Mumbai: Indian equity benchmarks rebounded on Friday, reversing several days of declines, with the Nifty50 opening above 25,900 and the BSE Sensex advancing more than 140 points in early trade.
By 9:17 AM, the Nifty50 was at 25,922.45, up 46 points or 0.18%. The Sensex traded at 84,327.52, adding 147 points or 0.17%.
Market experts caution that near-term pressure may persist as investors factor in the risk of new tariff measures under the Donald Trump administration, ongoing geopolitical tensions, and weak global cues.
Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, noted that the previous session’s sharp correction was sparked by fears of a possible 500% tariff on India under the Russia Sanctioning Act signed by President Trump. He said all eyes are on a expected US Supreme Court ruling today on the legality of Trump’s tariff actions.
“There’s a strong chance the court could rule against Trump,” Vijayakumar said, adding that the specifics of any decision will be key. “Whether the tariffs are partially struck down or fully deemed illegal will determine market reaction. A decision against the tariffs could trigger a rally in India, since India has been the worst hit by the 50% tariffs.”
He also noted that stocks unaffected by potential US actions were dragged down in this week’s broad market sell-off. According to him, segments such as financials, consumer discretionary, and industrials which have corrected due to overall weakness offer accumulation opportunities for long-term investors.
Overseas, US markets ended mixed on Thursday. Technology names, including Nvidia, saw selling pressure, while defence stocks rose after President Trump proposed a substantially larger $1.5 trillion military budget.
Asian markets opened slightly higher on Friday, recouping some losses after a two-day slump as investors positioned ahead of key US non-farm payroll data and awaited the Supreme Court’s decision on Trump’s tariff measures.
Investor flows showed caution, with foreign portfolio investors selling equities worth ₹3,367 crore on Thursday, according to provisional data. Domestic institutional investors were net buyers, acquiring shares worth ₹3,701 crore.
Gold and Silver Rates Today
In bullion markets on Friday, precious metals showed mixed movement amid a volatile trading backdrop. On India’s Multi Commodity Exchange (MCX), gold futures for February delivery were quoted around ₹1,37,805 per 10 grams, while silver futures for March delivery traded near ₹2,44,455 per kilogram, reflecting modest upside as markets awaited further economic cues.
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