Stock Market Live: Nifty, Sensex Fluctuate On Mixed Tariff Signals; ICICI Bank, RIL Drag; IT, FMCG Stocks Gain Sai Aravindh NDTV Profit

Stock Market Live: Nifty, Sensex See Sharp Recovery

Indian benchmark indices saw sharp recovery after wiping out over Rs 6.7 lakh crore in investors wealth on Tuesday as traders received mixed cues from US President Donald Trump’s first day in office.

The S&P BSE Sensex Index was up 75 points, or 0.1%, at 77,148 while the NSE Nifty 50 was 40 points or 0.15% higher at 23,374 , as of 12:00 p.m. During the session, the NSE Nifty 50 fell as much as 0.93% while the 30-stock Sensex plunged 1.1%.

Trump initially opted against announcing any new levies but the dollar later rose as he plans to impose threatened tariffs of as much as 25% on Canadian and Mexican imports as soon as Feb. 1.

The volatile trading came after US stock futures had rallied and the dollar fell Monday when the president held off from imposing higher global tariffs.

Stock Market Live: Macro Check As Of 12:00 P.M.

• The Dollar Spot Index at $108.43

• Rupee Strengthened by 6 paise to trade at 86.51.

• India 10-Year Bond Yield at 6.78%

• U.S. 10-Year Bond Yield at 4.55%

• Spot gold rose 0.59% to $2,724.31 an ounce

• Bitcoin fell 0.09% to $101,682.81

Stock Of The Day: Oberoi Realty Shares Test Key 200-DMA After 20% Fall In 2025

Shares of Oberoi Realty Ltd. started the new year on a sour note as the stock plunged by 20% in 15 sessions this year. The outlook for the realty major worsened after the third quarter sales missed street expectations.

From its life-high on Dec. 31, the stock has fallen by nearly 21% following over 60% rally in 2024. Including today’s session, the scrip has fallen in 11 out of the 15 trading days this year.

The stock currently finds support near the crucial 200-day moving average at the Rs 1,855 level. A close below this mark could send the stock further down, indicating a long-term negative downtrend. The next support for the stock lies near the Rs 1,700 level.

The scrip saw its momentum switch on the downside with an engulfing candle on Dec. 30 last year, after hitting resistance at the life-high level. The immediate resistance for the scrip will be near the psychological mark of Rs 2,000.

The stock fell as much as 7.7% to Rs 1,847 per share on Tuesday, compared to the 0.93% fall in Nifty 50. The relative strength index was at 29.

Eleven out of the 37 analysts tracking the company have a ‘buy’ rating on the stock, 12 suggest a ‘hold’ and four have a ‘sell’, according to Bloomberg data. The average of the 12-month analysts’ price target implies a potential upside of 11.5%.

Stock Market Live: MCX Shares Fall As Morgan Stanley Flags Stretched Valuation

Multi Commodity Exchange Ltd.’s share price fell nearly 8% in early trade on Tuesday after it reported third quarter financial results that clouded outlook on valuations.

Consolidated net profit rose 4.17% sequentially to Rs 160 crore, meeting the estimate of Rs 163 crore as per analysts’ consensus compiled by Bloomberg. Revenue increased 5.5% to Rs 301.4 crore, compared to the projection of Rs 294 crore.

Morgan Stanley said the commodity trading bourse’s current valuation is stretched given low conviction on sustainability of revenues. The stock trades at 42.5 times its earnings projection, compared to 23 times for comparable companies, according to Bloomberg data.

Read more here.

Stock Market Live: Ram Ratna Wires Gets Approval Under PLI Scheme

Ram Ratna Wires Ltd. received approval under PLI Scheme for White Goods (Air Conditioners), according to an exchange filing on Tuesday.

The company committed an investment of Rs 253 crore under the PLI scheme for copper tube and aluminum stock for foils or fins for heat exchangers.

Stock Market Live: Hyundai Motor Localises Over 1,200 Key Components

Hyundai Motor India Ltd. localised over 1,200 key components and elective vehicles battery-packs while achieving up to 92% localisation in manufacturing via strategic indigenisation roadmap.

The automaker commenced local assembly of battery-packs at Chennai manufacturing facility, according to an exchange filing on Tuesday. Hyundai CRETA Electric First model will become equipped with locally assembled battery-packs.

