Stock Market Today: Sensex Trading 100 Points Down, Nifty At Around 22,300
Market experts suggest that the sustainability of this recovery will depend on developments related to US tariff policies and ongoing interest in domestic equities
Stock Market Today: Indian equity benchmark indices, BSE Sensex and Nifty50, saw a strong start in Thursday's opening trade. The BSE Sensex crossed the 74,000 mark, while the Nifty50 approached 22,450. At 10.00 am, The Sensex dropped by 108.17 points, or 0.15 per cent, to reach 73,622.06, while the Nifty fell by 25.05 points, or 0.11 per cent at 22,312.25. A total of 2,480 shares advanced, 731 shares declined, and 103 shares remained unchanged.
The Nifty index marked a notable recovery on Wednesday, ending its 10-day decline. This rebound was driven by positive performance in Asian markets and strategic buying at lower prices on Indian exchanges. Market experts suggest that the sustainability of this recovery will depend on developments related to US tariff policies and ongoing interest in domestic equities.
V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services noted, “We are in a highly uncertain and volatile situation for global trade, global economy and markets. The end game of Trump’s tariff policy is unclear. The dollar index declining to 104.3 is positive for emerging markets like India. If this trend persists the FII selling will soon stop paving the way for a market rally.RBI’s decision to infuse Rs 1.9 trillion liquidity into the banking system is good news for banks and NBFCs. The decline in Brent crude to below $70 is another macro positive for India which markets will discount positively."
Global Markets
US stock indices showed positive movement in volatile trading on Wednesday, as investors reacted optimistically to the potential easing of trade tensions between the United States and key trading partners. The Dow rose 1.14 per cent, the S&P 500 gained 1.12 per cent, and the Nasdaq climbed 1.46 per cent.
On Thursday, Japanese bond yields hit decade-high levels after widespread selling in the fixed income market, initially sparked by movements in German bunds. Asian equities found support from the postponement of certain US tariffs on goods from Mexico and Canada.
Gold prices remained stable on Thursday as investors awaited US non-farm payrolls data, which will help assess the Federal Reserve’s potential interest rate decisions amid rising trade tensions.
Foreign portfolio investors recorded net sales of Rs 2,895 crore on Wednesday, while domestic institutional investors bought shares worth Rs 3,371 crore. Foreign institutional investors' net short position dropped from Rs 1.87 lakh crore on Tuesday to Rs 1.84 lakh crore on Wednesday.
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