First Trade: Sensex adds 84 points, Nifty at 23,600; BSE gains 10%
After starting on a positive note, taking note of weak global cues, Indian equities soon traded in the red.
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Indian equities in Friday's session opened a tad higher despite global market sentiment. At the open, Nifty50 opened marginally higher at 23,600.4, a tad higher by 8 points, while the Sensex opened at 77,690.69, up 84 points.
Meanwhile, broader markets showed resilience and gained up to 0.77 per cent in early trade.
In the previous session, equities snapped a 7-day rally as losses in the auto pack post Trump's 25% tariff levy outweighed. As of today, markets will focus on the NSE indices March rebalancing -which comes into effect from today.
Positive factor
FIIs have turned net buyers for the month after they have bought into the Indian equities for the past six sessions.
Sectoral gauges performance
In a mixed session, pharma, auto, IT, realty indices traded with losses, while FMCG and oil & gas indices led the gains with gains of up to 1 per cent.
Stocks in action
BSE: BSE shares climbed as much as 10 per cent as the SEBI proposes uniform expiry days for derivative contracts. The move is said to augur well for BSE.
Bharat Electronics: The company has bagged orders worth Rs 1,385 crore after March 12 for EVM, simulator, radar components among others.
Asian markets
Asian stocks on Friday extended previous day's losses amid US President Donald Trump's tariff jitters. Japan's stocks also emerged as the worst performer as a hotter-than-expected inflation data from Tokyo ramped up bets of a rate hike by the central bank.
Auto stocks have been reeling under pressure since the announcement of Trump's 25 per cent tariffs on auto imports into the US.
Tech stocks also bore the brunt amid growing concerns of oversupply in the AI space.
The key MSCI Asia ex Japan index declined 0.78 per cent in trade today.
Key events to dictate the market next
Markets now will be factoring the upcoming monetary policy outcome due on April 9 and then post that Q4 earnings.
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04:21 PM IST
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