Stock Market Live: Trump’s Economic Policies Muddled, Says Ramesh Damani

US President Donald Trump’s economic policies are muddled and his hawkish stance on trade will be constrained by the pulls and pushes of actual governance, according to market veteran Ramesh Damani.

Read more here.

Stock Market News Live: Indian Markets To Remain Directionless, Says Kotak 

Kotak: What Could Go Wrong in 2025

• Expect the early part of 2025 to be similar to the second half of calendar year 2024.

• Indian markets are expected to stay directionless.

Key Headwinds for Indian Markets

• Expensive valuations across caps and sectors.

• Earnings resets.

• Structural issues in domestic consumption demand.

Global Markets Face Uncertainty From

• Uncertain policy measures from the US administration.

• High geopolitical tensions.

Kotak: Portfolio Changes

• Reduce weight on ICICI Bank by 90 basis points.

• Increase weight on IndusInd Bank by 90 basis points.

• Remove Britannia from portfolio.

• Reduce weight on United Spirits by 40 basis points.

• Allocate 30 basis points weight to Dabur.

• Remove SBI Life Insurance from the portfolio.

• Allocate 50 basis points weight to HDFC Life.

• Increase weight on ICICI Prudential by 80 basis points.

• Increase weight in Adani Ports by 50 basis points.

• Increase weight in Cipla by 50 basis points.

Stock Market News Live: Swiggy Shares Fall Over 10%

Swiggy Ltd.’s share price saw a significant decline on Tuesday, falling by 10.62% to Rs 428, approaching its listing price of Rs 420. The drop comes amid broader market concerns affecting the food delivery sector, as peer Zomato also experienced a sharp 13% decline following a disappointing quarterly report.

Read more here.

Stock Market News Live: Motilal Oswal Expectations on MSCI February Inclusions

• No fresh inclusions are expected in the upcoming review.

• Two stocks have a high probability of moving from the Smallcap Index to the Standard Index.

• Two stocks have a medium probability of moving from the Smallcap Index to the Standard Index.

• Zomato’s weight is expected to increase by 0.11%.

• Flows of $105 million are expected in Zomato.

Stock Market News Live: Mankind Pharma Shares Fall After Macquarie Downgrade

Macquarie downgraded Mankind Pharma Ltd. to ‘underperform’ and lowered its target price on the stock as well, as the brokerage sees risks to the execution of the Bharat Serum and Vaccines acquisition, even as positives are baked in.

Share price of Mankind Pharma fell nearly 3% after receiving the downgrade. The brokerage cut the target price to Rs 2,150 per share.

Mankind Pharma Ltd. stock fell as much as 3.31% during the day to Rs 2,615 apiece on the NSE. It was trading 2.97% lower at Rs 2,624.3 apiece, compared to a 0.78% decline in the benchmark Nifty 50 as of 10:34 a.m.

Read more here.

Stock Market News Live: Nifty, Sensex Plunge To Day’s Low

India’s benchmark indices slipped to the day’s low alongside its Asian peers as traders were caught off guard by US President Donald Trump’s renewed tariff plans on Mexico and Canada.

The fall in the benchmark indices was led by Reliance Indsutries Ltd., ICICI Bank Ltd. and HDFC Bank Ltd. Meanwhile, Trent Ltd., Bajaj Finance Ltd. and Maruti Suzuki Ltd. also plunged in trade.

The S&P BSE Sensex Index was down 610 points, or 0.8%, at 76,430 while the NSE Nifty 50 was 160 points or 0.69% higher at 23,177, as of 10:22 a.m.

Trump held off from using executive orders to impose higher global tariffs in his inauguration. He plans to issue a memorandum that directs federal agencies to study existing trade policies and relationships with China, Canada and Mexico, the Wall Street Journal reported. 

Stocks in China fluctuated after the president opted against announcing any new Chinese tariffs on his first day in office.

Stock Market Live: Paytm’s Path To Profitability Remains Uncertain

One97 Communication Ltd.’s third quarter performance has prompted mixed reactions from analysts, with several brokerages maintaining cautious stances on the company’s outlook, even as loss narrowed.

Despite some positive developments, such as a strong GMV increase and improved operating leverage, concerns around slower uptake in lending revenues and the company’s path to profitability persist.

Here is what brokerages said about Paytm’s Q3 results.

Stock Market Live: Dixon Tech Shares Tumble After Q3 Earnings

Shares of Dixon Technologies (India) Ltd. fell more than 9% on Tuesday, despite the company posting a robust third-quarter update for fiscal year 2025.

