SOURCE : NEW18 NEWS
Last Updated:April 30, 2025, 09:23 IST
Indian benchmark equity indices BSE Sensex and Nifty50 were trading lower at open on Wednesday, amid mixed global cues
Stock market updates
Sensex Today: Indian benchmark equity indices BSE Sensex and Nifty50 were trading lower at open on Wednesday, amid mixed global cues as investors grapple with tariff and India-Pak related uncertainty.
‘Investors can do partial profit booking and increase cash component in portfolio’
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“The surprising resilience of the market is significant. After the reciprocal tariff tantrums and the heightened tensions between India and Pakistan, Nifty is up 5 per cent in April. This underscores the importance of not panicking during a crisis. It is important to remain invested. The crucial support to the market is coming from the sustained FII inflows which have touched a cumulative figure of Rs 37,325 crores in the last 10 trading sessions. The weakness of the dollar and India’s economic resilience are supporting this FII’s India trade. This can continue. However, investors should exercise caution. Since markets have rewarded patience and many stocks have appreciated handsomely, investors can do partial profit booking and increase the cash component in their portfolio. This strategy should be as a measure of abundant caution. There are unknown unknowns in the market now.”
Views by: Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited
Global Cues
Wall Street stocks rose on Tuesday, while crude oil and gold prices declined, as investors weighed corporate earnings, encouraging signs from President Trump’s tariff negotiations, and rising concerns about a global recession. All three major U.S. indexes posted modest gains, with the Dow leading the way.
As of 9:40 a.m. Tokyo time, S&P 500 futures slipped 0.3%, reflecting a cautious tone in global markets. In Asia, Japan’s Topix and Australia’s S&P/ASX 200 both edged up 0.3%, while Hang Seng futures remained flat. Meanwhile, Euro Stoxx 50 futures showed little movement, suggesting a muted start for European markets.
