Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices traded in red on Friday session, driven by increased global uncertainties due to Donald Trump’s tariff moves.BSE Sensex plunged over 650 points, falling to 82,542.01, down 0.78%, as global trade tensions rattled investor sentiment. Sensex opened at 82,820.76, compared to its previous close of 83,190.28, and hit an intraday low of 82,535.93.Meanwhile, Nifty50 also slipped sharply, breaching the 25,200 mark to trade at 25,167.60, down 187.65 points or 0.74% around 11:20am.Market movements are expected to be influenced by India-US trade negotiations and company earnings reports.VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “A significant trend in market performance in H1 2025 is the outperformance of large caps vs the broader market. While Nifty Smallcap 250 Index and Nifty Midcap 150 Index delivered 0.3% and 4.0 % returns respectively, Nifty 50 delivered 7.9% return. The overvaluation of the broader market is getting corrected. India is underperforming markets like South Korea, Germany, Japan and MSCI EM. This is largely due to the elevated valuations in India.”“Q1 results of TCS indicate continuing struggle for IT companies, particularly large cap IT. However, midcap IT is likely to do well. Outperformance in Q1 will be from telecom, oil and gas and segments of autos. Investors may focus on fairly valued stocks with earnings visibility”US markets achieved new highs, with the S&P 500 and Nasdaq Composite setting record closes. The positive movement was supported by Delta Air Lines’ optimistic forecast and Nvidia’s performance, despite new tariff announcements.Asian equities showed mixed performance as trade concerns resurfaced following Trump’s tariff suggestions:Gold prices increased on Friday following US President Donald Trump’s announcement of fresh tariffs on Canadian imports and broader tariff warnings to other trade partners. However, gains were constrained by a stronger dollar as market participants evaluated the latest trade developments.Oil prices remained stable in early Friday trading after a 2% decline in the previous session. The decline was attributed to Trump’s latest tariffs, which are expected to impact economic growth, alongside OPEC’s reduced demand projections.(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)
