Indian Stock Market on 24.01.25

Friday brought a whirlwind of action across global markets, with a mix of policy announcements, earnings disappointments, and geopolitical shifts driving the narrative. The Japanese yen g firmed up 0.5% to 155.32 per dollar, while the two-year Japanese government bond yield climbed to levels last seen in 2008. European stocks have been basking in investor interest, with January witnessing the second-strongest inflows in 25 years, according to Bank of America. However, earnings forecasts remain tepid, with Q4 growth expectations trimmed to 1.5% year-on-year. Still, optimism persists as this would mark the third consecutive quarter of profit growth.
Back in India, the markets couldn’t hold onto early gains. Both the Nifty 50 and Sensex slipped into the red, marking their third straight week of declines. The Nifty shed 0.49% to close at 23,092, while the Sensex fell 0.43% to end at 76,190. Small-cap and mid-cap stocks faced heavy selling, with indices falling by up to 4% for the week. Continued outflows by foreign portfolio investors (FPIs) weighed heavily, with January seeing ₹66,321 crore pulled out so far.
On the commodities front, gold prices dipped slightly, with gold trading at ₹8,225.3 per gram, down ₹20. Silver price remain witout changes with 99500.0 per kg. Oil prices remained steady too but poised for a weekly decline, with Brent crude at $78.23 per barrel and WTI at $74.39. This comes amid U.S. President Donald Trump’s aggressive push to ramp up domestic energy production, adding pressure on OPEC to lower crude prices.