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Sensex Today: Benchmark indices Sensex and Nifty are likely to be guided today by a mix of key factors
Sensex Today
Sensex Today: Benchmark indices Sensex and Nifty opened on a cautious note Thursday, amid a confluence of global and domestic triggers.
The BSE Sensex was trading at 83,585, up 49 points or 0.06 per cent in early deals, while the Nifty50 was at 25,471, down 5 points or 0.02 per cent.
The Nifty MidCap index added 0.11 per cent, and the Nifty SmallCap index rose 0.27 per cent.
Investors will be tracking US President Donald Trump’s latest tariff announcement, the US Federal Reserve’s FOMC meeting minutes, TCS’s Q1 earnings, trends in institutional investments, primary market activity, and mixed signals from global markets.
Global Cues
Asia-Pacific markets were largely mixed this morning as investors reacted to fresh trade tensions and cues from the US central bank.
US President Donald Trump escalated trade measures by raising tariffs on Brazilian imports to 50% from 10%, effective August 1. In a letter, he criticized the trade relationship as “very unfair” and cited Brazil’s legal action against former President Jair Bolsonaro as part of the motivation behind the tariff hike.
The minutes from the US Federal Reserve’s June FOMC meeting revealed that most Fed officials see a rate cut as likely later this year, although the committee remained divided. While some members advocated for a reduction as early as the next meeting, others felt rate cuts may not be needed at all in 2025.
The Fed also noted that inflation from tariffs may prove limited or transitory, and while trade and geopolitical risks persist, overall uncertainty has eased slightly compared to the last meeting.
In regional markets, at the last count, Nikkei was down 0.39 per cent, while the Topix fell 0.48 per cent. South Korea’s Kospi rose 0.91 per cent, and ASX 200 was up 0.65 per cent. On Wall Street, major indices ended higher on Wednesday.
The Nasdaq Composite climbed 0.94 per cent to close at a record 20,611.34. The S&P 500 rose 0.61 per cent to 6,263.26, and the Dow Jones added 0.49 per cent, to finish at 44,458.30.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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