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Sensex Today: India’s benchmark indices opened higher on Thursday.
Stock Market Today
Sensex Today: Stock markets saw volatility today, weighed down by selling in index heavyweights. Indian markets diverged from the global trend, where investor sentiment improved following US President Donald Trump’s postponement of tariffs on certain automakers. Additionally, White House spokesperson Karoline Leavitt stated that Trump was “open” to further tariff exemptions beyond the pause on auto levies.
At noon, the BSE Sensex was up by 164.39 points, or 0.22%, at 73,894.62, while the Nifty50 gained 67.75 points, or 0.3%, trading at 22,405.
Among the top gainers on the Sensex were Asian Paints, Tata Steel, Axis Bank, Hindustan Unilever, and Reliance Industries. In the broader market, the Nifty Midcap 100 index rose 0.37%, and the Nifty Smallcap 100 index edged up 1.03%. Sectors such as Nifty Metal and Oil & Gas led the rally, up 1.65% and 1.26%, respectively.
Investors are closely watching developments related to US tariffs, the European Central Bank’s interest rate decision, and US economic data, including trade figures, weekly jobless claims, and vehicle sales. Domestically, stock-specific movements, FII activity, and the weekly expiry of Nifty F&O contracts will also influence market direction.
Market View by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
We are in a highly uncertain and volatile situation for global trade, global economy and markets. The end game of Trump’s tariff policy is unclear. Trump’s latest declaration granting exemption from recently hiked tariffs to imports of Canadian and Mexican autos indicate that his intention is to negotiate from a position of strength. So deals and settlements are possible but they are not going to be smooth, Vijayakumar said.
The dollar index declining to 104.3 is positive for emerging markets like India. If this trend persists, the FII selling will soon stop paving the way for a market rally, he added.
RBI’s decision to infuse Rs 1.9 trillion liquidity into the banking system is good news for banks and NBFCs. Decline in Brent crude to below $70 is another macro positive for India which the markets will discount positively, Vijayakumar stated.
Global Cues
Asian stocks climbed on Thursday as investors remained hopeful that trade tensions could ease, following U.S. President Donald Trump’s decision to exempt automakers from tariffs for a month. Meanwhile, the euro strengthened ahead of the European Central Bank’s policy meeting.
Japanese government bonds saw a sharp decline in Asian trading after German long-dated bonds experienced their largest sell-off in years, following an agreement by parties in talks to form Germany’s new government to loosen fiscal rules.
Japan’s Nikkei share average gained on Thursday, following Wall Street’s overnight rise, as concerns over the impact of U.S. President Donald Trump’s tariff policy eased. However, losses in chip-related stocks limited the gains.
The Nikkei climbed 0.82% to 37,726.02 by midday, while the broader Topix surged 1.18% to 2,750.27. Wall Street’s major indexes closed higher on Wednesday after volatile trading, with investors optimistic about the potential easing of trade tensions between the U.S. and its key trading partners.
