of Nifty 50.
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“Trump 2.0 has kicked off without much clarity on Trump’s likely economic decisions. In his inaugural address, he was clear on immigration but sounded vague on tariffs. The indication of a likely 25% tariff on Canada and Mexico suggests that the tariff hike policy will be implemented gradually,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Out of 2,308 stocks traded, 1,723 stocks were trading in the green while 538 declined, as per the data on NSE.
Bank Nifty opened 154 points or 0.31% higher to trade at 49,505.20. The Nifty Midcap 100 gained 21 points, or 0.04%, to open at 55,085.15.
Among the sectoral index,
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