The domestic stock market started with a decline on Friday. Global signs were provided, causing Sensex and Nifty to open open. The Bombay Stock Exchange (BSE) Sensex opened 410 points to 74,201.77 in early trade. At the same time, the National Stock Exchange (NSE) Nifty opened at 22,374 below 171.05 points.
How will the market start today?
The Indian stock market may open with a decline today. GDP figures of the country’s third quarter (Q3), frequent selling by foreign institutional investors (FIIs) and new tariff decisions of Donald Trump may affect the Sensex and Nifty 50.
BS Manthan: A two -day summit will end today, India’s development will be discussed today
The BS Manthan Summit, which started on 27 February 2025, will end today. Important issues related to India’s economy and trade are being discussed at this summit. On the second day, big business leaders like Sameer Arora of Helios Capital, Sunil Vachani of Dixon Technologies and Ajay Chaudhary of HCL will share their views on India’s development possibilities.
Decline in global markets, impact of Trump’s tariff decision
The Asia-Pacific stock markets saw a decline on Friday. US President Donald Trump announced that the tariffs on imports from Mexico and Canada would be implemented from next week, increasing pressure in the markets. Japan’s Nikkei dropped 2.76%, while the topics weakened 1.96%. Australia’s ASX 200 0.67% and South Korea’s Kospi fell 2%. On Thursday, Trump confirmed that 25% tariff on Canada and Mexico would be effective from March 4. He said that these countries are not taking enough steps to stop drug trafficking. In addition, in addition to 10% tariff already imposed on China, 10% additional tariffs will be imposed from March 4.
American markets also saw a decline. The S&P 500 declined by 1.59%, while Nasdaq fell by 2.78%. The effect of this was that Nvidia shares fell by 8.5%. Dow Jones declined by 0.45%. The US economy grew at a rate of 2.3% in the fourth quarter of 2024, the fastest growth in the previous three quarters. According to new unemployment data, the new unemployment claims increased by 22,000 to 242,000 in the third week of February, which is the highest and more than expected in two months.
Domestic signal
India’s economy is estimated to increase by 6.3% in the previous quarter. According to a survey conducted by Reuters on economists, an increase in government expenditure helped to compensate for weakness in domestic demand. However, further growth estimates are slightly cautious.
Commodity Market Update
Gold prices fell to a two -week low on Thursday. Gold fell 1.1% to $ 2,885.13 an ounce in the international market, while US gold futures fell 1.2% to close at $ 2,895.90 an ounce. The main reason for this was the strengthening of the US dollar and waiting for investors to wait for important data related to inflation.
At the same time, crude oil prices saw an increase of more than 2%. The oil market booured after former US President Donald Trump’s cancel the Chevron license in Venezuela and the introduction of new tariffs on Mexico and Canada. These tariffs include 10% duty on imported energy products from Canada. After this decision, Brent crude rose 2.08% to $ 74.04 per barrel, while US WTI crude rose 2.52% to close at $ 70.35 per barrel.
