Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Monday. While BSE Sensex rose over 350 points, Nifty50 was above 22,200. At 9:16 AM, BSE Sensex was trading at 73,585.72, up 388 points or 0.53%. Nifty50 was at 22,234.80, up 110 points or 0.50%.
Indian equity markets experienced a significant downturn last week, primarily attributed to unfavourable global indicators following US President Trump’s statements regarding additional tariffs on China. The markets are expected to respond to the recently released Q3 GDP figures of 6.2%, which aligned with market projections.
Market analysts suggest this could offer some stability amid current market fluctuations. The upcoming week is anticipated to be eventful for both global and Indian markets, with key economic data releases, Fed Chairman Jerome Powell’s address, and the implications of major US tariff decisions.
“We will wait for 22950 to be conquered, as a confirmation of strength. Downside markers can continue to be in the 22500 vicinity, while deeper support is seen at 22300,” said Anand James, Chief Market Strategist, Geojit Financial Services.
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US equities finished higher on Friday following volatile trading, with Dell Technologies declining whilst other technology stocks advanced after an unsuccessful meeting between US President Donald Trump and Ukrainian President Volodymyr Zelenskiy.
Australian and Japanese equities advanced during early trading sessions whilst US equity index futures remained stable. Hong Kong equities are expected to decline as market participants await updates regarding potential last-minute discussions to prevent additional US trade tariffs on Chinese goods, scheduled to take effect this week, alongside duties on Mexican and Canadian imports.
Gold prices strengthened on Monday, supported by a weakening US dollar and increasing concerns that US President Donald Trump’s tariff threats could trigger a global trade conflict and increase inflation, boosting safe-haven demand for the precious metal.
Foreign portfolio investors became net sellers at Rs 11,639 crore on Friday. Domestic institutional investors purchased shares valued at Rs 12,308 crore.
FIIs’ net short position increased from Rs 1.73 lakh crore on Thursday to Rs 1.88 lakh crore on Friday.
