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Indian benchmark equity indices, BSE Sensex and Nifty50, opened flat on Wednesday, reflecting the firm global market trends.
Stock Market Today
Sensex Today: Indian benchmark equity indices, BSE Sensex and Nifty50, continued to trade lower on Wednesday.
At 3 PM, the BSE Sensex was down by 742.41 points or 0.95% at 77,274.78, while the Nifty50 declined by 177.75 points or 0.75% to 23,490.90.
Investors are expected to maintain the positive momentum in Indian stock markets as global markets rise, buoyed by expectations of a more flexible approach to trade tariffs by the US administration, set to be imposed from April 2.
Shrikant Chouhan, Head of Equity Research at Kotak Securities, noted that after an early morning rally in the previous session, the market saw profit booking at higher levels. “The benchmark indices experienced profit booking at elevated levels. The Nifty closed 10 points higher, while the Sensex gained 33 points,” he said.
Global Cues
Wall Street stocks ended higher on Tuesday, supported by gains in Apple and a dip in Nvidia, as investors assessed consumer sentiment data and speculated on a more flexible trade policy from the Trump administration expected next week.
US President Donald Trump indicated on Monday that automobile tariffs would be implemented soon, but also suggested that not all proposed tariffs would be enforced in an announcement on April 2, which Wall Street is keenly watching.
As of 9:30 a.m. Tokyo time, S&P 500 futures were largely unchanged, while other global indices showed positive movement. Hang Seng futures rose by 0.6%, Japan’s Topix gained 0.4%, and Australia’s S&P/ASX 200 climbed 0.7%. Euro Stoxx 50 futures also rose by 0.2%, reflecting a positive sentiment across global markets.
