Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Monday. While BSE Sensex was above 74,100, Nifty50 was above 22,500. At 9:23 AM, BSE Sensex was trading at 74,186.02, up 357 points or 0.48%. Nifty50 was at 22,515.25, up 118 points or 0.53%.
Global market uncertainties and potential US recession concerns could affect domestic market momentum this week. Nevertheless, experts indicate that recent valuation adjustments, coupled with positive factors including reduced crude oil prices, weakening Dollar Index, and anticipated domestic earnings growth in subsequent quarters, could help stabilize market fluctuations.
Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services says, “The near-term market trend is likely to be stable with a positive bias. The positive factors are the steadily declining trend in FII outflows and the outperformance of India over the US last week. This positive trend has fundamental support from the bounce back in FY25 Q3 GDP growth to 6.2%, the spurt in January IIP to 5%, and the decline in February CPI inflation to 3.61%. This positive macro backdrop can support the market in the short-term but cannot sustain a rally in the market. The trade war fears are looming large on global trade and global growth. The uncertainty surrounding the reciprocal tariffs kicking in from April 2nd will certainly weigh on markets. India dubbed the ‘tariff King’ and ‘tariff abuser’ is unlikely to be spared by Trump. This will keep the market jittery, particularly the export oriented sectors will be anxious about the tariff announcements. Domestic consumption themes unaffected by tariffs will be stable.”
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US equities recovered on Friday as investors sought value opportunities following a week marked by recession concerns and reduced risk appetite amid Trump’s intensifying trade disputes.
Asian markets showed improvement following China’s announcement of consumption revival measures. US equity futures declined as Treasury Secretary Scott Bessent characterised recent market drops as normal.
Crude oil prices commenced approximately 1% higher as Monday trading began, following US commitments to maintain strikes against Yemen’s Houthi forces until they cease their maritime attacks.
Gold prices strengthened on Monday, following its record peak last week. The rise was supported by ongoing geopolitical concerns, trade tariff worries, and anticipated Federal Reserve rate reductions, driving investors towards safe-haven assets.
On Thursday, foreign portfolio investors were net sellers with Rs 793 crore, whilst domestic institutional investors purchased shares worth Rs 1,723 crore.
FII net short positions increased from Rs 1.83 lakh crore on Wednesday to Rs 1.84 lakh crore on Thursday.
