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Indian benchmark equity indices were down at open on Thursday, amid mixed global cues.
Last week, the BSE benchmark climbed 321.83 points, or 0.40 per cent.
Indian benchmark equity indices were down at open on Thursday, amid mixed global cues.
Global Cues
Most markets in the Asia Pacific region fell on Thursday after Trump’s win.
The only index trading in positive territory was China’s Shanghai Composite, which was up 0.13 per cent.
The CSI300 was down 0.12 per cent and Hong Kong’s Hang Seng index was down 0.15 per cent.
In Japan, the benchmark Nikkei 225 was down 0.3 per cent.
South Korea’s Kospi was 0.3 per cent lower, with the small cap Kosdaq also down 1.73 per cent.
Australia’s S&P/ASX 200 traded 0.41 per cent lower.
Meanwhile, Wall Street tore to record highs on Wednesday and major stock markets around the world surged, while bitcoin hit an all-time-high and the dollar was set for its biggest one-day jump in four years after Donald Trump was elected US president.
Trump’s decisive victory pummelled long-dated Treasuries and revived the “Trump trade,” as yields rose in anticipation that Trump will hike tariffs as he has promised, increasing the US deficit and inflation and causing the Federal Reserve to cut interest rates by less than it otherwise would have.
