Stock market today: Nifty50 opens in red; BSE Sensex down almost 200 points
Market experts anticipate continued pressure due to global factors, economic data releases and ongoing India-US trade negotiations, and the newly announced 100% pharma tariffs by US President Donald Trump.US stock markets closed lower on Thursday, with broader S&P 500 sectors declining as economic reports created uncertainty regarding the Federal Reserve’s interest rate reduction timeline.Asian equities declined at opening following robust US economic data and varied Federal Reserve officials’ comments on rate cuts, raising concerns about high Wall Street valuations.Gold prices decreased on Friday following robust US economic indicators that raised questions about Federal Reserve’s interest rate reduction plans and strengthened the dollar.
Traders await US inflation figures later today for additional market guidance.Foreign portfolio investors sold shares worth Rs 2,425 crore net on Wednesday.
Domestic institutional investors were net buyrs at Rs 1,212 crore.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own.
These opinions do not represent the views of The Times of India)
