Jan 27, Monday 2025: The stock market has experienced another dip today. The Nasdaq Composite has been falling for 4 days continuing for the 5th day straight. In contrast, The Dow Jones Industrial Average ended higher.
The Indian benchmark indices, Sensex and Nifty50, declined for the second session on Monday. The market condition is pressured by various factors and concerns such as weak corporate earnings, uncertainty about the U.S. trade policy, and ongoing foreign outflows.
At 10:26 am, the BSE Sensex had fallen by 746.91 points (0.98%) to 75,443.55, while the Nifty50 dropped by 237.10 points. The Indian market’s influence was influenced by a range of factors, including anticipation of the December Consumer Price Index (CPI) report.
The resort would provide insights into further Federal Reserve interest rate cuts in 2025.
The Nasdaq Composite declined by 43.71 points, or 0.2%, ending at 19,044.39, marking its worst five-day decline since September. Meanwhile, the S&P 500 gained 6.69 points, or 0.1%, finishing at 5,842.91, and the Dow Jones Industrial Average rose by 221.16 points, or 0.5%, closing at 42,518.28.
Investors are closely watching the upcoming CPI report, as it could determine the extent of future interest rate cuts by the Federal Reserve. Additionally, concerns over inflation and interest rate movements continue to impact market sentiment.
Today, the State Bank of India (SBI) share prices have also dipped as compared to the previous day. The stock closed at ₹753.45, marking a decline of 0.74% from the previous day’s closing price of ₹779.25. The stock’s performance is influenced by various factors, including institutional investor holdings where FII’s investment decreased from 11.5% in September 2024 to 10.71 % by the end of December.
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