Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Wednesday ahead of RBI’s monetary policy review. While BSE Sensex dipped over 350 points, Nifty50 was below 22,450. At 9:16 AM, BSE Sensex was trading at 73,874.49, down 353 points or 0.48%. Nifty50 was at 22,423.10, down 113 points or 0.50%.
Indian equities closed on Wednesday with robust gains, recovering partially from the previous session’s decline. Market experts indicate continued volatility until clarity emerges regarding US tariffs, whilst individual stocks may fluctuate based on fourth-quarter results and company forecasts.
The S&P 500 experienced a significant decline on Tuesday, dropping below 5,000 points for the first time in nearly a year, following a reversal of early gains. Prospects diminished for potential US tariff adjustments before the midnight deadline.
Asian markets opened lower as the White House proceeded with extensive tariffs on trading partners, including a 104% duty on China, affecting risk sentiment. US Treasury yields continued upward.
The yen and Swiss franc strengthened against the dollar on Wednesday as the United States’ announcement of 104% tariffs on China created uncertainty in global equity markets, pushing the Chinese yuan to unprecedented lows.
Gold prices declined on Wednesday as United States Treasury yields rose. Investors remained cautious whilst monitoring growing trade tensions between the US and its trading partners, with concerns about a potential global economic downturn.
Oil prices fell to their lowest levels since four years on Wednesday morning, driven by concerns over demand amidst intensifying trade disputes between the United States
FPIs registered net sales of Rs 4,995 crore on Tuesday, whilst domestic institutional investors purchased shares worth Rs 3,097 crore.
FIIs’ net short positions increased from Rs 1.07 lakh crore on Monday to Rs 1.09 lakh crore on Tuesday.
