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Street at 7-month low as Trump rattles investors

Hindustan Times Bengaluru

|

January 22, 2025

FII selling in Jan hits ₹52,317 crore; more pressure likely as liquidity stays tight

- Dipti Sharma

MUMBAI: Donald Trump's sabre-rattling before and after his swearing-in sent Indian markets scurrying for cover on Tuesday, with benchmarks Nifty 50 and S&P BSE Sensex tumbling to their respective seven-month lows, leaving investors poorer by ₹7.5 lakh crore.

Investors were already in a sombre mood, thanks to sluggish corporate earnings, foreign investor sell-offs, and pre-budget jitters. The uncertainty sparked by the new US president's assertions and executive actions on his day one in office only added fuel to the fire.

The Nifty 50 fell 1.4% to close at 23,024.65, while the Sensex slumped 1.6%, ending the day at 75,838.36. Further, all sectoral indices closed in the red on Tuesday, with Nifty Realty and Consumer Durables taking the biggest hits, falling by more than 4% each.

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SKIPPER BAVUMA RETURNS FOR SOUTH AFRICA'S TWO-TEST SERIES AGAINST INDIA

Temba Bavuma ‘was on Monday namedas captain of South Africa’s squad for two World Test Championship matches in India next month having recovered from injury.

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A Coldplay warm-up for Sophie Turner?

It seems love may be striking a new chord in the West. Game of Thrones star Sophie Turner and Coldplay frontman Chris Martin have reportedly started dating after both endured highly publicised breakups earlier this year.

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Tanvi’s World Juniors high kindles the Saina-Sindhu successor talk

Who after Saina Nehwal and PV Sindhu? The question had hovered over Indian badminton for around a decade, with no expert able to provide an answer.

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Govt approves ₹5,532 cr projects under ECMS

The Union government on Monday approved the first batch of projects under the Electronics Components Manufacturing Scheme (ECMS), with seven proposals cleared involving a total investment of ₹5,532 crore, with an expected production output of ₹44,406 crore and the creation of more than 5,100 direct jobs.

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SC seeks states’ data on cases of ‘digital arrest’

The Supreme Court ‘on Monday sought details of cyber crimes involving “digital arrest” pending investigation before all states and union territories as it considered a larger probe by one agency, preferably the Central Bureau of Investigation (CBI), to examine all cases.

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Jaishankar flags energy trade constraints, unstable markets

India's growing concerns about constriction of energy trade, market access and supply chain reliability were highlighted by external affairs minister S Jaishankar at the East Asia Summit in Malaysia on Monday, against the backdrop of strains created by geopolitical disputes, tariffs and trade sanctions.

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Top court upholds HC order to resume MGNREGA in Bengal

The Supreme Court ‘on Monday upheld a Calcutta high court order directing the Centre to resume the employment guarantee scheme of MGNREGA in West Bengal

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SC SLAMS MAHA GOVT OVER POOR COMPENSATORY AFFORESTATION

The Supreme Court on Monday slammed the Maharashtra government over the compensatory afforestation carried out in lieu of trees cut in Aarey forest after an inspection of the over 20,000 saplings revealed that only 50% of trees had managed to survive.

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Bengal transfers 527 bureaucrats ahead of SIR rollout, row erupts

In one of its largest administrative rejigs, the West Bengal government on Monday transferred 527 Indian Administrative Service (IAS) and West Bengal Civil Service (WBCS) officials ahead of the rollout of the special intensive revision (SIR) of electoral rolls in the state.

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Cultural motifs shape parties’ electoral plans

Culture becomes poll pitch

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4 mins

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