Time Room

Stock market today: Nifty50 opened above 25,900; BSE Sensex rose more than 140 points & more related News Here

Stock market today: Nifty50 opened above 25,900; BSE Sensex rose more than 140 points
Stock Market Today (AI Image)

Stock Market Today: Indian equity benchmarks, Nifty50 and BSE Sensex, rose in trade on Friday after several days of decline. While Nifty50 was above 25,900, BSE Sensex was up by about 150 points. At 9:17 am Nifty50 was trading at 25,922.45, up 46 points or 0.18%. BSE Sensex was up 147 points or 0.17% at 84,327.52.Analysts believe Indian stocks may face continued pressure in the near term as investors remain wary of potential tariff actions by the Donald Trump administration, persistent geopolitical risks and weak cues from global markets.Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd, says, “After a sharp correction yesterday on the possibility of nearly 500% tariffs on India under the provisions of the Russia Sanctions Act approved by President Trump, the market will be focused on the decision coming today from the US Supreme Court on the legality of the Trump tariffs. There is every possibility that the decision will go against Trump. But the details are important: that is, whether it will be a partial reduction in tariffs or outlawing the tariffs altogether. Market reaction will depend on the details. If the Supreme Court declares Trump’s tariffs illegal, there will be a rally in India because India has been most affected by the 50% tariff. “The sharp decline in the market this week has also affected those stocks which will not be affected by any drastic action by Trump. Segments like financials, consumer discretionary and industrials which have corrected due to the overall weakness of the market can now be accumulated for long term investments.”US stocks closed with a mixed trend overnight. Technology stocks including Nvidia came under selling pressure, while defense stocks rose after President Donald Trump called for a higher military budget of $1.5 trillion.Asian markets opened modestly higher on Friday, recovering from two days of decline, as investors kept themselves ahead of US non-farm payrolls data and awaited a possible Supreme Court decision related to President Donald Trump’s tariff measures.Investor inflows reflected caution, with foreign portfolio investors selling equities worth Rs 3,367 crore on Thursday, according to provisional data. However, domestic institutional investors provided support by buying shares worth Rs 3,701 crore.(Disclaimer: The recommendations and views given by experts on the stock market, other asset classes or personal finance management are their own. These opinions do not represent the views of The Times of India)

Exit mobile version