Stock market today: BSE Sensex opens flat; Nifty50 below 23,500 – The Times of India

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened flat in trade on Thursday. While BSE Sensex was near 77,300, Nifty50 was below 23,500. 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%.
Indian equity markets turned negative on Wednesday as investors took profits while awaiting details on upcoming US reciprocal tariffs scheduled for April 2.
“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.
Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments said, “The market has turned cautious as the reciprocal tariff day approaches. Institutional activity suggests that while FIIs are not overly concerned about tariffs DIIs are taking a cautious stance. During the last five trading days FIIs bought equity for Rs 21376 crores while DIIs sold equity for Rs 9704 crores. Despite net institutional buying yesterday the market drifted down indicating concern and fear in the market. The strength of domestic consumption themes like financials, telecom, aviation and hotels indicate that the market is preparing for a scenario where tariffs may impact export-oriented segments.Trump’s latest decision to impose a 25 % duty on all car imports to the US will impact Tata Motors which exports a significant chunk of JLR cars to the US.”
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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.
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, following a 25% duty imposed on imported cars and light trucks that intensified global trade tensions.
Foreign portfolio investors purchased net shares worth Rs 2,240 crore on Wednesday. Domestic institutional investors divested shares valued at Rs 696 crore.
The net short position of Foreign Institutional Investors decreased from Rs 90,604 crore on Tuesday to Rs 83,733 crore on Wednesday.