The Indian stock markets opened on a vigilant note in the negative sector on Friday as investors moved beyond the implementation of the US tariff along with weak global signals and did not make any progress in Ukraine’s struggle.
The benchmark Nifty 50 index opened at 25,064.15, slipped from 19.60 points or 0.08 percent, while the BSE Sensex reduced the session to 81,957.74 below 42.97 points or 0.05 percent.
Market experts highlighted that emotions remain delicate, not ready to take an aggressive position with traders.
Banking and market expert Ajay Bagga told ANI, “Indian markets will find it difficult to maintain a slight step of the last week. The US poverty tariffs seem slapped to come into force on August 27, there is no progress on peace talks with Ukraine.
Traders will closely monitor their speech for any clue on the US interest rate cut in September after a recent job market weakness. ,
Carefully adding, the White House trade advisor Peter Navarro on Thursday made the investor’s trust another hit after making new allegations against India.
He claimed that India was “terminated” the Ukraine war by giving exemption of Russian crude oil. Calling India as “Londromat for Kremlin”, Navaro alleged that the country’s raw purchases were helping Russia to fund their war efforts, even from refining and rebellion to New Delhi.
“India does not want to recognize its role in bloodshed. It is cohabiting for Xi Jinping (Chinese President). They (India) do not need (Russian) oil.
What you are doing right now is not causing peace. This ends the war, ”said the White House business advisor.
On the broad market front, indices on NSE showed mixed trends. The Nifty 100 declined by 0.26 percent, while the Nifty Midcap 100 increased by 0.21 percent. Nifty Smallcap shares were less than 0.07 percent.
The Sectoral Index also reflected the cautious mood. Except for Nifty Media, Pharma and PSU Bank, all major areas were trading in red at the time of filing this report. Nifty auto slipped 0.08 percent, Nifty FMCG lost 0.27 percent, Nifty fell 0.17 percent, while Nifty metal was the worst hit, 0.46 percent below.
Asian markets displayed mixed agitation. Nikkei 225 of Japan traded with a decline of 0.11 percent, while Singapore’s Straits Times increased by 0.38 percent.
Hong Kong’s Hang Seng Index rose 0.16 percent, South Korea’s Kospi rose 0.61 percent, while Taiwan’s weighty index slipped 0.26 percent, showing a spectacular tendency throughout the region. (AI)
