FIRST TRADE: Indices open mildly higher; Sensex up 65 points, Nifty at 23,396

Indian equities successful Tuesday's league (January 21, 2025) opened higher tracking affirmative planetary cues. At the open, Sensex opened higher mildly by 0.08 per cent oregon 64.76 astatine 77,138.2, portion the Nifty was up 0.22 per cent oregon 51.3 astatine 23,396.05. 

Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services said, "Trump 2.0 has kicked disconnected without overmuch clarity connected Trump’s apt economical decisions. In his inaugural code helium was wide connected migration but sounded vague connected tariffs. The denotation of a apt 25 per cent tariffs connected Canada and Mexico suggests that the tariff hike argumentation volition beryllium implemented gradually."

The currency marketplace has reacted with a chopped successful the dollar scale to 108.43 and the 10-year enslaved output has declined to 4.54 per cent. This is the classical lawsuit of ‘buy connected rumours and merchantability connected news, helium added. 

It is apt that further delays successful tariff hikes volition weaken the dollar and bring down the enslaved yields. If this happens, it volition beryllium bully for emerging markets similar India. But if the FII flows to India are to crook affirmative consistently, we volition person to spot a prime -up successful India’s GDP maturation and firm earnings. That’s the important macro data to watch.

Technical factors

Anand James, Chief Market Strategist, Geojit Financial Services said, "While 23140 held downsides connected expected lines contempt the aboriginal negativity, upswings failed to find capable momentum to bring down the 23370/90 barrier. It remains the level to beat, arsenic has been the lawsuit past week too, but favoured presumption sees the 23550- 640 objectives continuing to beryllium successful play."

However, for momentum to persist, it would beryllium captious to interval supra 23330 aboriginal successful the day. Else, expect slippages to 23268/48, allowing different accidental for bulls to regroup
 

Asian markets

Asian shares were a mixed container successful volatile league successful Tuesday's commercialized aft the US President Donald Trump did not levy steep tariffs connected China successful his archetypal time successful office. Meanwhile, the cardinal MSCI Asia ex Japan traded 0.69 per cent higher astatine 574.83.