There was a mixed reaction in the market on the beginning of the new year on January 1. In the stock market, Sensex opened with a rise while Nifty opened with a fall. By 9.30 am, the Sensex opened at 78,157 with a slight gain of 18.21 points. While Nifty opened with a slight fall of 0.55 points at 3,644 points. If we look at the situation after this, Sensex was once again seen trading in the red mark.
Market in red mark in new year
The rise in US bond yields (US Treasuries) has had a negative impact on emerging stock markets. Due to which foreign investors are withdrawing money from these markets. Out of 13 major sectors of the stock market, 10 opened with a decline.
The US dollar has strengthened on signs of less frequent US interest rate cuts in the new year 2025 and a rise in US treasury yields, which has boosted foreign inflows from emerging markets like India.
The benchmark Nifty and Sensex indices hit record highs in the first few months of 2024. However, weak quarterly results from companies and selling by foreign investors reduced the market’s year-to-date gains to about 8.5% and pushed the stock towards a correction. ,
