नवीनतम
Nifty down 173 points, Sensex loses 450 points
MUMBAI [Maha Media]: The Indian stock markets are showing resilience as compared to Asian peers. However, it opened in negative on Friday, the second day following the announcement of new tariffs by U.S. President Donald Trump.
The other Asian indices faced a sharp downturn amid concerns over a global trade war and heightened recession fears.
The benchmark Nifty 50 index opened at 23,190.40, registering a dip of 59.70 points or 0.26 percent. Similarly, the BSE Sensex opened at 76,160.09, declining by 135.27 points or 0.18 percent. The initial downturn reflected global uncertainty.
Market expert Ajay Bagga highlighted the severe impact of what is being referred to as the "U.S. Liberation Day" tariffs.
He told news agency, "The US Liberation Day tariffs proved to be very damaging for market sentiment, with global economic recession risks being raised by analysts due to the risks of a global trade war. US stock markets bore the brunt of the "Make America Wealth Again" tariffs, which are seen as a self-defeating move that will raise prices, reduce choice and lead to demand destruction. Indian markets weathered the Asian, European and US markets' fall with banks and financials doing the heavy lifting."
The Indian market now awaits the earnings season, which begins next week and is expected to act as a key catalyst for stock movements. Additionally, investors are anticipating the Reserve Bank of India's (RBI) interest rate decision on April 9, which could further influence market direction.
The market holiday on April 10 will shift the weekly options expiry to Wednesday, making today's weekly Nifty trading session crucial as faster premium decays are expected.
