Stock market immediately: Nifty50 opens in purple; BSE Sensex down over 120 points as Donald Trump’s tariffs hit sentiment

Market specialists anticipate sideways buying and selling, influenced by US-Russia diplomatic negotiations, India’s stance on US tariffs and company earnings developments.

Stock market immediately: Nifty50 and BSE Sensex, the Indian fairness benchmark indices, opened in purple on Friday as Donald Trump’s 50% tariffs on India and its probably influence on exports and financial system hit sentiment. While Nifty50 was close to 24,550, BSE Sensex was down over 120 points. At 9:18 AM, Nifty50 was buying and selling at 24,568.60, down 28 points or 0.11%. BSE Sensex was at 80,500.27, down 123 points or 0.15%.Market specialists anticipate sideways buying and selling, influenced by US-Russia diplomatic negotiations, India’s stance on US tariffs and company earnings developments.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “The market continues to be technically and basically weak. Continuous decrease lows on the Nifty is technically a weak signal. From the elemental perspective, there aren’t any indications but of a pointy uptick in earnings for FY26. These weak indicators, together with the comparatively excessive valuations in India, are triggering sustained promoting by the FIIs. FIIs have offered on all buying and selling days of August, to this point, taking their complete money market promoting in August, until now, to Rs 15950 crores. Yesterday’s sharp 250 level restoration from the low stage in Nifty was brought on by brief protecting triggered by the robust shopping for by DIIs of Rs 10864 crores. In the current context of damaging sentiments in the market brought on by the tariff skirmishes between India and the US, FIIs are prone to proceed promoting in the money market. The solely saving grace is the sustained DII shopping for which stays robust. The robust DII shopping for assisted by sustained flows into mutual funds can forestall a crash in the market. Investors could wait and look ahead to the developments on the tariff entrance to unfold.”The Dow Jones and S&P 500 declined on Thursday, affected by Eli Lilly’s share price drop following underwhelming results from its oral weight loss medication, whilst the Nasdaq achieved a new record at closing.Asian equities moved higher as trading commenced on Friday, heading towards their fifth straight day of gains, with Japanese markets benefiting from technology sector strength.Oil prices stayed relatively stable during early Asian trading on Friday, yet were on track for their largest weekly decline since late-June. Investors showed worries about the effects on the global economy from newly implemented tariffs that became effective on Thursday.Gold futures reached new highs on Friday after news emerged about the United States imposing tariffs on one-kilo gold bar imports. Spot gold was set to record its second consecutive weekly increase, influenced by tariff uncertainties and anticipated US interest rate reductions.Foreign portfolio investors executed net sales of shares valued at Rs 4,997 crore on Wednesday. In contrast, DIIs conducted net purchases amounting to Rs 10,864 crore.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)