Today’s stock market: On Friday,the major Indian equity indices,the BSE Sensex and Nifty50,opened poorly. The Nifty50 was close to 22,550,while the BSE Sensex was around 74,300. The BSE Sensex was up 22 points, or 0.030%,at 74,362.16,at 9:18 AM. The Nifty50 was up 25 points, or 0.11%, at 22,569.55.
Thursday saw the domestic markets close higher for the second consecutive day,driven by solid global data following US President Donald Trump’s decision to spare automakers from 25% tariffs on Canada and Mexico for a month. While keeping an eye on global events,market observers predict stability in the days ahead.
“Markets are taking Trump’s hesitancy on tariffs seriously,as evidenced by his recent decision to delay the imposition of tariffs on Canada and Mexico until April 2nd,”says Dr. V K Vijayakumar,Chief Investment Strategist at Geojit Financial Services. The markets believe that Trump is more interested in negotiating agreements than maintaining high tariffs in the long run. Trump’s plans may have an effect on US GDP and earnings, as evidenced by the sell-off in US stock markets.
Meanwhile, in response to Trump’s ideas, China and Germany are enacting changes to boost their own economies. Stock markets may be impacted by this shift in the global structure.India is benefiting from the steady decline in the dollar index. Crucially, India’s economy is expanding again, and the country’s stock prices are currently reasonable. The market is rising, suggesting a rise in retail,HNI,and UHNI buying, even if FII selling is outpacing DII buying. This pattern may persist.
Market worries about the unpredictability of US trade policy caused US stocks to settle lower on Thursday, with the Nasdaq confirming its corrective phase since December.
Also Read : Sick of purchasing the dip? Three ways to survive in a bear market as an investor
Following Wall Street’s drop amid erratic tariff pronouncements,Asian equities fell on Friday. The Hong Kong equity futures market fell,and the Australian and Japanese markets opened more than 1% lower. The drop in Japanese indices was a result of Thursday’s yen strengthening and a decreased appetite for risk.
Friday saw a minor decline in gold prices,but they were still up for the week due to uncertainty surrounding US President Donald Trump’s tariff decisions. Investors continued to keep an eye on the US non-farm payroll data that was due later today.
DIIs bought shares of Rs 1617 crore on Thursday,while foreign portfolio investors reported net sales of Rs 2,377 crore.
On Wednesday,the net short position of FIIs was Rs 1.84 lakh crore; on Thursday,it was Rs 1.74 lakh crore.
1 thought on “Stock market today: Nifty50 surpasses 22,550; BSE Sensex begins flat”