After a positive opening on April 25th, the Sensex and Nifty experienced a decline. India-Pakistan tensions and global indicators kept investors cautious.
Stock Market Open: The Indian stock market opened positively on Friday, April 25th, but soon saw a downturn. Despite positive signals from global markets, escalating tensions between India and Pakistan made domestic investors wary.
Early Trading Performance?
The BSE Sensex opened 30 points higher at 79,830.15 but soon slipped. By 9:45 AM, the Sensex had fallen 140.49 points to 79,660.94.
Meanwhile, the NSE Nifty 50 opened slightly higher but also quickly entered negative territory. At 9:47 AM, the Nifty was trading down 57.55 points or 0.24% at 24,189.15.
India-Pakistan Tensions Increase Concern
Following recent attacks in Kashmir, and India's application of diplomatic pressure, Pakistan has halted all trade activities. Furthermore, Pakistan warned of war-like actions in the event of disruption to water flow. This political instability has created a wave of concern in the market.
Global Indicators: Support from Asian Markets
Asian stock markets reflected the strength of Wall Street. Japan's Nikkei was up 1.23%, while South Korea's Kospi closed slightly down. The US markets also showed strength—the S&P 500 rose by 2.03%, the Nasdaq by 2.74%, and the Dow Jones by 1.23%.
Market Conditions on Thursday
On Thursday, the BSE Sensex closed down 315 points at 79,801. The Nifty 50 also fell 82.25 points, closing at 24,246.7. Foreign Institutional Investors (FIIs) bought shares worth ₹8,250.53 crore, while Domestic Institutional Investors (DIIs) sold shares worth ₹534.54 crore.
