IGI Logo

Market Review

US: The US stocks closed with their best weekly gains since the US November presidential election. The S&P 500 and the Dow Jones Industrial Average rose 1.00% and 0.78%, respectively. The tech-heavy Nasdaq Composite advanced 1.51%.

Asia: Stocks in the Asia-Pacific region powered ahead taking cues from a positive Wall Street close, as trades brace for a flurry of policies Donald Trump will announce after swearing-in as the 47th US president.

India: The NSE Nifty 50 and BSE Sensex extended its fall to the second consecutive week with HCL Technologies Ltd. and Infosys Ltd. as the top losers for the week. Market is expected to open on a flattish note and likely to witness range bound move during the day.

Global economy: Argentina brought in its first budget surplus in more than a decade in 2024, data published on Friday showed, marking a win for libertarian President Javier Milei and his sweeping austerity push in his first full year in office. The nation's budget surplus came in at 1.76 trillion pesos, or 0.3% of GDP in the full year, the economy ministry said. Meanwhile the primary fiscal balance, which excludes debt payments, was up to a 10.41 trillion peso surplus, or 1.8% of the GDP.

Guyana's economy achieved its fifth consecutive year of doubledigit growth in 2024, expanding 43.6% as oil output and exports showed solid increases, the Finance minister said on Friday, but the expansion is expected to slow this year. Latin America's newest oil producer last year became the region's fifth-largest crude exporter after Brazil, Mexico, Venezuela and Colombia, and was identified as one of the main contributors to the growth of global oil supplies. The oil sector expanded 57.7%, while the non-oil sector grew 13.1% last year, the minister said.

Commodities: Oil prices recovered on Monday as supply concerns persisted after Washington imposed two rounds of sanctions in the past two weeks on Russia's energy sector over the Ukraine war.

Gold prices fell in early Asian trading on Monday as easing tensions in the Middle East tempered safe-haven demand, while investors awaited Donald Trump's inauguration and clarity on the incoming administration's policies.

Currency: The dollar was hovering near a more than two-year high at the start of a pivotal week on Monday, as Donald Trump re-enters the White House.

Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH00000176