Indian Stock Market Opens Strong

On Friday, the Indian equity benchmark indices, BSE Sensex and Nifty50, opened on a positive note. The BSE Sensex surged over 300 points, while the Nifty50 crossed the 23,100 mark. By 9:22 AM, the BSE Sensex was trading at 76,297.32, up by 158 points or 0.21%. Similarly, the Nifty50 was at 23,076.55, up by 45 points or 0.20%.

Market Optimism Amid Global Trade Talks

Market experts are optimistic about the potential outcomes from ongoing discussions regarding US reciprocal tariffs. This optimism comes despite the late-session selling pressure observed on Thursday. Trading activities are expected to be significantly influenced by the results of Modi-Trump discussions and the final Q3 earnings reports due today.

The Nifty maintains a positive short-term trajectory, though it is struggling at resistance levels. A break above 23,250 could confirm a trend reversal, with support existing at 22,800.

Global Market Reactions

US stock markets advanced on Thursday following President Trump's announcement of a potential reciprocal tariff framework. Asian markets also tracked higher on Friday, responding favorably to potential delays in the implementation of US reciprocal tariffs.

Gold and Investment Trends

Gold remained stable on Friday, heading towards its seventh weekly gain amid concerns over global trade tensions following Trump's reciprocal tariff proposals. FPIs registered net sales of Rs 2,790 crore on Thursday, while DIIs purchased shares worth Rs 2,934 crore. The FII net short position decreased from Rs 1.86 lakh crore on Wednesday to Rs 1.83 lakh crore on Thursday.