Indian Markets Open Flat, Nifty-Sensex Slide Amid Selling Pressure

Share Market: Indian markets opened flat on Thursday with a slight decline, which continued the selling pressure in both major indices. The Nifty 50 index opened 16.90 points or 0.07 per cent lower at 23,542.15, while the BSE Sensex fell 54.01 points or 0.07 per cent to 77,636.94.

What is Causing Market to Decline?

Experts said the market is likely to continue its downward trend till February and may witness a reversal after Trump takes office. The "Trump Antiseparation Trade" dominates the markets. Banking and market expert Ajay Bagga talked to media, "Indian markets continue to have a downward trend, which is impacted by declining corporate earnings, above-target inflation readings and below-target economic growth. The FII outflow continues unabated. The fishermen below are finding swamps under their feet.

Market Fluctuations till February

We're more than halfway through this reform, but that could change by February, given Moushumi and Trump's inauguration. We have to fasten the seat belts. The twist will come". "Trump anticipation is dominating the business markets," he added. The appointment of every hawk in China is increasing this business. A strong U.S. dollar, higher U.S. Treasury yields and rising EM outflows are all first-order effects of the Trump trade". In the sectoral indices on the National Stock Exchange, except Nifty Auto, Nifty Metal and Nifty Realty, all other indices opened with a decline. Nifty Consumer Durables faced selling pressure during the opening session. Hindustan Aeronautics, Hero MotoCorp, Muthoot Finance, Bharat Forge and Grasim Industries are some of the leading companies to announce their second quarter results today.

(Input From ANI)

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