Stock market today: Nifty50 and BSE Sensex opened in red on Tuesday on weak global cues following fresh tariff threats from US President Donald Trump. While Nifty50 dropped over 100 points, BSE Sensex went below the 83,000 mark. At 9:16 AM, Nifty50 was trading at 25,608.90, down 104 points or 0.40%. BSE Sensex was at 82,935.89, down 359 points or 0.43%.Analysts said domestic markets are likely to remain range-bound with a positive undertone, supported by sector-specific momentum at home despite mixed signals from overseas markets.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “President Trump’s State of the Union address today and the message that he would convey will be keenly watched by markets globally. The EU freezing the deal with the US in the light of the tariff changes following the US Supreme Court verdict and Trump’s warnings to countries backing away from deals indicate that the tariff drama has more in store for economies and markets. We will have to wait and watch how this drama plays out.” “Meanwhile the trend of weakness in tech stocks stemming from the potential AI impact continues. The weakness in the ADRs of Indian IT companies indicates that this segment will continue to remain under pressure.” “A positive trend in the market that will have significant bearing on the markets is the change in the FII strategy in India. FIIs have been buyers in ten out of the last seventeen trading sessions indicating their renewed interest in India. The improving corporate earnings in India is the principal reason for this change in FII stance. Given the robust macros of the Indian economy and improving corporate earnings, this FII buying trend can continue. Therefore, sectors in which FIIs have been buyers like capital goods and financials will remain resilient and the IT segment in which they have been sellers will continue to be weak. So, watch out for the stocks in these segments.”On Wall Street, stocks declined sharply on Monday as investors reacted to persistent fears about the disruptive impact of artificial intelligence on corporate earnings, along with the fallout from Friday’s US Supreme Court ruling on tariffs. The combined effect prompted a shift away from riskier assets.Asian markets mirrored the weakness at the open, pressured by anxiety over how advances in artificial intelligence could affect company profitability. Ongoing uncertainty surrounding tariffs further dampened sentiment among traders in the region.In currency markets, the US dollar remained subdued on Tuesday as Asian investors assessed the implications of renewed turbulence in US trade policy. The greenback held onto its losses as China and Japan resumed trading after holidays. Sentiment was also influenced by President Donald Trump’s warning to countries against stepping back from recently concluded trade agreements following the Supreme Court’s decision to invalidate his emergency tariffs.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
