Home World News 4 factors that could affect the Nifty and Sensex on Friday, January 20, 2023

Thursday, 19 January 2023

4 factors that could affect the Nifty and Sensex on Friday, January 20, 2023

 

The stock market on January 19, 2023, on Friday

On Friday, trading in Indian financial markets will restart amid a variety of national and international variables. The S&P BSE Sensex and NSE Nifty50's frontline indices finished the day in the red on Thursday, snapping a two-day winning streak. On the weekly expiry day, the Sensex dropped to 60,858.13, down 187.31 points or 0.31 percent, and the Nifty50 closed at 18,084.15, down 81 points or 0.45 percent. Bank Nifty, a measure of the banking sector, ended the day at 42,293.95 down 164.05 points or 0.39 percent.

1. USA  marketplace

Thursday saw more weakness on Wall Street. The three benchmark indices were all down. S&P 500 was trading at 3,904.19, down 24.67 or 0.63 percent, while Dow 30 was trading at 33,102.20, down roughly 200 points or 0.58 percent. The Nasdaq Composite was down 82.67 points or 0.75 percent, trading at 10,874.30. Dow futures were down 149.10 points or 0.45%, trading at 33,147.90.

The SGX Nifty, situated in Singapore, a leading predictor of Nifty movement, was trading at 18,131.5, up 18 points or 0.10 percent.

Indian markets will follow global market trends when they open tomorrow.

2. Dollar vs. Rupee

On Thursday, the rupee lost 7 paise to end at 81.37 (provisional) against the US dollar as a result of foreign investment withdrawals and a flattened trend in local stocks. The rupee started out at 81.45 versus the dollar on the interbank foreign currency market and ended up falling 7 paise to 81.37. The rupee's exchange rate to the US dollar had reached 81.30 during the previous session on Wednesday. The dollar index, which measures the value of the dollar against a basket of six different currencies, was down 0.21% at 102.14. PTI

3. 2023 Q3 Results

On Thursday, a number of publicly traded corporations released their quarterly results. Asian Paints, AU Small Finance Bank, Hindustan Zinc, Polycab, PVR, and Havells India were a few among them. On Friday, a number of businesses will release their quarterly results. Results for the December quarter will be released by HDFC Life, JSW Steel, and Reliance Industries in the Nifty50 Pack. Aether Industries, Atul Auto, Bandhan Bank, Coforge, Shakti Pumps, RBL Bank, Nelco, and Petronet LNG are some further companies.

4. NASDAQ in News

Based on news-related developments, some firms are anticipated to move, including Sun Pharmaceutical's acquisition of Concert Pharmaceuticals, Anil Somany's appointment as CFO of Bata India, and TVS Motor's board meeting on January 24 to discuss an interim dividend. As the food authority FSSAI announces guidelines for basmati rice, rice stocks may be in use.