Indian Stock Market Opens in Green

On Wednesday, the Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green. The BSE Sensex was above 73,000, and Nifty50 was above 22,100, indicating a positive start for the Indian stock market. At 9:16 AM, BSE Sensex was trading at 73,154.25, up 164 points or 0.23%. Nifty50 was at 22,127.25, up 45 points or 0.20%.

Global Market Sentiment Affects Indian Equities

Indian equities ended lower for the tenth straight trading session on Tuesday, affected by negative global market sentiment. The United States implemented a 25% tariff on Canadian and Mexican imports, while Chinese imports faced a total 20% duty after President Trump imposed an additional 10% levy.

Analysts Weigh In

Analysts indicate that Indian markets are likely to remain subdued due to weak global indicators and absence of domestic catalysts, although sustained interest in the broader market might offer some stability. Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, suggests that uncertainty unleashed by Trump tariffs is reigning supreme now and this is weighing on markets.

US and Asian Markets React

US markets closed lower on Tuesday, with the technology-focused Nasdaq approaching correction levels, as trade relations worsened following US President Trump's new tariffs on Canada, Mexico and China. Asian equities remained unstable after US Commerce Secretary Howard Lutnick indicated potential reversal of Trump administration tariffs that triggered worldwide market decline.

Investor Activity

Foreign portfolio investors registered net sales of Rs 3,406 crore on Tuesday. Domestic institutional investors purchased shares valued at Rs 4,851 crore. FIIs' net short position decreased from Rs 1.87 lakh crore on Monday to Rs 1.87 lakh crore on Tuesday.