Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Tuesday. While BSE Sensex was below 77,300, Nifty50 was near 23,350. At 9:18 AM, BSE Sensex was trading at 77,265.02, down 47 points or 0.060%. Nifty50 was at 23,351.35, down 30 points or 0.13%.
Domestic bourses saw a sharp decline due to negative market sentiment following Donald Trump’s announcement regarding reciprocal tariffs on nations that impose duties on American products.
“With the Budget now behind and the RBI providing monetary relief, attention will now shift back to the last leg of Q3 earnings, corporate guidance and global macros amid turbulence in global markets due to Trump’s trade policies,” said Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal.
“We expect the Nifty to hold on to this crucial support and resume its uptrend towards 24000. The daily momentum indicator has a positive crossover which is a buy signal and hence this minor degree pullback towards the support zone should be considered as a buying opportunity,” said Jatin Gedia, Mirae Asset Sharekhan.
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US stock indices finished higher on Monday, supported by Nvidia and other artificial intelligence-related stocks. Steel manufacturers’ shares increased after US President Donald Trump announced additional import tariffs on steel and aluminium.
Asian equity indicators remained stable. Australian and South Korean markets posted modest gains following Monday’s decline. Japanese markets remained closed for a holiday, resulting in no Treasury trading in Asia after subdued US yield movements on Monday. Hong Kong equity futures remained stable.
Gold prices reached unprecedented levels on Tuesday, with investors seeking safety following U.S. President Donald Trump’s implementation of 25% tariffs on steel and aluminium imports, raising worries about trade conflicts and inflation.
Foreign portfolio investors registered net sales of Rs 2,464 crore on Monday. Domestic institutional investors acquired shares worth Rs 1515 crore.
FIIs’ net short position increased to Rs 1.73 lakh crore on Monday from Rs 1.62 lakh crore on Friday.