Will Indian Markets Rebound? Key Earnings and Global Trends to Watch Today

Indian Stock Market (January 28, 2025):

Indian markets are set for a modest recovery after hitting seven-month lows. The Nifty 50 and BSE Sensex are expected to open slightly higher, influenced by corporate earnings and global trends. A 3.5% loss in January marks the fourth consecutive monthly decline, the longest in over 23 years. Key factors include subdued earnings, U.S. trade policy concerns, and significant foreign outflows of $7.75 billion. Investors await the Federal Reserve's rate decision and the Indian budget. Stocks like Tata Steel, Coal India, and Bajaj Housing Finance are under focus due to earnings reports.

 

FII and DII Trading Activity for January 27, 2025:

FIIs: Net sell of ₹5,015.46 crore

DIIs: Net buy of ₹6642.15 crore

 

Scrips in Ban Period for January 28, 2025:

Indiamart, Manappuram Finance, MGL, PNB

 

As of January 28, 2025, several prominent Indian companies as mentioned below alongwith many others are scheduled to announce their Quarter 3 earnings today.

 

Bajaj Auto, Bosch, Cipla, CSB Bank, Exide Industries, Indian Oil Corporation (IOC), JM Financial, M&M Finance,,Star Health & Allied Insurance, TTK Prestige, TVS Holdings, TVS Motor Company & UTI Asset Management Company

 

International Stock Market:

Global tech stocks face a major sell-off after the launch of China's DeepSeek AI model, threatening leaders like Nvidia, which saw a record $593 billion market cap loss. Nasdaq dropped 3.1%, with declines in Broadcom, Microsoft, Alphabet, and Marvell Technology. Despite concerns over reduced chip and data center demand, some investors see opportunities to buy quality tech shares.

 

Global Economy:

Markets are bracing for turbulence as DeepSeek challenges U.S. tech firms’ AI dominance and reshapes market dynamics. The S&P 500 and Nasdaq 100 futures fell, with added volatility from new U.S. tariffs on Colombian imports. Key tech players like Nvidia, Microsoft, and Apple are set to announce earnings amid DeepSeek's rise. Investors also await economic data and the Federal Reserve's interest rate stance, with mixed predictions about Australian rate cuts.

 

Currency Markets:

The Japanese yen weakened after safe-haven gains, while the U.S. dollar stabilized. The euro fell 0.6% ahead of a European Central Bank rate cut, compounded by new tariff threats. Treasury yields dropped as investors sought safety. The British pound, Australian dollar, and New Zealand dollar weakened, while Bitcoin remained steady at $101,421.

 

Summary:

The global economy is navigating significant volatility driven by technological advances like DeepSeek and uncertainties in trade policies, with investors closely monitoring AI developments and economic data.

 

Source: Reuters, Financial Express, theaustralian, NSEINDIA, BSEINDIA