Stock market as we speak: BSE Sensex opens flat; Nifty50 below 23,500

“We expect the market to remain range-bound with stock/sector specific action,” mentioned Siddhartha Khemka of Motilal Oswal. (AI picture)

Stock market as we speak: BSE Sensex and Nifty50, the Indian fairness benchmark indices, opened flat in commerce on Thursday. While BSE Sensex was close to 77,300, Nifty50 was below 23,500. At 9:19 AM, BSE Sensex was buying and selling at 77,321.64, up 33 factors or 0.043%. Nifty50 was at 23,488.90, up 2 factors or 0.0087%.
Indian fairness markets turned detrimental on Wednesday as buyers took earnings whereas awaiting particulars on upcoming US reciprocal tariffs scheduled for April 2.
“We expect the market to remain range-bound with stock/sector specific action on the back of developments around the US India trade meet during the week,” mentioned Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal.
Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments mentioned, “The market has turned cautious because the reciprocal tariff day approaches. Institutional exercise means that whereas FIIs are usually not overly involved about tariffs DIIs are taking a cautious stance. During the final 5 buying and selling days FIIs purchased fairness for Rs 21376 crores whereas DIIs offered fairness for Rs 9704 crores. Despite internet institutional shopping for yesterday the market drifted down indicating concern and worry within the market. The energy of home consumption themes like financials, telecom, aviation and lodges point out that the market is making ready for a situation the place tariffs might affect export-oriented segments.Trump’s newest resolution to impose a 25 % obligation on all automobile imports to the US will affect Tata Motors which exports a major chunk of JLR automobiles to the US.”
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US equities declined considerably on Wednesday, with Nvidia and Tesla main losses as markets awaited particulars concerning anticipated US automotive import tariffs.
Asian shares declined Thursday morning following President Donald Trump’s commerce bulletins affecting threat urge for food.
The value of gold elevated on Thursday amid rising worries in regards to the U.S. President Donald Trump’s intentions to implement reciprocal tariffs subsequent week, following a 25% obligation imposed on imported automobiles and lightweight vehicles that intensified world commerce tensions.
Foreign portfolio buyers bought internet shares value Rs 2,240 crore on Wednesday. Domestic institutional buyers divested shares valued at Rs 696 crore.
The internet quick place of Foreign Institutional Investors decreased from Rs 90,604 crore on Tuesday to Rs 83,733 crore on Wednesday.