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Domestic equities are set for a turbulent start on Friday after US President Donald Trump announced a fresh round of tariffs on multiple countries
Stock Market Today
Sensex Today: Indian stock markets opened lower on Friday as US President Donald Trump’s revised tariffs on multiple trading partners dampened global market sentiment.
The BSE Sensex slipped 128 points, or 0.16%, to 81,058 in early trade, while the Nifty50 fell 45 points, or 0.18%, to 24,724. Notably, Trump has kept India’s adjusted tariffs unchanged at 25%.
In the broader markets, the Nifty MidCap index edged up 0.1%, whereas the Nifty SmallCap index declined 0.18%.
Sectoral performance was mixed. The Nifty Pharma index led the losses with a 1.16% drop, followed by the Nifty IT index, down 0.5%. On the upside, the Nifty FMCG index gained 1.3%, emerging as the top sectoral performer in morning trade.
Global Cues
Asian markets extended their longest losing streak of the year following Trump’s tariff announcement. The MSCI Asia Pacific Index slipped 0.55%, led by a sharp 2.5% drop in South Korea’s Kospi. Asian currencies are also expected to remain under pressure on Friday.
Overnight on Wall Street, stocks ended lower despite strong earnings from major technology companies. The S&P 500 fell 0.37%, while the Nasdaq inched down 0.03%. Notably, Microsoft Corp briefly crossed a market capitalization of $4 trillion.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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