Market Opens in Red

Today, the Indian stock market saw a downward trend as the BSE Sensex and Nifty50 opened lower. The BSE Sensex was down over 100 points, while the Nifty50 hovered near 23,150. By 9:16 AM, the BSE Sensex was trading at 76,237.17, marking a decrease of 111 points or 0.15%. Similarly, the Nifty50 was at 23,167.10, down by 24 points or 0.10%.

Market experts anticipate continued recovery in the short term. (AI image)

Yesterday's Performance

Despite today's downturn, the benchmark indices showed robust performance during the weekly expiry session yesterday, continuing their upward trajectory for the fourth consecutive session. This was amidst strong global market conditions.

Expert Opinion

Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, commented on the rally, highlighting the buying by FIIs and the shift in their positions as key drivers. He advised investors to wait for the reciprocal tariff announcement on April 2nd before making investment decisions.

Global Market Influence

US markets finished marginally lower on Thursday, and Asian equity markets displayed varied movements on Friday. Gold prices remained stable, supported by safe-haven demand and the Federal Reserve's indication of potential rate cuts.

Investor Activity

Foreign portfolio investors became net buyers at Rs 3,239 crore on Thursday, while DIIs sold shares worth Rs 3,136 crore. The net short position of FIIs decreased from Rs 1.28 lakh crore on Wednesday to Rs 1.11 lakh crore on Thursday.