Indian stock markets opened on a positive note on Monday. The NSE Nifty was up by 60.8 points or 0.26% at 23,264, while the BSE Sensex gained 195.3 points or 0.25%, reaching 76,814.63.
Global Market Sentiment
A market expert stated that global stock markets are in a “wait-and-watch” mode as Donald Trump begins his second term as U.S. President. Several executive orders, particularly related to immigration, are expected in the early days of his presidency. Markets will look closely at the nature of these decisions and their potential economic impact. Trump mentioned that he had a “very good” phone call with Chinese President Xi Jinping, which suggests that initially, he may take a more measured approach to tariffs and prefer negotiations with China over escalating trade tensions.
Stocks in Focus
- Wipro: Shares of the IT giant are in focus today after the company reported better-than-expected Q3 earnings, leading to a surge in its stock price.
- Zomato: The food delivery major is set to announce its quarterly earnings later today, attracting investor attention.
Asian Markets
Most Asian markets rose in early trade on Monday, buoyed by hopes that Donald Trump may not be as tough on China as initially feared. The key MSCI Asia ex-Japan index saw substantial gains, rising over 1% to reach 570.93.
With this positive sentiment from global markets, Indian equities are also showing resilience, and investor optimism remains strong across the board.
