Sensex opens at 76,882, Nifty under 23,400 – Firstpost

The Indian inventory market, grappling with blended world cues, opened in purple within the first buying and selling session of the brand new monetary 12 months.

On Tuesday (April 1), benchmark indices opened with losses of almost 70 foundation factors every.

The 30-share BSE Sensex began the day at 76,882, a reduction of 532.34 factors or 0.68 per cent from the earlier session’s shut.

The broader Nifty 50 index opened at 23,341, down 178.25 factors or 0.75 per cent from Friday’s (March 28) closing ranges.

Blended world cues

The markets had been pulled down by data expertise shares, as US President Donald Trump’s feedback about “broader” reciprocal tariffs stoked investor worries.

Trump had mentioned on Sunday (March 30) that the reciprocal tariffs due on April 2 will embody “all international locations” reasonably than a gaggle of 10 to fifteen international locations with the most important commerce imbalances. That assertion sparked off fears that an escalating commerce warfare may plunge the US economic system right into a recession.

US shares marked a dramatic bullish reversal. The S&P 500 closed 0.6 per cent greater and the Dow Jones rose 1 per cent, whereas the Nasdaq 100 completed the day almost flat. In keeping with Axis Securities, “the restoration was almost definitely triggered by President Trump saying that reciprocal tariffs – as a result of be revealed within the subsequent two days – might be decrease and in some instances ‘considerably decrease’.”

Following the efficiency on Wall Avenue, equities in Asia rose on Tuesday, paring the steep drops from a day prior.

Japan’s Nikkei jumped 0.7 per cent, whereas South Korea’s KOSPI superior 1.4 per cent. Taiwan’s fairness benchmark climbed 1.7 per cent and Hong Kong’s Grasp Seng gained 1 per cent, whereas mainland Chinese language blue chips edged 0.1 per cent greater.

What subsequent for Indian inventory markets?

Since markets throughout the globe are at present centered on Trump’s reciprocal tariffs which might be to introduced on April 2. Mrket developments globally and domestically will rely upon the main points of the levies imposed.

“India outperformed most markets in March with 6.3 per cent return. FIIs turning patrons and the resultant quick masking contributed to the rally. Can the rally proceed or will there be one other downturn? It will rely primarily on what Trump broadcasts in tariffs. If the tariffs are lower-than-feared there generally is a rally available in the market which might be led by externally linked sectors like prescription drugs and IT,” mentioned Dr VK Vijayakumar, Chief Funding Strategist, Geojit Investments Restricted.

He talked about that if the tariffs are extreme there will be one other spherical of downturn available in the market.

With inputs from companies