Today's stock market: The Nifty50 and BSE Sensex, Indian equity benchmark indices, opened in the red on Wednesday. The BSE Sensex was close to 80,100, but the Nifty50 dropped below 24,300. The Nifty50 was down 42 points, or 0.17 percent, at 24,293.95, at 9:16 a.m. The BSE Sensex was down 155 points, or 0.19%, at 80,133.01.
Tuesday's Nifty closed marginally higher thanks to strong institutional investment and encouraging developments in US trade negotiations. In recent sessions, institutional investors, both domestic and foreign, were net buyers. While stock performance may be influenced by individual company earnings reports, market sentiment is still tied to the status of US trade negotiations.
VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, says, "The market's surprising resilience is significant." Following the reciprocal tariff tantrums and heightened tensions between India and Pakistan, the Nifty is up 5% in April. This emphasizes the importance of not panicking during a crisis. It is critical to remain invested. The market is receiving critical support from sustained FII inflows, which have reached a total of Rs 37325 crores over the last ten trading sessions. The dollar's weakness and India's economic resilience support this FII's India trade. This can continue. However, investors should be cautious. Because markets have rewarded patience and many stocks have appreciated significantly, investors can book partial profits and increase the cash component of their portfolios. This strategy should be used as a precaution. There are some unknowns in the market right now."
After varying during the day as traders evaluated trade policy developments, corporate earnings, and economic indicators, US stocks ended Tuesday's session higher.
Following six days of S&P 500 gains, Asian stocks increased as businesses showed resiliency in the face of trade difficulties and an economic slowdown.
As traders awaited important US inflation data to better understand the Federal Reserve's future decisions and watched possible trade developments between the US and its allies,Gold prices held steady on Wednesday.
Early Asian trading on Wednesday saw a decline in oil prices as worries about slowing global economic growth and oil consumption were heightened by President Donald Trump's erratic tariff decisions.
On Tuesday, net purchases totaling Rs 2,386 crore were made by foreign portfolio investors. Domestic institutional investors bought shares worth Rs 1369 crore.
