Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened lacklustre on Friday. While BSE Sensex was above 74,300, Nifty50 was near 22,550. At 9:18 AM, BSE Sensex was trading at 74,362.16, up 22 points or 0.030%. Nifty50 was at 22,569.55, up 25 points or 0.11%.
The domestic markets concluded positively for the second straight day on Thursday, influenced by favourable global indicators after US President Donald Trump granted auto manufacturers a one-month exemption from 25% tariffs on Canada and Mexico. Market analysts anticipate stability in the coming days whilst monitoring international developments.
Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services says, “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.”
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US equities closed lower on Thursday, with Nasdaq confirming its correction phase since December, affected by market concerns regarding uncertainty in US trade policies.
Asian stocks declined on Friday following Wall Street’s downturn amidst fluctuating tariff announcements. Australian and Japanese markets opened more than 1% lower, whilst Hong Kong equity futures decreased. Japanese indices’ decline reflected reduced risk appetite and Thursday’s yen appreciation.
Gold prices showed a slight decrease on Friday whilst maintaining a weekly gain, supported by uncertainty surrounding US President Donald Trump’s tariff decisions. Investors remained watchful for US non-farm payrolls data due later in the day.
Foreign portfolio investors registered net sales of Rs 2,377 crore on Thursday, whilst DIIs purchased shares worth Rs 1617 crore.
FIIs’ net short position decreased from Rs 1.84 lakh crore on Wednesday to Rs 1.74 lakh crore on Thursday.