Stock Market Today: Nifty50 and Sensex Start Low
What’s Happening in the Market
The Indian stock market had a slow start on Tuesday. This was due to trade deal uncertainties and new tariffs announced by Donald Trump. Both Nifty50 and BSE Sensex saw a drop.
Today’s Market Numbers
- Nifty50 opened close to 25,450.
- BSE Sensex was down by about 50 points.
- At 9:17 AM, Nifty50 stood at 25,454.10, down by 7 points (0.028%).
- BSE Sensex was at 83,393.56, down by 49 points (0.059%).
What Experts Say
Market experts believe we’ll see range-bound trading soon. They also think that good earnings and strong sector performance could lead to selective gains during the Q1 results season.
VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, shared his thoughts. He said that a trade deal between India and the US is likely soon. The market has already factored in this news. But, we still don’t know the details about sectoral tariffs, especially in pharmaceuticals. The market’s reaction will depend on these details.
Vijayakumar also said that the market is unlikely to break the 25,200-25,500 range soon. He believes the market will stay strong within this range. In the coming days, the market reaction will be stock-specific in response to the Q1 results.
Global Market Effects
Major US indices fell on Monday. This was after US President Donald Trump announced big tariffs on Japan, South Korea, and other trading partners. Tesla shares also fell after Elon Musk’s announcement about starting a new US political party.
Later, Asian stocks moved higher. This was after Trump showed openness to more talks following new tariff implementations on Japanese and South Korean imports.
Commodity Market News
Gold prices stabilized on Tuesday. This was after Trump’s announcement of increased tariffs on goods from several nations. However, high US treasury yields limited the rise in gold prices.
Oil prices fell on Tuesday. This was after nearly 2% gains in the previous session. Market players looked at fresh US tariff developments and OPEC+’s higher-than-expected output increase for August.
Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India.
