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Indian equity indices, Sensex and Nifty, are set for a cautious start on Friday as investors await key triggers
Stock Market Today
Sensex Today: Indian equity indices, Sensex and Niftyare set for a cautious start on Friday as investors await key triggers including Q4 GDP data, the final batch of Q4 earnings, reinstatement of Trump-era tariffs, institutional flows, and forex numbers.
At around 6:40 AM, GIFT Nifty futures were trading 11 points lower at 24,932, hinting at a muted opening.
Key Domestic Trigger: Q4 GDP Data
Markets will keenly watch India’s Q4FY25 GDP figures due later today. Analysts expect the economy to have accelerated in the January–March quarter, driven by a rebound in rural demand and government spending, despite muted private investments amid global uncertainties.
Global Cues
Asian markets were trading lower on Friday, weighed down by persistent worries over a slowing US economy, sticky inflation, and legal uncertainties surrounding former US President Donald Trump’s reciprocal tariffs.
The US Court of International Trade ruled that Trump overstepped his authority with the tariffs, ordering them to be vacated. However, an appeals court reinstated the levies on Thursday after the Trump administration appealed, with officials hinting at an approach to the US Supreme Court as early as Friday.
Investors are also tracking Japan’s inflation data for hints on monetary policy. Tokyo’s core inflation rose 3.6% year-on-year in April — slightly above expectations — marking the highest level since January 2023.
In Asian trading, Japan’s Nikkei was down 1.48% while the broader Topix index fell 0.8%. South Korea’s Kospi slipped 0.18% and Australia’s ASX 200 inched down 0.19%.
Overnight, US markets ended higher, supported by tech gains, especially in Nvidia. The S&P 500 rose 0.4%, while the Nasdaq Composite added 0.39%, retreating from earlier highs. The Dow Jones gained 0.28%.
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