Market Overview

The Indian equity benchmark indices, BSE Sensex and Nifty50, opened flat in trade on Thursday. At 9:19 AM, BSE Sensex was trading at 77,321.64, up 33 points or 0.043%. Nifty50 was at 23,488.90, up 2 points or 0.0087%.

Investor Sentiment

"We expect the market to remain range-bound with stock/sector specific action on the back of developments around the US India trade meet during the week," said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal.

Global Influences

US equities declined significantly on Wednesday, with Nvidia and Tesla leading losses as markets awaited details regarding anticipated US automotive import tariffs. Asian stocks declined Thursday morning following President Donald Trump's trade announcements affecting risk appetite.

Gold and Investments

The price of gold increased on Thursday amid growing worries about the U.S. President Donald Trump's intentions to implement reciprocal tariffs next week. Foreign portfolio investors purchased net shares worth Rs 2,240 crore on Wednesday. Domestic institutional investors divested shares valued at Rs 696 crore.