Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green in trade on Wednesday. While BSE Sensex moved up over 200 points, Nifty50 went above 23,300. At 9:20 AM, BSE Sensex was trading at 76,199.97, up 175 points or 0.23%. Nifty50 was at 23,201.30, up 36 points or 0.15%.
Indian equity markets experienced significant losses during the first trading day of the new financial year, with benchmark indices declining 1.5% due to concerns regarding US President Donald Trump’s reciprocal tariff proposals. Analysts anticipate continued market volatility in the coming days as global trade policies remain in focus.
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Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited said, “The element of uncertainty regarding reciprocal tariffs is expected to come down with the tariff declaration today. But considering Trump’s flip flops on tariffs earlier, the uncertainty is likely to continue beyond today. It appears that FIIs turning buyers in the last several trading days of March was triggered by end of year considerations. The short-covering which FII buying triggered contributed to India’s outperformance in March. Now with FIIs selling for Rs 10255 crores in the cash market in two days, the shorting has resumed. This was reflected in the 353 point sharp cut in Nifty yesterday. Investors can wait for clarity to emerge regarding tariffs and market trends. If the tariffs are worse-than-expected there can be another round of sell-off in the market. Even in such a scenario domestic consumption driven sectors will remain resilient.”
Tuesday’s US trading session concluded with gains for the S&P 500 and Nasdaq Composite, despite fluctuations caused by investor uncertainty regarding upcoming tariff announcements from the Trump administration.
Asian markets displayed weakness as investors remain cautious ahead of Trump’s tariff announcement.
Gold prices rose on Wednesday as investors sought refuge in the safe-haven asset, anticipating announcements regarding U.S. reciprocal tariffs that could intensify the global trade conflict.
Oil prices stabilised on Wednesday following the previous session’s decline, with concerns that upcoming U.S. tariff announcements could worsen global trade tensions and potentially affect crude demand.
Foreign portfolio investors registered net sales of Rs 5,902 crore on Tuesday, whilst DIIs purchased shares worth Rs 4,322 crore.
FIIs’ net short position increased from Rs 49,007 crore on Friday to Rs 66,578 crore on Tuesday.
