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Indian equity indices, Sensex and Nifty, are set for a cautious start on Friday as investors await key triggers
Stock Market Today
Sensex Today: Indian stock markets started the day on a subdued note, with investors eyeing the last set of Q4FY25 corporate earnings, Q4 GDP data, and global trade tensions surrounding former US President Donald Trump’s tariff actions. The BSE Sensex fell by 108 points (0.13%) to 81,525, while the Nifty50 was down 33 points (0.13%) at 24,800.
Adani Ports, Nestle India, L&T, Sun Pharma, Bajaj Finserv, Power Grid, and Titan were the key gainers in early trade. Infosys, HCL Tech, Tech Mahindra, IndusInd Bank, Tata Steel, and TCS were among the top losers.
Broader market indices outperformed, with the Nifty MidCap and SmallCap indices up 0.36% and 0.15%, respectively. Sectorally, the Nifty PSU Bank index advanced 0.31% to lead the gains, while the Nifty IT index shed 0.7%, emerging as the biggest sectoral loser.
Key Domestic Trigger: Q4 GDP Data
Markets will keenly watch India’s Q4FY25 GDP figures due later today. Analysts expect the economy to have accelerated in the January–March quarter, driven by a rebound in rural demand and government spending, despite muted private investments amid global uncertainties.
Global Cues
Asian markets were trading lower on Friday, weighed down by persistent worries over a slowing US economy, sticky inflation, and legal uncertainties surrounding former US President Donald Trump’s reciprocal tariffs.
The US Court of International Trade ruled that Trump overstepped his authority with the tariffs, ordering them to be vacated. However, an appeals court reinstated the levies on Thursday after the Trump administration appealed, with officials hinting at an approach to the US Supreme Court as early as Friday.
Investors are also tracking Japan’s inflation data for hints on monetary policy. Tokyo’s core inflation rose 3.6% year-on-year in April — slightly above expectations — marking the highest level since January 2023.
In Asian trading, Japan’s Nikkei was down 1.48% while the broader Topix index fell 0.8%. South Korea’s Kospi slipped 0.18% and Australia’s ASX 200 inched down 0.19%.
Overnight, US markets ended higher, supported by tech gains, especially in Nvidia. The S&P 500 rose 0.4%, while the Nasdaq Composite added 0.39%, retreating from earlier highs. The Dow Jones gained 0.28%.
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