Nifty, Sensex in pink amid world bond market strain – OXBIG NEWS NETWORK-OxBig News Network

Mumbai (Maharashtra) [India], May 22 (ANI): Indian inventory markets opened decrease on Thursday as world sentiment remained weak as a result of rising considerations over debt and deficit ranges within the United States.

The strain within the bond markets worldwide has impacted investor temper, as markets reacted to US President Donald Trump’s debt financing and spending plans.

The Nifty 50 index opened at 24,733.95, down by 79.50 factors or 0.32 per cent. Similarly, the BSE Sensex began the day at 81,323.05, slipping by 273.58 factors or 0.34 per cent.

Market specialists stated that world markets are below strain as a result of bond markets throughout areas, from the US to Japan and Europe, are witnessing excessive volatility.

This is being seen as a warning signal linked to rising worries across the US debt state of affairs and financial deficit, significantly because of the impression of Trump’s tax cuts and elevated authorities spending.

Ajay Bagga Banking and Market knowledgeable advised ANI, “Bond markets from the US to Japan to Europe are throwing a tantrum as a warning. US markets had a 1 per cent plus fall on the again of worries on the debt and deficit impression of the Trump tax cuts and spending plan. Asian markets are likewise following the US lead.

He additional stated, “An public sale of a US 20-year Treasury was not met with as a lot enthusiasm as anticipated. We suppose the structural points within the US fiscal math and debt burden stay, nevertheless, markets are edgy with out giving time for developments to play out. We suppose a ten per cent common tariff, tax cuts and deregulation will create a robust atmosphere for threat belongings down the road. Trump has proven his sensitivity to market suggestions and we count on higher outcomes then what are being priced in by world markets at current”.

In the sectoral indices, Nifty Media was the one one to open within the inexperienced. All different sectors had been within the pink throughout early commerce. Nifty IT was down greater than 1 per cent, whereas Nifty FMCG slipped by 0.78 per cent. Nifty Auto additionally declined by 0.67 per cent, and Nifty Metal was marginally decrease by 0.08 per cent.

Among the highest gainers within the Nifty 50 in the course of the opening session had been Adani Ports, Adani Enterprises, Jio Financial Services, Tata Steel, and NTPC. On the shedding facet, Tech Mahindra, Power Grid, HCL Technologies, Trent, and Shriram Finance noticed probably the most strain.

On the earnings entrance, a number of main corporations are scheduled to announce their quarterly outcomes right this moment for the fourth quarter of the monetary 12 months ended March 2025.

These embody ITC, Sun Pharmaceutical Industries, Grasim Industries, GMR Airports, Container Corporation of India, Metro Brands, The Ramco Cements, Emcure Pharmaceuticals, Gujarat State Petronet, Deepak Fertilisers and Petrochemicals Corporation, Clean Science & Technology, and TBO Tek.

Asian markets additionally mirrored the weak sentiment. Japan’s Nikkei 225 index declined by 0.9 per cent, Singapore’s Straits Times fell by 0.3 per cent, Hong Kong’s Hang Seng dropped 0.4 per cent, and South Korea’s KOSPI misplaced greater than 1.3 per cent on the time of this report. (ANI)

(The story has come from a syndicated feed and has not been edited by OXBIG NEWS NETWORK Staff.)