GIFT Nifty surges 121 points, indicating a positive opening for the Indian market. Global cues are mixed, with slight gains observed in US and Asian markets.
Stock Market: The Indian stock market's performance this week may be influenced by the reciprocal tariffs imposed by former US President Donald Trump. The deadline for these tariffs is April 2nd, 2025, keeping investors cautious. Furthermore, the movement of bond yields in the US, the inflow of foreign funds, and key economic indicators will also determine the direction of the stock market.
Indian Market's Initial Trend
The Indian stock market is expected to open with a positive bias on Monday, despite mixed global signals. As of 7 AM, GIFT Nifty Futures were up 121 points, trading at 23,501.
Last Week's Market Performance
The Indian market closed ber for the fifth consecutive day last Friday. This marked the biggest weekly gain for the stock market since February 7, 2021.
BSE Sensex: Closed at 76,906, up 557 points.
NSE Nifty50: Closed at 23,350, up 160 points.
Weekly Gain: The Sensex jumped 3,077 points (4.17%) for the week, while the Nifty saw a rise of 953 points (4.26%).
Asian Market Overview
Asian markets displayed a mixed trend on Monday:
Australia: The S&P/ASX 200 initially fell 0.37% but later recovered, closing with a marginal decline of only 0.037%.
Japan: The Nikkei 225 index gained 0.23%.
South Korea: The Kospi increased by 0.11%, reflecting positivity following the Constitutional Court's dismissal of the impeachment case against South Korean Prime Minister Han Duck-soo.
Hong Kong: The Hang Seng index was trading slightly higher by 0.12%.
Mixed Performance in US Markets
US stock markets saw modest gains last Friday:
- S&P 500: Up 0.08%.
- Nasdaq Composite: Up 0.52%.
- Dow Jones Industrial Average: Up 0.08%.
Factors Impacting the Market
1. US Tariff Policy: Uncertainty remains regarding the reciprocal tariffs imposed by Trump, keeping investors cautious.
2. Foreign Fund Trends: The buying or selling activity of foreign investors will determine the market's direction.
3. Bond Yields: Changes in US bond yields will impact the market.
4. Global Economic Data: Key global and domestic economic indicators can also influence market trends.
