Stock Market Today January 12: Indian stock market continued its decline today amid rising geopolitical tensions and uncertainty surrounding the India-US trade agreement. By 9:22 AM, Sensex had fallen 95 points or 0.44 percent to 83,212, and the Nifty had dropped 95 points or 0.37 percent to 25,588. The broader market indices mirrored the benchmark indices, with the Nifty Midcap 100 declining by 0.33 percent and the Nifty Smallcap 100 falling by 0.57 percent. Except for metals and FMCG, all other sectoral indices were in the red, with pharmaceuticals, realty, and media sectors registering declines of over 1.4 percent.
Expert on Stock Market
Market analysts say that immediate support for the Nifty is present in 25,500-25,600 range, while a sustained breakout above 25,800-25,850 is necessary to stabilise momentum in the near future. The US administration’s erratic comments are complicating the US-India trade deal. The Venezuela crisis, the Iran crisis, and US President Donald Trump’s threats regarding Greenland are also causing concern in the stock markets, leading to a rise in India’s VIX.
Stock Market Today January 12
On the NSE, sectoral indices mostly opened lower. Except for Nifty Metal, Nifty PSU Bank, and Nifty Realty, all other sectors witnessed declines. Nifty Auto fell by 0.11 percent, Nifty IT by 0.23 percent, Nifty Media by 0.22 percent, Nifty Pharma by 0.01 percent, and Nifty Consumer Durable by 0.18 percent.
Asian Market Today
Following gains on Wall Street last week after the US jobs report showed a decline in the unemployment rate, Asia-Pacific markets rose in the morning session. In Asian markets, China’s Shanghai Composite index rose 0.75 percent and the Shenzhen index rose 1.31 percent, Japan’s Nikkei index rose 1.61 percent, and Hong Kong’s Hang Seng index rose 0.74 percent. South Korea’s KOSPI index rose 1.08 percent.
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