Mumbai : America's newly elected President Donald Trump took the oath of office late on Tuesday night. With Trump coming back to power, there has been a sharp rise in stock market trading on Tuesday. Indian stock market has shown growth as soon as it opened. There is a rise in both the major indices of the domestic market in the pre-opening session.
In today's pre-opening session, BSE Sensex is trading at 77,261.72 with a gain of 188.28 points or 0.24 percent. Besides, NSE's Nifty is also trading at 23,421.65 with a gain of 76.90 points or 0.33 percent.
Grassroots action started
Giving information, experts have said that with the introduction of Trump 2.0, a lot of executive action is expected in key areas like tariffs, immigration, tax cuts, deregulation, DOGE and energy security. Ajay Bagga Banking and market expert has told ANI that Trump 2.0 has arrived. More experienced, more determined, and with more executive orders issued on day one. As soon as the Trump Cabinet gets approval, many of these will start getting translated into law and action will begin at the ground level.
Universal tariff not imposed
He further said that in key areas such as tariffs, immigration, tax cuts, regulation, DOGE, and energy security, studies are expected to lead to immediate action or action soon. The US dollar, US bond yields, global markets and global commodities are all moving in deference to the Trump effect. Indian markets are relieved that no universal tariffs have been imposed yet.
Condition of these companies
Among sectoral indices on NSE, all sectors opened with gains, with Nifty Metal and Nifty PSU Bank leading the gainers with gains of up to 0.5 per cent each. Nifty IT gained 0.23 percent. At the time of filing of this report, in the list of Nifty 50 stocks, 37 stocks opened with gains, while 13 declined. UltraTech Cement, Apollo Hospitals, BPCL and Wipro were the top gainers, while Trent, Adani Enterprises, Kotak Bank and NTPC were the top losers in the Nifty 50.
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Asian market situation
In quarterly earnings today, UCO Bank, KEI Industries, Tata Technologies, Dalmia Bharat, PNB Housing Finance, Aditya Birla Real Estate, Indiamart Intermesh and India Cements are some of the major companies that will announce Q3FY25 results. In other Asian markets, the Nikkei 225 index rose more than 1.16 percent, Hong Kong's Hang Seng index rose 1.72 percent, the Taiwan Weighted Index rose 0.51 percent, while Singapore's Straits Times and South Korea's Kospi were down 0.14 percent.
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