The electronic manufacturing services company reported a 117% year-on-year growth in revenue and a 116% increase in Ebitda, driven by strong performance in its mobile and EMS segments.

The scrip fell as much as 9.04% to Rs 15,972 apiece. It pared losses to trade 8.71% lower at Rs 16,0300.40 apiece, as of 09:35 a.m. This compares to a flat NSE Nifty 50 Index.

Read more here.

Stock Market Live: Dollar Jumps As Trump Plans Tariffs On Mexico, Canada

The dollar rallied on Tuesday — after falling 1% the previous day — and Asian stocks trimmed their gains on reports that US President Donald Trump was considering the tariffs on Canada and Mexico starting next month. 

Trump held off from using executive orders to impose higher global tariffs in his inauguration. He plans to issue a memorandum that directs federal agencies to study existing trade policies and relationships with China, Canada and Mexico, the Wall Street Journal reported. 

Stocks in China fluctuated after the president opted against announcing any new Chinese tariffs on his first day in office.

Stock Market News Live: IIFL Initiates Coverage On Sagility India

• Initiates coverage with a ‘buy’ rating and target price of Rs 63, implying a potential upside of 32%.

• Highlights deep domain expertise and end-to-end services as key differentiators.

• Expects a compound annual growth rate of 12% in USD revenue and 20% in adjusted earnings per share over fiscal years 2025 to 2027.

• Values the company at 30 times 2-year forward earnings per share.

• Sees it as an attractive long-term compounding story.

• Notes exposure to an underpenetrated, defensive sector with steady non-discretionary revenue streams.

Stock Market News Live: Zomato Shares Plunge To Nearly Six-Month Low

Zomato share price declined to the lowest level in nearly six months as its profitability is expected to remain subdued in the current and next financial year as Blinkit expands aggressively.

In three months to December 2024, the food delivery business’s profit was impacted due to Blinkit’s rapid expansion plan. Most brokerages reduced its target price and cut earning estimates.

Zomato share price declined 8.68% to Rs 218.95 apiece, the lowest level since July 26. It pared losses to trade 6.26% down at Rs 224.75 apiece as of 9:30 a.m., as compared to 0.31% advance in the NSE Nifty 50 index.

Stocks To Buy Today: Bajaj Finserv, Biocon, Hindustan Copper And More

Bajaj Finserv Ltd., Biocon Ltd., and Hindustan Copper Ltd. have buy recommendations from analysts on Tuesday.

Kushal Gandhi, technical analyst at StoxBox, Aditya Agarwala, head of research and investments at Invest4edu, Chandan Taparia, head of technical and derivatives research at Motial Oswal Financial Services Ltd. and Brijesh Singh, senior technical analyst, Opulent Investment Adviser Pvt., share their insights with NDTV Profit.

Read more here.

Stock Market News Live: JPMorgan Initiates Coverage On Varun Beverages

• Initiates an ‘overweight’ rating with a target price of Rs 650, implying a potential upside of 17.5% from the previous close.

• Highlights multiple factors supporting double-digit revenue growth.

• Notes the company’s best-in-class bottling margins.

• Expects return ratios to improve post-normalization in the calendar years 2024 and 2025.

• Projects volume acceleration in India from 2025 and stronger overseas performance to drive growth.

• Forecasts a compound annual growth rate of 18% in revenue and 21% in earnings per share over fiscal years 2024 to 2027.

Stock Market Live: Blinkit Expansion To Keep Zomato Profit Subdued

Zomato Ltd.’s profitability is expected to remain subdued in current and next financial year as Blinkit expands aggressively, according to brokerages. In three months to December 2024, the food delivery business’s profit was impacted due to Blinkit’s rapid expansion plan.

Zomato’s Ebitda margin came 3% below Dolat Capital Research’s estimate as operating expenditure increased due to investment in Blinkit. The company is now planning to increase dark store count to more than 2,000 by December 2025, the brokerage said.

Zomato’s food delivery business’s performance was sub-par in the third quarter, Nomura said. It has delivered less growth in gross order values than what the brokerage expected. Now, Nomura expects food delivery business to deliver 17–20% growth in GOV in FY 2025 and 2026, with the contribution margin of 8–9%.

Read more here.

Stock Market News Live: Sensex, Nifty Rise In Pre-Market Trade

At pre-open, the S&P BSE Sensex Index was up 188 points, or 0.24%, at 77,261 while the NSE Nifty 50 was 76 points or 0.33% higher at 23,421.

