Indian Stock Market Opens Higher Amidst US Tariff Uncertainty; Sensex at 76,146, Nifty at 23,192. Global Markets Show Mixed Trends; Investors Advised Caution.
Stock Market Update: The Indian stock market opened higher amidst ongoing uncertainty surrounding US tariffs. The BSE Sensex opened 100 points higher at 76,146, while the Nifty 50 was trading at 23,192. Tuesday witnessed a significant market decline, but investors adopted a more cautious approach on Wednesday.
Tuesday's Market Decline
Heavy selling on Tuesday led to the Sensex closing 1,390 points down at 76,024, while the Nifty 50 fell 353 points to 23,165. Foreign Institutional Investors (FIIs) sold shares worth ₹5,901 crore, while Domestic Institutional Investors (DIIs) bought shares worth ₹4,322 crore.
Market Outlook
Experts believe the 23,100 level will serve as crucial support for the Nifty. If the market sustains above this level, a rally to 23,300-23,350 is possible. For the Sensex, 75,800 will be a key level.
Global Market Overview
Japan's Nikkei rose 0.28%, South Korea's Kospi increased by 0.58%, while US markets showed mixed trends. The S&P 500 saw a 0.38% increase, while the Dow Jones fell by 0.03%.
