Indian stock market: The Indian stock market indices were showing a gap-down start as the Gift Nifty was trading at a level of about 23,976, which was approximately 295 points lower than the previous close of the Nifty futures.
Indian stock market: Due to the growing military confrontation between India and Pakistan, the Sensex and Nifty 50 domestic equities market indices are predicted to open lower on Friday.
The US stock market closed higher overnight following the trade agreement between the US and the UK, but Asian markets saw mixed trading.
Following the government’s announcement that the Indian armed forces had targeted air defense radars and systems at several places in Pakistan, the Indian stock market closed Thursday’s trading session lower due to fag-end selling and growing tensions between India and Pakistan.
The Nifty 50 closed 140.60 points, or 0.58%, lower at 24,273.80, while the Sensex plummeted 411.97 points, or 0.51%, to close at 80,334.81.
Due to persistent geopolitical concerns, traders remain cautious due to ongoing uncertainty, which could skew the current trend. Ajit Mishra, SVP, Research at Religare Broking Ltd., stated, “We advise keeping a hedged strategy to navigate the current environment, with focus on stock selection, until the volatility, as indicated by the elevated India VIX, subsides.”
Key worldwide market indicators for the Sensex today are as follows:
Markets in Asia : Due to uncertainty surrounding the US-China trade deal and investors’ anticipation of China’s April trade statistics, Asian markets saw uneven trading on Friday. The Topix rose 1.06% and Japan’s Nikkei 225 surged 1.17%. The Kosdaq dropped 0.59%, although the South Korean stock exchange’s Kospi increased 0.3%. The Hang Seng index for Hong Kong showed a little lower opening.
Gift Nifty Today The Indian stock market indices were showing a gap-down start as the Gift Nifty was trading at a level of 23,976, which was about 295 points lower than the previous closing of the Nifty futures. Following a new trade agreement between the US and Britain, the US stock market concluded Thursday’s trading session higher. The S&P 500 increased 32.66 points, or 0.58%, to 5,663.94, while the Dow Jones Industrial Average increased 254.48 points, or 0.62%, to 41,368.45. At 17,928.14, the Nasdaq Composite ended the day up 189.98 points, or 1.07%.