Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Tuesday. While BSE Sensex went below 72,800, Nifty50 was below 22,000. At 9:17 AM, BSE Sensex was trading at 72,707.94, down 378 points or 0.52%. Nifty50 was at 21,973.25, down 146 points or 0.66%.
Indian stock markets closed flat on Monday, affected by several factors including continuous Foreign Institutional Investor (FII) selling, US tariff implementations, and the ongoing Russia-Ukraine conflict. Market experts anticipate a flat to downward trend due to mixed international indicators and absence of domestic catalysts.
Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services said, “Uncertainty unleashed by Trump is aggravating in global trade. The 25% tariff on Canada and Mexico and the 20% tariff on China (with the additional 10% imposed now) kicking in the threats are turning into action. The retaliation to these Trump tariffs is yet to be known. Certainly there will be responses. If Trump tariff policy continues like this and soon starts impacting other countries it will be bad for global trade and the global economy. India will not be spared. In the near-term, there are no chances of a rebound in the Indian market even though valuations are fair. Investors should remain cautious and wait to see how the scenario unfolds.”
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US markets experienced significant decline on Monday after President Donald Trump introduced 25% tariffs on Canada and Mexico. The S&P 500 recorded its largest single-day percentage drop since December 18.
Asian equities declined on Tuesday, following US market losses after US President Donald Trump’s announcement of tariffs on trading allies sparked concerns about potential trade conflicts affecting worldwide economic expansion.
Gold remained stable on Tuesday as investors worried about US President Donald Trump’s tariffs on Canada and Mexico potentially causing inflation and economic slowdown.
Foreign portfolio investors registered net sales of Rs 4,781 crore on Monday. Domestic institutional investors purchased shares valued at Rs 8,790 crore.
FIIs’ net short position decreased from Rs 1.88 lakh crore on Friday to Rs 1.87 lakh crore on Monday.
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