Stock Market Cues: India-US Trade Deal, Trump’s Tariff Takeback, Commodity Prices and Other Factors Set To Affect D-Street

Stock Market Cues: On January 22, benchmark indices are likely to have a gap-up opening amid easing global trade tensions. The Gift Nifty  opened higher at 25,310 up by nearly 19 points, the benchmark Nifty is expected to track the gains.

On January 21, the headline indices witnessed significant declines. The BSE Sensex finished the session around the 81,909.63 level down by 270.84 points or 0.33 per cent. On the other hand, the Nifty 50 finished around 25,157.50 down by 75 points or 0.30 per cent.

Stock Market Cues For Today

On January 22, factors such as US President Donald Trump’s statement on India, developments related to the India EU trade deal, changes in commodity prices and the announcement of Q3FY26 results are set to affect trading activity on D-street:

Trump’s Tariff Takeback

On January 21, Trump said that he will not impose tariffs on European Union countries from February 1 according to a report by CNBC. According to the report, the US President said that he will not impose tariffs as he has reached an ‘agreement’ with NATO Secretary General Mark and “formed the framework of a future deal” for Greenland.

India-US Trade Talks

US President Donald Trump has shared an optimistic take on the India US trade deal. According to a report by Moneycontrol, Trump has stated that America is set to have a ‘great trade deal’ with India. The statement was made on the sidelines of the World Economic Forum (WEF) being held at Davos in Switzerland.

Crude Oil Prices Today

On January 22, crude oil prices traded in the green as the price of West Texas Intermediate was around $60.74 up by $0.12 or 0.20 per cent. The price of Brent Crude was around $65.31 up by $0.07 or 0.09 per cent in the early hours of the day.

Gold Prices On January 22

Physical gold prices edged upwards in the early hours of January 22 as the price of 24 karat gold was Rs 15,661 per gram, the price of 22 karat purity gold was around Rs 14,356 per gram and the price of 18 karat gold was around Rs 11,746 per gram.

Q3 Results

On January 22 as many as 58 companies are scheduled to announce their results today. Some of the major companies set to announce their results today include InterGlobe Aviation (IndiGo), real estate giant DLF, and major Adani Group entities Adani Energy Solutions and Adani Total Gas.

Asian Indices Trade Mixed

On January 22, major Asian indices traded mixed in the early hours of the session. The Nikkei 225 and the KOSPI witnessed early gains as they climbed 1.9 per cent and 1.87 per cent respectively. On the other hand the Hang Seng and the Shanghai Composite fell 0.12 per cent and 0.15 per cent respectively.

US Markets

US market indices closed the session with gains on January 22. The Nasdaq Composite closed higher by 1.18 per cent. On the other hand, the S&P 500 and the Dow Jones Industrial Average (DJIA) closed higher by 1.16 per cent and 1.21 per cent respectively.