Stock Market News Live: Rupee Strengthens Sharply Against US Dollar

• Rupee strengthened by 28 paise to open at 86.29 against the US Dollar.

• It closed at 86.57 on Monday.

• US Dollar Index falls 1.05% to 108.19

Source: Bloomberg

Stock Market News Live: Gold Price At Rs 78,900

Gold price in India stood at Rs 78,900 as of 6:50 a.m. on Tuesday, according to the India Bullion Association. The price slipped by nearly Rs 500 when compared to rates on Monday.

Gold price in New Delhi stood at Rs 78,620, while the price in Mumbai was higher at Rs 78,760. In Kolkata, the rate stood at Rs 78,650, while in Bengaluru, the rates crossed Rs 78,820, according to the India Bullion Association. Chennai continued to see the highest rates in the country, with prices at Rs 78,990.

Read more here.

Stock Market News Live: Bitcoin Retreats From Record Highs 

Bitcoin extended a retreat from a record high as traders awaited pro-crypto policy directions from Donald Trump following his inauguration as the 47th US president.

The largest digital asset slid about 1% to change hands at $101,300 as of 9:46 a.m. Tuesday in Singapore. The token hit a peak of $109,241 ahead of Trump’s swearing-in before falling back.

Read more here.

Stock Market News Live: Citi On Hindalco Industries

• Resumes coverage with a ‘buy’ rating and a target price of Rs 725 per share, implying a 17% upside from the previous close.

• Identifies Hindalco Industries as the “top India metals pick.”

• Expects a more favourable environment for aluminium in the second half of the calendar year 2025.

• Notes that higher aluminium prices and alumina profitability are positive for the company.

• Forecasts aluminium production costs to remain stable at $1,650 per ton, with potential for long-term improvement.

• Highlights Novelis’ ability to maintain its long-term Ebitda per ton target of $600 despite short-term challenges.

• Believes Novelis can keep its net debt to Ebitda ratio below 3x even with significant capital expenditure plans.

• States that Hindalco’s India business generates sufficient internal accruals to fund its planned capital expenditures.

Stock Market News Live: Brokerages On Dixon Tech 

Goldman Sachs

• Maintains a ‘sell’ rating on the stock and lowers the target price to Rs 10,240 from Rs 10,290 apiece.

• Highlights that third-quarter performance was below expectations, with profit after tax growth lagging revenue growth despite positive margin support from foreign exchange.

• Notes that mobile segment growth is peaking, with value addition becoming the next focus area.

• Retains a cautious stance due to valuation concerns.

Investec on

• Maintains a ‘buy’ rating and raises the target price to Rs 19,000 from Rs 15,900 per share.

• Reports strong third-quarter growth, with management focusing on backward integration and component manufacturing.

• Includes the Vivo joint venture contract, leading to a 7-12% upgrade in earnings per share estimates for the fiscal years ending 2026 and 2027.

• Awaits greater clarity on backward integration initiatives before factoring them into projections.

• Commends management’s disciplined capital allocation approach, which strengthens confidence in the company’s long-term strategy.

Stock Market News Live: Brokerages On Zomato 

UBS

• Maintains a ‘buy’ rating with a target price of Rs 320 per share.

• Notes strong growth in quick commerce, offsetting slight moderation in food delivery.

• While food delivery slowdown was unexpected, margin expansion was a positive outcome.

• Blinkit’s growth exceeded expectations, though the marginal margin decline was anticipated due to increased competition in the segment.

BofA

• Maintains a ‘buy’ rating with a target price of Rs 375 per share.

• Focuses on front-loading growth at the expense of higher near-term losses.

• Highlights Blinkit’s growth focus, which contributed to an Ebitda and profitability miss.

• Emphasizes strong demand and execution at Blinkit, with first-mover advantage being a key driver in the quick-commerce business.

Nomura

• Maintains a ‘buy’ rating but lowers the target price to Rs 290 from Rs 320 apiece.

• Observes increasing competition in quick commerce but affirms Zomato’s position among the top two players.

• Notes a slowdown in the food delivery business but highlights profitability improvement as a surprise.

• Reports that quick commerce has advanced store opening targets by a year, indicating aggressive expansion.

• Praises strong execution and a robust balance sheet, favoring Blinkit’s long-term potential.

