Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Friday. While BSE Sensex was down over 100 points, Nifty50 was near 23,150. At 9:16 AM, BSE Sensex was trading at 76,237.17, down 111 points or 0.15%. Nifty50 was at 23,167.10, down 24 points or 0.10%.
Yesterday, the benchmark indices demonstrated robust performance during the weekly expiry session, continuing their upward trajectory for the fourth consecutive session amidst strong global market conditions.
Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, says, “The rally in the market this week which saw the Nifty rise by 3.5% has come at a time when trade tensions are escalating and more is expected when the reciprocal tariffs kick in on April 2nd. The main driver of the rally is the buying by FIIs in the cash market in two days and perhaps, more importantly, sharp decline in their short positions and increase in long positions in the futures market. It appears that this has given confidence to retail investors who have resumed buying in the broader market which is getting reflected in the smart rebound in the mid and smallcap indices. A significant feature of the rally is that majority of the gainers are the domestic consumption themes which will be insulated from the reciprocal tariffs. Investors may wait and watch for the reciprocal tariff announcement on April 2nd before deciding on investment strategy.”
Market experts anticipate continued recovery in the short term, supported by favourable global indicators and strategic value investments at reduced price points.
Also Check | Top stocks to buy today: Stock recommendations for March 21, 2025
US markets finished marginally lower on Thursday, fluctuating between positive and negative territory as investors evaluated recent economic reports and Federal Reserve policy decisions against tariff-related concerns.
Asian equity markets displayed varied movements on Friday, as concerns about Donald Trump’s potential trade actions influenced global market sentiment.
Gold prices remained stable on Friday, trading below the previous session’s record high. The precious metal found support from safe-haven demand due to global uncertainties, whilst the Federal Reserve’s indication of potential rate cuts enhanced its appeal.
Foreign portfolio investors became net buyers at Rs 3,239 crore on Thursday, whilst DIIs sold shares worth Rs 3,136 crore.
FIIs’ net short position decreased from Rs 1.28 lakh crore on Wednesday to Rs 1.11 lakh crore on Thursday.
