Sensex sheds 200 points as Asian shares fall ahead of Trump’s inauguration

The Sensex shed nearly 200 points as participants cut down bets amid negative Asian cues and nervous investors await Donald Trump’s sworn in as US President later today. At 1.10 p.m, the BSE Sensex was down 200 points to 27,103.22. The NSE Nifty also was down 59.70 points to 8,375.40. Except FMCG, all other BSE sectoral indices were trading in the red.

Shares of Axis Bank plunged on nervous selling by participants after the bank reported a whopping 73% decline in net profit on Thursday, 19 January, at Rs. 580 crore for the quarter October-December. However, caution continued in financial markets today ahead of US President-elect Donald Trump’s sworn in, and Federal Reserve Chair person Janet Yellen took a less hawkish policy stance.

MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.2%, and looked set to end the week 0.1% lower. The Dow Jones Industrial Average closed down 72.32%, to 19,732.4, the S&P 500 lost 0.4% , to 2,263.69 and the Nasdaq Composite dropped 0.28% to 5,540.08.