Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Wednesday amidst ongoing uncertainty on Donald Trump’s tariff moves. While Nifty50 was below 25,500, BSE Sensex was down over 100 points. At 9:18 AM, Nifty50 was trading at 25,497.85, down 25 points or 0.097%. BSE Sensex was at 83,602.43, down 110 points or 0.13%.Analysts maintain a positive outlook for the immediate future, citing potential trade developments and the forthcoming earnings season as supporting factors.VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “A significant takeaway from the recent global market trends is that the markets are largely ignoring the noise from the tariff front and are waiting for clarity to emerge. President Trump’s latest declarations of 50% tariffs on copper imports, 10% tariffs for just being in BRICS, no further extension of the August 1st deadline and a potential 200 % tariffs on pharmaceutical imports with a grace period of one year …are all not taken seriously by the markets since Trump has a track record of chickening out and changing his announcements. In brief the markets are waiting for clarity to emerge on the trade front. Therefore, Nifty is likely to continue in the range in which it has been trading.”“Perhaps, more important from the market perspective in the near-term will be the Q1 results. Midcaps are likely to continue with the earnings growth momentum of Q4 FY25. Largecaps are likely to slowly improve earnings growth, but nothing dramatic is on the cards. Banking names will report better number in H2 FY 26 rather than Q1. Cement segment is showing some green shoots.”The S&P 500 experienced a slight decline in Tuesday’s volatile trading as investors awaited clarity regarding US trade policies, following President Donald Trump’s recent tariff announcements. Investors displayed caution in Asian markets following President Donald Trump’s firm stance on maintaining his August deadline. The announcement affected copper futures negatively.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The OXBIG NEWS NETWORK)
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