Stock market today : Indian equity benchmark indices, BSE Sensex and Nifty50 , crashed sharply after opening in green on Friday. While BSE Sensex dipped over 1,000 points, Nifty50 went below 24,000. At 11:19 AM, BSE Sensex was trading at 78,797.34, down 1,004 points or 1.26%. Nifty50 was at 23,904.00, down 343 points or 1.41%.
Indian benchmark equity indices declined in Friday's trading session, reversing initial gains, as a terrorist attack on tourists in Kashmir created unease among investors and elevated geopolitical concerns, according to an ET report.
Geopolitical tensions between India and Pakistan following the Pahalgam incident have created a cautious market environment, according to Devarsh Vakil of HDFC Securities.
Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited said, "There are tailwinds and headwinds for the market now. A strong tailwind is the sustained FII buying which has touched a cumulative amount of Rs 29513 crores during the last 7 days. This is a total reversal of the momentum trade to US stocks when the dollar was strengthening. Since FII buying is likely to sustain bears will restrain from shorting the market. Another tailwind is US Treasury Secretary Scot Bessent’s remark that “ India is expected to strike the first bilateral trade deal with the US.” US also is keen to strike as many deals as possible since China’s response to US initiatives has been indifferent. The resilience of the India economy can continue to support the market. The potential headwind looming large on the horizon is the uncertainty regarding India’s response to the terror attack and its consequences."
The total market value of BSE-listed companies reduced by Rs 8.5 lakh crore to Rs 421.13 lakh crore.
US markets closed positively after President Donald Trump announced ongoing trade discussions with China, contradicting Beijing's statements denying such talks.
Indian IT shares responded positively, rising up to 2.5%, with companies like Persistent Systems, Mphasis, TCS, and Infosys showing strong performance on the Nifty IT index.
The positive momentum was short-lived as concerns over the Kashmir terrorist incident affected market sentiment and increased geopolitical tensions.
Across sectors, except IT and Auto, all major indices showed negative performance. Nifty Private Bank, Bank, Healthcare, Pharma, and FMCG indices declined up to 0.8%.
Waaree Energies shares dropped 8.8% during early trading as approximately 15 crore shares became available for trading after the shareholder lock-in period concluded.
Asian markets are poised for consecutive weekly gains, whilst the dollar heads towards its first weekly increase in over a month. Investors have responded positively to the US administration's softer approach towards China, despite no concrete improvements in relations.
Alphabet surpassed profit forecasts and confirmed AI investment plans, resulting in a near 5% increase in after-hours trading, positively influencing peer companies and S&P 500 futures, which increased by 0.5%.
The S&P 500 advanced 2% despite varied corporate results. Asian markets showed positive movement, with Hong Kong's Hang Seng increasing 0.9%, whilst Chinese indices registered modest gains.
Foreign portfolio investors continued their buying streak for the seventh consecutive session on Thursday, investing Rs 8,251 crore in Indian equities .
Indian benchmark equity indices declined in Friday's trading session, reversing initial gains, as a terrorist attack on tourists in Kashmir created unease among investors and elevated geopolitical concerns, according to an ET report.
Geopolitical tensions between India and Pakistan following the Pahalgam incident have created a cautious market environment, according to Devarsh Vakil of HDFC Securities.
Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited said, "There are tailwinds and headwinds for the market now. A strong tailwind is the sustained FII buying which has touched a cumulative amount of Rs 29513 crores during the last 7 days. This is a total reversal of the momentum trade to US stocks when the dollar was strengthening. Since FII buying is likely to sustain bears will restrain from shorting the market. Another tailwind is US Treasury Secretary Scot Bessent’s remark that “ India is expected to strike the first bilateral trade deal with the US.” US also is keen to strike as many deals as possible since China’s response to US initiatives has been indifferent. The resilience of the India economy can continue to support the market. The potential headwind looming large on the horizon is the uncertainty regarding India’s response to the terror attack and its consequences."
The total market value of BSE-listed companies reduced by Rs 8.5 lakh crore to Rs 421.13 lakh crore.
US markets closed positively after President Donald Trump announced ongoing trade discussions with China, contradicting Beijing's statements denying such talks.
Indian IT shares responded positively, rising up to 2.5%, with companies like Persistent Systems, Mphasis, TCS, and Infosys showing strong performance on the Nifty IT index.
The positive momentum was short-lived as concerns over the Kashmir terrorist incident affected market sentiment and increased geopolitical tensions.
Across sectors, except IT and Auto, all major indices showed negative performance. Nifty Private Bank, Bank, Healthcare, Pharma, and FMCG indices declined up to 0.8%.
Waaree Energies shares dropped 8.8% during early trading as approximately 15 crore shares became available for trading after the shareholder lock-in period concluded.
Asian markets are poised for consecutive weekly gains, whilst the dollar heads towards its first weekly increase in over a month. Investors have responded positively to the US administration's softer approach towards China, despite no concrete improvements in relations.
Alphabet surpassed profit forecasts and confirmed AI investment plans, resulting in a near 5% increase in after-hours trading, positively influencing peer companies and S&P 500 futures, which increased by 0.5%.
The S&P 500 advanced 2% despite varied corporate results. Asian markets showed positive movement, with Hong Kong's Hang Seng increasing 0.9%, whilst Chinese indices registered modest gains.
Foreign portfolio investors continued their buying streak for the seventh consecutive session on Thursday, investing Rs 8,251 crore in Indian equities .
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