📢 At 9:16 AM, the Sensex tanked 131.09 points or 0.18% at 72,577.07, and the
Nifty plunged 41.90 points or 0.19% at 22,080.35.
📊 Coal India (⬇️1.93%), and Nifty Auto (⬇️0.56%) appeared as the top losers on the Nifty 50 at the Open. Whirlpool, NBCC, Deepak Fertilisers in focus today.
The stock market's bullish fever trickled to other assets, like gold, which saw its price rise 26% in 2024. But that gain doesn't hold a candle to Bitcoin, which soared 119% last year. Bitcoin is a better buy than gold in 2025 and beyond due to its absolute finitude, ease of storage and transport, divisibility, and potential to increase purchasing power, outpacing inflation and gold's performance.
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President Joe Biden is ending his term in office with a remarkably strong labor market. According to data released Friday by the Labor Department, employers added a surprising 256,000 jobs in December, the largest increase since March, and the unemployment rate dropped a tenth of a percentage point to 4.1%. Both numbers were better than analysts expected.
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U.S. inflation data could test stock investors' nerves, potentially raising treasury yields and adding to uncertainty around Trump's policy plans. The S&P 500 has fallen 1% this year, with markets watching the consumer price index due on January 15. Strong jobs growth and inflation concerns could affect the Federal Reserve's interest rate decisions for 2025.
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