Stock Market News Live: Citi on Hindalco

• Re-initiates coverage with a ‘buy’ rating and a target price of Rs 725 apiece.

• Believes most concerns are likely priced in.

• Notes the stock trades at approximately 5 times earnings and has underperformed domestic non-ferrous peers, global aluminium producers, and the London Metal Exchange over the last six months.

• Positions for potential tailwinds, including a likely upside in the London Metal Exchange prices in the second half of the year and Novelis’ diversification of scrap inputs.

• Highlights long-term cost reduction in India with alumina expansion, captive coal, and improved profitability at Novelis driven by the Bay Minette project.

• Expects Novelis to maintain net debt-to-Ebitda below 3 times despite aggressive capital expenditure.

• Reiterates Hindalco as the top pick in the Indian metals sector.

Stock Market News Live: Macquarie On Cement

UltraTech Cement

• Retains an ‘outperform’ rating on the stock and raises the target price to Rs 11,868 apiece from earlier Rs 11,564, implying a potential upside of 2.63% from the previous close.

Ambuja Cement

• Retains an ‘outperform’ rating on the stock and raises the target price to Rs 620 apiece from earlier Rs 618, implying a potential upside of 0.32% from the previous close.

ACC

• Retains an ‘outperform’ rating on the stock and lowers the target price to Rs 2,425 apiece from earlier Rs 2,508, implying a potential downside of 3.31% from the previous close.

Ramco Cement

• Retains an ‘underperform’ rating on the stock and lowers the target price to Rs 785 apiece from earlier Rs 802, implying a potential downside of 2.12% from the previous close.

Shree Cement

• Retains a ‘neutral’ rating on the stock and raises the target price to Rs 25,710 apiece from earlier Rs 25,243, implying a potential upside of 1.85% from the previous close.

Dalmia Bharat

• Retains an ‘outperform’ rating on the stock and lowers the target price to Rs 2,062 apiece from earlier Rs 2,073, implying a potential downside of 0.53% from the previous close.

Industry Outlook

• Expect demand recovery and price hikes to support margin expansion.

• Medium-term earnings profile of the industry is supported by capacity consolidation and cost-efficiency measures.

• UltraTech Cement remains the top pick.

Stock Market News Live: Earnings Post Market Hours

Dixon Tech Q3 Earnings Highlights (YoY)

• Revenue up 117% at Rs 10,461 crore versus Rs 4,818 crore.

• Ebitda up 116% at Rs 398 crore versus Rs 184 crore.

• Ebitda margin at 3.8% versus 3.8%.

• Net profit up 126% at Rs 217 crore versus Rs 96 crore.

Oberoi Realty Q3 Earnings Highlights (YoY)

• Revenue up 34% at Rs 1,411 crore versus Rs 1,053.6 crore.

• Ebitda up 68% at Rs 856 crore versus Rs 509 crore.

• Ebitda margin up at 61% versus 48.33%.

• Net profit up 72% at Rs 618.4 crore versus Rs 360 crore.

J&K Bank Q3 Earnings Highlights (YoY)

• NII up 18% at Rs 1,509 crore versus Rs 1,280 crore.

• Net profit up 26.2% at Rs 532 crore versus Rs 421 crore.

• Net NPA at 0.94% versus 0.85%.

• Gross NPA at 4.08% versus 3.95%.

 AGI Greenpac Q3 Earnings Highlights (YoY)

• Revenue up 7% at Rs 658 crore versus Rs 625 crore.

• Ebitda up 20% at Rs 184 crore versus Rs 153 crore.

• Ebitda margin up at 27.9% versus 24.4%.

• Net profit up 34% at Rs 90.5 crore versus Rs 67 crore.

 L&T Finance Q3 Earnings Highlights (YoY)

• Total income up 14.6% at Rs 4,103 crore versus Rs 3,581 crore.

• Net profit down 2.6% at Rs 619 crore versus Rs 636 crore.

Indostar Capital Q3 Earnings Highlights (QoQ)

• NII at Rs 180 crore versus Rs 157 crore.

• PPOP at Rs 59 crore versus Rs 37 crore.

• Credit costs at Rs 47 crore versus Rs 19 crore.

• PAT at Rs 11 crore versus Rs 18 crore.

 MCX Q3 Earnings Highlights (QoQ)

• Revenue up 5% at Rs 301.4 crore versus Rs 285.6 crore.

