Today's stock market: The Indian equity benchmark indices, the Nifty50 and the BSE Sensex, opened lower on Wednesday due to ongoing uncertainty over Donald Trump's tariff moves. While the Nifty50 was below 25,500, the BSE Sensex was down more than 100 points. Nifty50 was trading at 25,497.85, down 25 points (0.097%). The BSE Sensex was at 83,602.43, down 110 points (0.13%).
Key Highlights
- Nifty50 opened at 25,497.85, down 25 points due to U.S. tariff concerns fueling volatility.
- BSE Sensex declined over 100 points to 83,602, with ICICI Bank and L&T among top losers.
Analysts remain optimistic about the immediate future, citing potential trade developments and the upcoming earnings season as supportive factors.
VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, says, "A significant takeaway from recent global market trends is that the markets are largely ignoring the tariff noise and are waiting for clarity to emerge. Markets are skeptical of President Trump's recent announcements, including 50% tariffs on copper imports, 10% tariffs for BRICS membership, no further extension of the August 1st deadline, and potential 200% tariffs on pharmaceutical imports with a one-year grace period. In short, markets are waiting for clarity on the trade front. As a result, the Nifty is likely to stay within its current trading range."
Also Read: India Offers $150-200 Bn Trade Offer; Trump to Make Final Call
"The Q1 results may be more important to the market in the near term. Midcaps are likely to maintain the earnings growth momentum from Q4 FY25. Largecap earnings growth will likely improve gradually, but nothing dramatic is expected. Banking companies will report higher numbers in H2 FY 26 rather than Q1. "The cement segment is showing some green shoots."
The S&P 500 fell slightly in Tuesday's volatile trading as investors sought clarity on US trade policies following President Donald Trump's recent tariff announcements.
Investors were cautious in Asian markets following President Donald Trump's firm stance on meeting his August deadline. The announcement had a negative impact on copper futures prices.
