Sensex, Nifty Dip in Early Trade Amid Trump Tariff Threats; Infosys Falls 2%

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Sensex, Nifty Dip in Early Trade Amid Trump Tariff Threats; Infosys Falls 2%

Indian stock market indices opened lower on Friday, with the S&P BSE Sensex dropping 282.59 points to 77,323.84 and the NSE Nifty50 falling 84.70 points to 23,507.25 by 9:42 AM. The decline was driven by cautious investor sentiment amid uncertainty over US President Donald Trump’s reciprocal tariff threats, impacting auto and IT sector stocks. Despite the dip, experts noted market resilience due to renewed buying by Foreign Institutional Investors (FIIs).

In the morning trading session, Nestle India led the gainers on the Sensex, rising 1.92%, followed by Hindustan Unilever at 1.67% and ITC at 1.17%. Kotak Bank and Asian Paints also saw gains of 0.78% and 0.67%, respectively. On the downside, Mahindra & Mahindra was the biggest loser, plummeting 3.41%, while Infosys fell 1.78%. Other notable declines included Powergrid and Sunpharma, both down 1.22%, and HCLTech, which dropped 1.10%.

Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, commented, “The market’s resilience, despite Trump’s reciprocal tariff threats, comes from the renewed buying by FIIs and the confidence this has given to the bulls.” He added, “Apart from the tariffs, the market will be looking forward to the April 9th monetary policy and the Q4 results, with the US PCE inflation data expected today providing further cues.”

Vijayakumar further noted that inflationary expectations from Trump’s tariffs remain a key concern for investors. “In this time of heightened uncertainty, investors should remain calm and wait for the dust to settle down. FII buying will keep fairly valued largecaps resilient,” he advised. The market’s focus is also on the upcoming US PCE inflation data, which could indicate broader inflation trends affecting global markets.

The Indian stock market is expected to remain volatile as investors monitor developments around Trump’s tariff policies and their potential impact on global trade. The upcoming monetary policy announcement on April 9 and the release of Q4 results will also influence market sentiment. Investors are advised to stay cautious while awaiting clarity on inflation trends and policy decisions. Further updates on market movements are anticipated.

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