Stock Market Opening: Before the swearing-in of President-elect Donald Trump, good news has come for the stock markets around the world. Before taking oath, Donald Trump has talked to Chinese President Xi Jinping, due to which the Asian stock markets are trading at great speed. Now it is believed that its effect can also be seen on the Indian markets and the Indian stock markets can open with a boom on the first trading day of the week.
This conversation between Donald Trump and Xi Jinping is being described as positive. After this conversation, TikTok has started restoring its services in America. Trump has talked about stopping the order in which TikTok will have to find an American buyer within three months.
Due to this news, the Indian stock market is expected to open with great momentum. In Asian markets, Nikkei 225 is trading with a rise of 1.31 percent. There is also a rise in Kospi and Gift Nifty is indicating a positive opening of the Indian markets.
After this conversation between Trump and Xi Jinping, the trade war between America and China is likely to stop. Global markets will keep an eye on Trump’s decisions after taking oath.
The new week is going to be very important for the Indian markets. On the one hand, Trump’s decisions will be monitored, while on the other hand, the market will also keep an eye on the quarterly results of companies. The budget is going to be presented on Saturday 1st February next week. Pre-budget rally can be seen in the market from here. For the last few weeks, the mood of the market has deteriorated due to selling by foreign investors. However, domestic institutional investors are continuously buying.
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