Monday’s Market Update | 20-Jan-2025
Metals:
Gold slid 0.20% to $2,695, as the dollar strengthened, dimming its appeal.
Commodities:
Brent Crude Oil fell to $80.66, down 0.16%, under pressure from supply risks and shifting inventories.
Forex:
- EUR/USD: Up 0.15% to 1.02954, supported by softer dollar sentiment.
- GBP/USD: Gained 0.14%, reaching 1.21977, as the dollar weakened further.
Stocks – Indices:
- NIFTY 50: Declined 0.47% to 23,203.20, weighed by realty and IT sectors.
- S&P BSE SENSEX: Down 0.55% to 76,619.33, amid market consolidation.
- NIFTY Bank: Experienced the steepest drop of the day, losing 1.50% to 48,540.60 due to resistance struggles.
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