Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Tuesday. While BSE Sensex was near 77,600, Nifty50 was above 23,500. At 9:16 AM, BSE Sensex was trading at 77,595.64, up 409 points or 0.53%. Nifty50 was at 23,502.75, up 142 points or 0.61%.
Indian markets saw a decline on Monday as global markets reacted negatively to Donald Trump’s tariff impositions on Canada, Mexico and China, intensifying trade war worries. The Indian rupee weakened to an unprecedented low of 87.29 against a strengthening US Dollar.
“Concerns over Trump’s tariff announcements overshadowed the budget’s impact, pushing the index toward its 20-week EMA, signaling caution amid consolidation. This phase may continue, with global cues, corporate earnings, and the upcoming MPC meeting playing a key role in market direction,” said Ajit Mishra – SVP, Research, Religare Broking.
Market sentiment remains weak with potential downside risk. Support levels are positioned at 23,200/23,100, whilst resistance stands at 23,400.
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US stocks finished lower on Monday, recovering partially from earlier deeper losses after President Trump postponed Mexican tariffs, following his earlier tariff announcements on three nations that triggered a flight to safe-haven assets.
Asian markets showed positive movement following Trump’s decision to delay tariffs on Mexico and Canada, alongside announcing continued China discussions.
The Canadian dollar, Mexican peso and euro maintained stability against the USD on Tuesday, following Monday’s volatile session where they recovered from multi-year lows after Trump’s month-long tariff suspension for Canada and Mexico.
Gold prices remained near their historic peak achieved in the previous session on Tuesday, as investors worried about inflationary pressures and economic slowdown due to Trump’s tariffs on Canada, China, and Mexico.
FPIs were net sellers at Rs 3,958 crore on Monday, whilst DIIs purchased shares worth Rs 2,708 crore.
FII net short positions expanded from Rs 1.74 lakh crore on Saturday to Rs 1.84 lakh crore on Monday.
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I’m JP, a 26-year-old from Odisha, India 🇮🇳 and the founder of newsxbyte.com 📰. I write articles and news on a variety of topics, including business, finance 💼, and exam updates 📚. With a passion for journalism and digital content, I strive to keep my readers informed and engaged with the latest updates and insights.
