Image Source : INDIA TV Stock market update for January 10.
Stock market update: Equity benchmark indices surged in early trade on Friday amid strong trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex rose 60 points to 77,680. Meanwhile, the Nifty was also up by 25.40 points to 23,551.
As per experts, persistent selling by foreign institutional investors (FIIs) has added pressure to Indian markets. Additionally, near-flat consumer prices in China present further downside risks, as the global economy contends with multiple headwinds. The Reserve Bank of India’s upcoming monetary policy meeting in February is also a critical event for domestic investors, who are navigating a challenging environment marked by global volatility and localized pressures.
The interplay of these factors suggests that market participants will closely monitor global and domestic developments in the days ahead, influencing equity market movements.
More details to be added.
