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Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Thursday. While BSE Sensex was above 74,700, Nifty50 was near 22,600. At 9:23 AM, BSE Sensex was trading at 74,742.62, up 141 points or 0.19%. Nifty50 was at 22,594.40, up 47 points or 0.21%.
“Amidst global uncertainty and persistent FII selling, we expect the market to remain subdued until there is clarity/stability with regards to Trump’s tariff policies and its implementation,” said Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal.
According to Osho Krishnan, Sr. Analyst, Technical & Derivatives at Angel One, the Nifty50 index faces crucial support at 22500-22400, requiring vigilant monitoring. The index’s stability at these levels could determine potential rebounds or further downside. Additionally, a bearish gap at 22670-22720 poses resistance for the expiry day, potentially limiting upward movement.
US equities remained largely unchanged on Wednesday as investors awaited Nvidia’s quarterly results, which could influence the AI sector’s direction.
Asian equity markets traded within narrow bounds during early trading after Nvidia Corp.’s earnings report failed to boost its after-hours performance, whilst President Donald Trump’s latest tariff announcements created uncertainty.
Gold prices increased slightly on Thursday, driven by ongoing concerns regarding US President Donald Trump’s tariff strategies, whilst investors awaited crucial inflation data to evaluate the Federal Reserve’s future policy decisions.
Foreign portfolio investors registered net sales of Rs 3,529 crore on Tuesday, whilst domestic institutional investors acquired shares worth Rs 3,031 crore.
Foreign institutional investors’ net short position decreased from Rs 2 lakh crore on Monday to Rs 1.99 lakh crore on Tuesday.
