Last update:
Benchmark Equity Index, BSE Sensx and Nifty 50, started the week on a flat note on Monday, reflecting mixed global signals
Stock Market Today
Sensex today: Amid mixed global signals, benchmark equity index BSE Sensax and Nifty are trading less on Monday.
At 11 am, BSE Sensex was at 517.10 points or 0.66 percent, below 77,343.09, while Nifty50 was at 23,396.25, 163.70 points or 0.69 percent.
Last week, after the RBI MPC’s 25 basis point cut rate cut and the Bharatiya Janata Party’s victory in the Delhi Assembly elections over the weekend, investors are now focusing on the third quarter earnings from Indian companies, as well as the potential tariffs our potential tariffs President Donald Trump is being considered by.
Global signal
Asian shares declined, and US President Donald Trump reached a high level on Monday after a renewed warning of the adjacent tariff of Donald Trump, including steel and aluminum. This inflation move can limit the ability to cut future rates.
Talking to reporters of Air Force One, Trump said that he would announce 25% tariff on all steel and aluminum imports in the US on Monday, which would reveal additional mutual tariffs on Tuesday or Wednesday.
Oil prices rose slightly on Monday, as investors weighed Trump’s latest tariff danger impact, which could reduce the demand for global economic growth and energy.
Brent crude futures increased by 40 cents, or 0.5%, up to $ 75.06 per barrel 0133 gmt, while US West Texas Intermediate crude 38 cents, or 0.5%, at $ 71.38 per barrel. Despite this growth, the market recorded its third consecutive weekly decline last week due to concerns over a possible global trade war.
