5 Factors Why Sensex, Nifty Rebounded Today After Crash on Monday
MC Desk | January 14, 2025
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Sensex and Nifty bounced back on January 14 after four days of sharp decline on easing retail inflation and a rebound in global markets.
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Sensex rose 169.62 points or 0.22 percent to settle at 76,499.63. During the day, it surged 505.6 points or 0.66 percent to 76,835.61. Nifty climbed 90.10 points or 0.39 percent to 23,176.05.
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Factors Why Sensex, Nifty Rebounded Today
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Markets found some relief globally as reports indicated that the Trump administration may implement gradual tariff hikes in phases instead of a large increase at once, reducing inflationary risks.
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Indian rupee showed some recovery, opening at 86.52 per dollar after hitting a historic low of 86.69 on Monday. The easing of the dollar index supported the rupee, providing a breather to import-dependent sectors. Oil prices slipped in early trade on Tuesday, although they remained near four-month highs.
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India’s retail inflation for December fell to a four-month low of 5.22 percent, below market expectations of 5.3 percent.
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Adani group stocks continued to rally, with Adani Enterprises and Adani Ports rising 7.9 percent and 5.8 percent, respectively, emerging as the top contributors to Nifty gains.
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