• Ebitda up 7% at Rs 193 crore versus Rs 179.4 crore.

• Ebitda margin up at 64.07% versus 62.83%.

• Net profit up 4% at Rs 160 crore versus Rs 154 crore.

Stock Market News Live: Earnings In Focus Today

Cyient DLM Ltd., Dalmia Bharat Ltd. and KEI Industries Ltd. are among the top names that will announce their earnings for the third quarter on Tuesday.

Other companies reporting their third-quarter results on Tuesday includes Aditya Birla Real Estate, Ashirwad Capital, Bacil Pharma, Eimco Elecon (India), Eureka Industries, High Energy Batteries (India), ICICI Prudential Life Insurance Company, Indbank Merchant Banking Services, Ind Bank Housing, India Cements, Indiamart Intermesh, Indoco Remedies, Jana Small Finance Bank.

Ken Financial Services, Manorama Industries, Nexus Surgical And Medicare, Onward Technologies, PMC Fincorp, PNB Housing Finance, Prime Securities, Rossari Biotech, SI Capital & Financial Services, South Indian Bank, Swasti Vinayaka Art And Heritage Corporation, Tanla Platforms, UCO Bank, V.B. Desai Financial Services, Sanmitra Commercial, Panache Digilife, and Servotech Renewable Power System will also report their results on Tuesday.

Stock Market News Live: F&O Cues For Tuesday

• Nifty January futures up by 0.54% to 23,400.20 at a premium of 56 points.

• Nifty January futures open interest up by 0.72%.

• Nifty Options Jan. 23 Expiry: Maximum call open interest at 24,000 and maximum put open interest at 22,000.

• Securities in ban period: Aditya Birla Fashion and Retail, Angel One, Bandhan Bank, Can Fin Homes, Kalyan Jewellers, L&T Finance, Manappuram Finance, RBL Bank.

Trade Setup For Jan. 21:  Nifty Tests 23,200 As Key Support

The Nifty is poised for a critical session on Tuesday, with immediate support at 23,200 and resistance levels at 23,360 and 23,570. “Tomorrow’s trade will be crucial for further clarity. A breakout above the current level could see the index reaching the 23,570-23,690 zone,” said Aditya Gaggar, Director at Progressive Shares.

The index gained 142 points to close at 23,345, driven by strong global cues and robust third quarter earnings from Kotak Mahindra Bank Ltd. and Wipro Ltd. 

“We expect the market to trade within a broad range with stock- and sector-specific action continuing as the Q3 result season picks up pace,” said Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services.

Broader markets also rebounded, with the Smallcap 50 and Midcap 50 indices recovering after heavy sell-offs. “The broader market exhibited a healthy bounce back after recent bloodbaths, but concerns over the US stance on the global economy capped gains,” said Ameya Ranadive, Chartered Market Technician and Senior Technical Analyst at StoxBox.

Read more here.

Stock Market News Live: GIFT Nifty Trades Below At 23,450

Asian stocks advanced on Tuesday after US President Donald Trump resisted imposing any trade tariff in his inaugural speech while promising a “golden age” for America. However, India’s benchmarks stare at a weaker start.

The GIFT Nifty, an early indicator of the Nifty 50 Index’s performance in India, was down 64.5 points or 0.27%, at 23,419.5 as of 7:48 a.m.

Australia’s S&P/ASX 200 opened higher with the benchmark index advancing by 0.58%, or 48 points, to 8,395 as of 7:50 a.m. Japan’s Nikkei was up 60 points, or 0.16% at 38,964. Benchmarks in China and Hong Kong were higher by 0.13% and 0.79%, respectively.

Asian currencies strengthened after Bloomberg’s dollar gauge slid more than 1% Monday. The dollar index — which tracks the greenback’s performance against a basket of 10 leading global currencies — was 0.92% down at 108.34. Bitcoin traded above the $102,000 mark.

Trump promised to sign a series of executive orders, including a national energy emergency, promising to “drill baby drill”. The president held off on unveiling China-specific tariffs, triggering a decline in the US dollar lower and US stock futures higher.

He vowed to prioritise America’s interests and took aim at a “radical and corrupt establishment”. He pledged to tackle residual inflation. President Trump withdrew from the Paris climate treaty.

. Read more on Markets by NDTV Profit.During the session, the NSE Nifty 50 fell as much as 0.93% while the 30-stock Sensex plunged 1.1%.  Read MoreMarkets, Business, Notifications 

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