Stock Market Report - January 29, 2025
Indian Stock Market Overview
As of January 29, 2025, Indian shares are expected to open flat as investors remain cautious ahead of the U.S. Federal Reserve's rate decision and the upcoming union budget. The GIFT Nifty futures indicate that NSE Nifty 50 will open close to Tuesday's close of 22,957.25. Despite a marginal relief rally led by financial stocks on Tuesday, both Nifty 50 and BSE Sensex are significantly below their record highs and are facing their worst monthly losing streak in 23 years due to lackluster earnings, foreign outflows, and economic uncertainties.
Analysts expect the Fed to hold the lending rates steady, with its future rate comments being crucial for global markets. India’s union budget, set for February 1, is anticipated to include measures to counter the economic slowdown while maintaining fiscal prudence. Key stocks to watch include Bajaj Auto, TVS Motor, Colgate-Palmolive India, and Mahindra & Mahindra Finance.
Global Stock Market Overview
On January 29, 2025, technology stocks led gains in Asia-Pacific markets following a positive trend in Wall Street, as apprehensions eased regarding the potential disruption by Chinese AI model DeepSeek. The dollar remained strong due to a reallocation by traders from safe-haven currencies, supported by fresh tariff warnings from the Trump administration. The Lunar New Year holidays resulted in reduced trading activities, affecting major markets like mainland China, Hong Kong, Taiwan, Singapore, and South Korea. Japan's Nikkei rose by 0.5%, while Australia's stock benchmark increased by 0.8%, with tech subindexes performing well.
The technology-driven Nasdaq had previously seen significant losses due to concerns over DeepSeek's impact on U.S. AI companies like Nvidia. Investor sentiment improved as analysts suggested DeepSeek may not disrupt the market significantly. Upcoming earnings reports from major tech companies like Meta Platforms, Microsoft, and Tesla, as well as the Federal Reserve's policy decision, are highly anticipated. Meanwhile, currency movements remained relatively stable with slight variations among major currencies. Oil prices also remained stable, maintaining gains from the previous session.
Recent News Articles
Indian shares likely to open flat ahead of Fed decision
Published: January 29, 2025
Indian shares are expected to open flat on Wednesday as investors remain cautious ahead of the U.S. Federal Reserve's rate decision and the upcoming union budget. The GIFT Nifty futures indicate that NSE Nifty 50 will open close to Tuesday's close of 22,957.25. Despite a marginal relief rally led by financial stocks on Tuesday, both Nifty 50 and BSE Sensex are significantly below their record highs and are facing their worst monthly losing streak in 23 years due to lackluster earnings, foreign outflows, and economic uncertainties. Analysts expect the Fed to hold the lending rates steady, with its future rate comments being crucial for global markets. India’s union budget, set for February 1, is anticipated to include measures to counter the economic slowdown while maintaining fiscal prudence. Key stocks to watch include Bajaj Auto, TVS Motor, Colgate-Palmolive India, and Mahindra & Mahindra Finance.
Tech stocks rebound in Asia as DeepSeek worries ease
Published: January 29, 2025
On Wednesday, technology stocks led gains in Asia-Pacific markets following a positive trend in Wall Street, as apprehensions eased regarding the potential disruption by Chinese AI model DeepSeek. The dollar remained strong due to a reallocation by traders from safe-haven currencies, supported by fresh tariff warnings from the Trump administration. The Lunar New Year holidays resulted in reduced trading activities, affecting major markets like mainland China, Hong Kong, Taiwan, Singapore, and South Korea. Japan's Nikkei rose by 0.5%, while Australia's stock benchmark increased by 0.8%, with tech subindexes performing well. The technology-driven Nasdaq had previously seen significant losses due to concerns over DeepSeek's impact on U.S. AI companies like Nvidia. Investor sentiment improved as analysts suggested DeepSeek may not disrupt the market significantly. Upcoming earnings reports from major tech companies like Meta Platforms, Microsoft, and Tesla, as well as the Federal Reserve's policy decision, are highly anticipated. Meanwhile, currency movements remained relatively stable with slight variations among major currencies. Oil prices also remained stable, maintaining gains from the previous session.
Indian stocks set for longest monthly losing streak in over 23 years
Published: January 28, 2025
Indian stocks are experiencing a significant decline, enduring their longest monthly losing streak in over 23 years, influenced by weak earnings, foreign outflows, and economic uncertainty. The Nifty 50 and Sensex have each fallen about 3% in January and are down 12.6% and 11.7%, respectively, from their ::contentReference[oaicite:0]{index=0}
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