Indian Market Signals Decline Amidst Trump's Tariff Announcement and GIFT Nifty Weakness; Investors Advised Caution; Global Pressure Likely to Cause Market Volatility.
Stock Market Today: President Donald Trump's announcement of imposing tariffs of up to 27% on goods imported from partner countries has sent shockwaves through global markets. This resulted in significant selling in US stock markets, raising concerns about a similar impact on the Indian stock market.
GIFT Nifty Decline Signals Weak Opening
On Friday morning, GIFT Nifty futures witnessed a decline of 110 points, indicating weakness compared to the previous session. At 7:52 AM, GIFT Nifty was trading at 23,216.50, suggesting a potential opening in the red for the stock market.
Sensex-Nifty Slip
The impact of Trump's announcement was visible in the Indian stock markets on Thursday.
The BSE Sensex closed down 322.08 points (0.42%) at 76,295.36.
The Nifty-50 closed down 82.25 points (0.35%) at 23,250.
Sharp Drop in S&P and Nasdaq
US stock markets witnessed their biggest decline since 2020 on Thursday:
S&P 500: Closed down 4.84% at 5,396.52
Dow Jones: Down 1,679 points, closing at 40,545.93
Nasdaq: Sharp decline of 5.97%, closing at 16,550.61
This decline pushed US markets into correction territory, increasing anxiety among global investors.
Pressure on Asian Markets as well
Japan's Nikkei: Down 2.46%
Topix: Down 3.18%
South Korea's Kospi: Down 0.29%
Australia's S&P/ASX 200: Down 1.42%
Hong Kong and China markets: Closed today due to the Qingming Festival.
