Stock Market Today: Sensex Trade 200 Points Down, Nifty Below 22,500
Stock Market Today: On Thursday, domestic markets ended on a positive note for the second consecutive day, supported by favourable global cues
Stock Market Today: The BSE Sensex and Nifty50, India’s key equity indices, opened on a subdued note on Friday. While the BSE Sensex was above 74,300, the Nifty50 hovered around 22,550. As of 9:44 am, the BSE Sensex was trading at 74,139.86, down by 200.23 points or 0.27 per cent, while the Nifty50 stood at 22,491.90, down 52.80 points or 0.23 per cent.
On Thursday, domestic markets ended on a positive note for the second consecutive day, supported by favourable global cues after US President Donald Trump granted a one-month exemption from a 25 per cent tariff on auto manufacturers in Canada and Mexico. Market analysts expect stability in the near term while keeping a close eye on international developments.
V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services said, "Trump dilly-dallying on tariffs with the latest decision to postpone imposition of tariffs on Canada and Mexico to April 2nd is being viewed by markets seriously. Markets feel that Trump is keen to negotiate deals rather than stick to high tariffs for the long term. The sell-off in the US stock markets also is an indication that Trump’s policies might impact growth and earnings in the US.”
“Meanwhile, China and Germany are implementing reforms to stimulate their domestic economies from Trump’s policies. This change in the global construct can impact stock markets. The dollar index is steadily softening; this is good news for India. Importantly India’s growth is recovering and stock market valuations are fair now. Despite FII selling exceeding DII buying, the market is moving up indicating increasing retail, HNI and UHNI buying. This trend can continue,” he added.
Global Market
US equities closed lower on Thursday, with the Nasdaq officially entering its correction phase since December, weighed down by concerns over the uncertainty surrounding US trade policies.
Asian stocks followed suit on Friday, declining after Wall Street's downturn, amid fluctuating tariff announcements. Australian and Japanese markets opened more than 1 per cent lower, while Hong Kong equity futures also declined. The drop in Japanese indices reflected a reduced risk appetite, coupled with a stronger yen on Thursday.
Foreign Portfolio Investors
Foreign portfolio investors (FPIs) recorded net sales of Rs 2,377 crore on Thursday, while domestic institutional investors (DIIs) bought shares worth Rs 1,617 crore.
FIIs' net short position decreased from Rs 1.84 lakh crore on Wednesday to Rs 1.74 lakh crore on Thursday.
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