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The benchmark indices Sensex and Nifty faced unstable trends in the early trade on Friday (March 7, 2025), as uninterrupted foreign funds outfits and uncertainties on global trade war reduced investors’ spirit.
After two days of breathing, the 30-chair BSE benchmark Sensex declined by 243.51 points or 0.33% to 74,096.58. NSE Nifty took a dip over 53.35 points or 0.24% to 22,491.35.
Sensx packs, IndusInd Bank, NTPC, HCL Technologies, Tech Mahindra, Zomato, Power Grid, ICICI Bank, Infosys, ITC, Hindustan Unilever and Bharti Airtel were among legs.
Also read Markets bounce back with a rally in Asian peers
On the other hand, Tata Motors, Reliance Industries, Tata Steel, Adani Ports, Larsen and Toubro, and Axis Bank were beneficial.
“Trump Daily Daily is seriously viewed on tariffs with the latest decision to implement tariffs on Canada and Mexico by 2 April, markets are being seen seriously. Markets feel that Trump feels eager to interact with high tariffs for long periods,” said VK Vijaykumar.
In Asian markets, Tokyo and Seoul were doing less business, while Shanghai was flat. Hong Kong was quoting the stock market in a positive field.
The US markets decreased overnight deals on Thursday.
According to Mr. Vijaykumar, the fact of the fact that high tariffs for long -term will also affect the American economy. Sales in US stock markets are also an indication that President Trump’s policies can affect development and earnings in the US.
“China and Germany are implementing reforms to encourage their domestic economies with Trump’s policies. This change in global construction can affect the stock markets. The dollar index is constantly softening; it is good news for India. India’s growth is recovering and stock market valuation is now appropriate. It is now trending.”
According to the exchange data, in the meantime, foreign institutional investors (FIIs) discontinued the price of 2,377.32 crores, while domestic institutional investors (DIIS) on Thursday bought an equity of ₹ 1,617.80 crore on a net basis.
Global Oil Benchmark Brent crude increased from 0.07% to $ 69.51 per barrel.
Traders are looking closely to the US Federal Reserve Chair Jerome Powell’s comment and the balance sheet of the Central Bank later on Friday.
Meanwhile, President Donald Trump said that he has postponed 25% tariffs on most goods from Mexico for a month after talks with the President of that country. After the announcement, his Commerce Secretary Howard Lutynik said that both Canada and Mexico would delay tariff “probability”.
On Thursday, the 30-shyer BSE Sensex jumped 609.86 points, marking his second straight day profit, to settle at 74,340.09. NSE’s comprehensive Nifty closed at 207.40 points at 22,544.70.
Published – March 07, 2025 10:50 AM IST
