Sensex goes strong when Asia markets go choppy

Shital Jibhe / 12 Jan 2017

Sensex goes strong when Asia markets go choppy

It's been a choppy session through out the Asian markets except India, after President-elect Donald trump laid down his plans about economic policies during the press conference last night. The future 45th President of the US  gave no further clarification on the proposed policies.

It's been a choppy session through out the Asian markets except India, after President-elect Donald trump laid down his plans about economic policies during the press conference last night. The future 45th President of the US  gave no further clarification on the proposed policies.

"Trump made a couple of references to 'making America great again'; but there was no detail on infrastructure spending, corporate tax reforms, personal income tax cuts, the prospects for deregulation or the possibility of another tax repatriation holiday," said Westpac Global Strategy Group in a note released on Thursday.

On this scenario, Indian benchmark indices continued building on its yesterday's high close, trading flat to up while Sensex is clocking at 27219 up by 0.29 per cent with nifty up about 0.22 per cent; trading near major level of 8400.  

On the other hand, Japanese benchmark Nikkei tumbled to 225 by a loss of 0.91 per cent, as the yen strengthened against USD . The yen went to 115.03 compared with levels as high as 116 in yesterday's session.

HongKong's Hang Seng gained by 0.09 per cent. Australia's ASX 200 was up by 0.29 per cent, supported by its energy sub-index, which was up by 0.61 per cent, and its materials sub-index which gained by 0.65 per cent.

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