The 45th President of the US swore into office on January 20, vowing to 'Buy American and Hire American', a diktak that may weigh on the domestic markets on Monday.

In a bid to bring prosperity and jobs back to the country, President Donald Trump has not moved away from the conservative slogans of Candidate Trump, something that a lot of experts were rooting for.

Mumbai: The benchmark Sensex Index on Friday fell 1%, its steepest fall in seven weeks, after private lender Axis Bank slumped nearly 7% on reports of its asset quality worsening further.

Information technology and pharmaceutical stocks fell ahead of Donald Trump’s inauguration as president of the US on fears of his policies having an impact on these sectors.

Indian stock markets opened weak on Friday, tracking SGX Nifty, Asian markets and global stocks, ahead of Donald Trump’s inauguration as the 45th President of the United States. BSE Sensex was down 0.23% at 27,244.55 points and NSE Nifty was down 0.25% at 8,414.35 points in early morning trade. Asian equities slipped as caution prevailed in financial markets ahead of the US President-elect Donald Trump’s inauguration, even as China’s fourth-quarter economic growth beat expectations and Federal Reserve Chair Janet Yellen took a less hawkish policy stance.

The benchmark BSE Sensex recovered by nearly 22 points to close at 27,257.64 points on Wednesday on fresh buying by investors as well as funds mainly in metal and financial stocks amid firm global markets. The broader NSE Nifty too closed above 8,400-mark with total gains of 19 points at close.

Sentiment remained firm for the better part of the session as buying picked up momentum after other Asian markets rose.

India’s stock markets became mildly positive in the early morning trade today, after opening almost flat on mixed cues from other emerging markets. Asian markets were trading mixed as investors were cautious ahead of UK Prime Minister Theresa May’s communication, where she may lay out plans to exit from European Union. Nikkei was down nearly 0.5%, while the Korean market was trading up over 0.5%.

Reliance Industries, which announced yesterday its fiscal third quarter net profit rose 4.2% on-year to Rs 7,506 crore, fell sharply and was trading down 1.5% at Rs 1,060.85 on BSE.

The BSE and National Stock Exchange (NSE) were trading in the red on Monday morning following weakness in the Asian markets.

The BSE was trading at 27,172.78, 65.28 points or 0.24% while the NSE was trading at 8383.00 down 17.35 points or 0.21% lower from previous close.

Sensex surged over 151 points to breach the 27,000-level and Nifty hit the crucial 8,300-mark in opening trade following widespread gains as investors widened their bets amid a firming trend in Asian markets.

However, caution prevailed ahead of macroeconomic data and quarterly earnings from blue-chip companies.

Mumbai: Market benchmark Sensex rebounded by over 173 points to finish at 26,899.56 on Tuesday as domestic investors heavily bought into recently battered metal, auto and oil & gas stocks amid a higher opening of the European markets.

Sensex snapped its two-day falling streak, supported by value-buying in select blue-chip stocks amid mixed global cues. The gauge had lost 151.69 points in the previous two sessions ahead of earnings season and macroeconomic numbers due this week amid looming fears of a slowdown in the country’s GDP growth.

MUMBAI: Marked by day-long swings, the stock market came off its nearly two-month high by falling over 119 points to close at 26,759, stumped by IT worries following proposed visa curbs in the US.

The NSE nifty too briefly retook the 8300 level before capitulating.

The market made a solid opening today as the benchmark Sensex gained over 103 points taking support from domestic investors, extending its yesterday’s rally on the back of a firm Asian trend.

Moreover, an appreciating rupee brought more cheer.

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