Fri Jan 24 05:13:25 UTC 2025: ## Indian Markets Rise Despite FII Sell-Off, Trump’s Global Economic Influence

**Mumbai, India (January 24, 2025)** – Indian stock markets opened strongly on Friday, with the Sensex and Nifty indices climbing despite a significant sell-off by Foreign Institutional Investors (FIIs) the previous day. The Sensex gained 282.35 points to 76,802.73 in early trading, while the Nifty rose 86.7 points to 23,292.05. This positive trend mirrored gains in Asian and US markets.

FIIs offloaded ₹5,462.52 crore worth of equities on Thursday, according to exchange data. However, the positive global sentiment, fueled in part by US President Donald Trump’s address to the World Economic Forum, appears to have offset this impact.

President Trump, speaking via video conference, urged businesses to manufacture in the US, threatening tariffs otherwise and promising significant tax cuts. He also stated his intention to pressure Saudi Arabia and OPEC to lower oil prices, claiming this would swiftly resolve the Russia-Ukraine conflict. He highlighted his administration’s efforts to control inflation and reduce regulations.

Despite the positive market opening, V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services, cautioned that the strength of the US market, including record highs for the S&P 500, could continue to exert pressure on Indian markets. Brent crude oil prices saw a slight dip, falling 0.19% to $78.14 a barrel. Thursday’s closing figures showed the Sensex rising 115.39 points (0.15%) to 76,520.38, and the Nifty increasing by 50 points (0.22%) to 23,205.35.

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