- January 14, 2025
Stock Market Updates: Sensex Opens 330 Points Higher At 76,665; Nifty At 23,200 – News18
Last Updated:
Indian benchmark indices, BSE Sensex and Nifty50, opened higher on Tuesday, buoyed by mixed global cues.
Sensex Today.
Indian benchmark indices, BSE Sensex and Nifty50, opened higher on Tuesday, buoyed by mixed global cues.
At the opening bell, the BSE Sensex was up by 334.80 points, or 0.44%, at 76,664.81, while the Nifty50 rose by 110.05 points, or 0.44%, to reach 23,196.
Global Cues
Markets in the Asia-Pacific region traded mixed on Tuesday, following a mixed session on Wall Street.
- Australia’s S&P/ASX 200 gained 0.26%.
- Japan’s Nikkei 225 fell by 1.54%, and the Topix dropped by 1.10%.
- South Korea’s Kospi edged down by 0.08%, while the Kosdaq rose by 0.25%.
- Hong Kong’s Hang Seng index was up 0.57%, and mainland China’s CSI 300 rose by 0.5%. The Shanghai Composite gained 0.59%.
Japan’s 40-year government bond yield rose to 2.755%, the highest since 2007, according to data from LSEG.
Global stock indices mostly saw declines on Monday, with US Treasury 10-year yields reaching 14-month highs. A resilient US economy and ongoing inflationary pressures led investors to consider the possibility that the Federal Reserve may pause its easing cycle.
The US dollar index surged to its highest level in over two years. While the Nasdaq dropped, the benchmark S&P 500 recovered from a two-month low to finish with a slight gain.
Investors are closely watching Wednesday’s US Consumer Price Index (CPI) data. Any upside surprises in the report could heighten concerns that the Fed may halt its rate cuts. A Reuters poll of economists anticipates a median forecast of a 2.9% annual rise, up from November’s 2.7%, with a monthly increase of 0.3%.
US producer prices data is also due on Tuesday.
On Friday, the US nonfarm payrolls report showed a stronger-than-expected gain of 256,000 jobs in December, the largest increase since March, well above the anticipated 160,000 rise.
Investors are also concerned about potential inflationary impacts from US President-elect Donald Trump’s policies on tariffs, migration, and taxes.
Markets are currently pricing in around 27 basis points of cuts from the Fed this year, with a 52.9% probability of a rate cut in June. The next Fed policy meeting is scheduled for January 28-29.
