Stock market today: Nifty50 opens in red; BSE Sensex down over 100 points
Market experts anticipate consolidation with an upward trend. (AI image)
Stock market today:
Nifty50
and
BSE Sensex
, the Indian equity benchmark indices, opened in red on Friday ahead of the RBI policy review. While Nifty50 was below 24,750, BSE Sensex was down over 100 points.
At 9:18 AM, Nifty50 was trading at 24,731.05, down 20 points or 0.080%.
BSE Sensex was at 81,306.31, down 136 points or 0.17%.
Market experts anticipate consolidation with an upward trend, influenced by international market performance, economic indicators and developments in US-India trade talks.
VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, 'Uncertainty, which has been looming large on the global economic horizon, has spiked with the open spat between President Trump and Elon Musk.
This unprecedented clash between two of the world's most powerful and mercurial personalities will have its consequences on the policies of the US administration. Chinese restrictions on exports of rare earth minerals and magnets, in response to the reciprocal tariffs imposed by US, have already started impacting the EV automobile industry.
Important US data like US ISM PMI and jobless claims indicate that the US economy is slowing down.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Giao dịch CFD với công nghệ và tốc độ tốt hơn
IC Markets
Đăng ký
Undo
US is likely to end 2025 with a GDP growth of mere 1%. US bond yields are likely to fall further which will be positive for EMs, particularly India, whose growth prospects are the brightest.
'In today's monetary policy the RBI is likely to cut policy rates by 25 bp. This is already factored in by the market. More important will be the RBI commentary on growth and inflation projections for FY26. If the inflation forecast is cut from 4% the market would respond positively."
US equity indices declined on Thursday in volatile trading, with Tesla's downturn overshadowing positive developments in trade discussions between US President Donald Trump and Chinese leader Xi Jinping.
Asian shares opened with caution before US employment data release, which could indicate future Federal Reserve rate decisions.
Gold prices advanced on Friday and were set for weekly gains, as disappointing U.S.
economic indicators strengthened demand whilst a weakening dollar provided additional support. Investors remained focused on upcoming U.S. payroll figures for insights into the Federal Reserve's policy decisions.
FPIs recorded net sales of Rs 208 crore on Thursday, whilst DIIs emerged as net purchasers with Rs 2,382 crore.
FIIs' net short position in futures trading increased to Rs 1.06 lakh crore on Thursday from Rs 1.02 lakh crore on Wednesday.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
32 minutes ago
- Hindustan Times
‘Defence may be the wrong word': Shashi Tharoor points at ‘China factor' in Pakistan conflict
Congress leader Shashi Tharoor said on Thursday that 81 percent of Pakistan's defence equipment comes from China, making the country an 'impossible factor' to ignore in the conflict with Islamabad. Tharoor, who is leading a parliamentary delegation to the US to expose Islamabad's nexus with terror after India's Operation Sindoor, said that New Delhi-Beijing relations were making good progress till last month's conflict with Pakistan. 'I'm not going to mince my words, but we are aware that China has immense stakes in Pakistan," PTI quoted Tharoor as telling the representatives of think tanks at the Indian Embassy in Washington DC. Tharoor pointed out that the largest single project under the Belt and Road Initiative (BRI) is the China-Pakistan Economic Corridor (CPEC), and that 81 percent of Pakistani defence equipment is from China. 'Defence may be the wrong word here. Offence in many ways……China is an absolutely impossible factor to ignore in what has been our confrontation with Pakistan,' Tharoor said. Shashi Tharoor told the gathering that India had seen good progress in its relationship with China after tensions since the 2020 Galwan Valley clashes. The Thiruvananthapuram MP added that during Operation Sindoor and the conflict with Pakistan, New Delhi saw a very different China in terms of its support for Islamabad, even on the UN Security Council. 'We have no illusions about what the challenges are in our neighbourhood, but I want to remind you all that India has consistently chosen a path of keeping open channels of communication, even with our adversaries. We have tried as much as possible to focus on development, on growth, on trade. Our trade with China is still at record levels. It's not that we are adopting a posture of hostility, but we would be naive not to be aware of these other currents around,' he said. The UN Security Council, on April 25, issued a press statement on the 'terrorist attack in Jammu and Kashmir' after the April 22 Pahalgam attack that killed 26 people, mostly tourists. The statement had condemned the attack in "the strongest terms' but did not mention The Resistance Front as Pakistan, which is a non-permanent member of the council, got it removed with China's help. 'The members of the Security Council underlined the need to hold perpetrators, organisers, financiers and sponsors of this reprehensible act of terrorism accountable and bring them to justice,' the press statement had said. Shashi Tharoor was asked about the Chinese military equipment that Pakistan used in the conflict during an earlier interaction at the Council on Foreign Relations. The delegation head said that when India saw what the Pakistanis were attempting to do using Chinese technology, for instance, the 'kill chain' that the Chinese specialise in, where the radar, GPS, planes and missiles are all linked together and they react instantly, 'we simply did things in a different way. Otherwise, we wouldn't have been able to hit' 11 Pakistani airfields, and "we wouldn't have been able to breach the Chinese-supplied air defences. 'So it's clear that assessments were taking place while the fighting was happening, and we were recalibrating our strategies in order to end as effectively as we were able to end,' Tharoor said.
Mint
36 minutes ago
- Mint
How much has Tesla lost in 2025 amid Elon Musk's political ambitions and public spat with Donald Trump
The public spat between US President Donald Trump and Tesla CEO Elon Musk, which started with criticism of government policy, significantly impacted the world's top EV maker. Amid the ongoing feud, Tesla lost $150 billion in market capitalisation (market cap), and its shares dropped 14% in a day. The market capitalisation of Tesla stood at $917 billion on June 6, 2025, marking a 29.3% decline this year, the largest drop among major companies across the globe, reported Reuters. The EV maker has lost nearly $380 million in 2025 so far, the biggest loss among top companies amid Elon Musk's political ambitions and low demand for Tesla EVs. Till Thursday, the electric vehicle (EV) maker has seen its market capitalisation shrink by approximately $150 billion since the feud began. Tesla share price crashed more than 14% after Musk called out Trump's 'big beautiful bill.' The new bill proposed the elimination of federal EV tax credits, an incentive for Tesla sales. Removing these credits may pose a $1.2 billion challenge for Tesla, which currently faces challenges such as decreasing demand, declining profits, according to JPMorgan analyst Ryan Brinkman, as Mint reported on June 4, 2025. In March, Tesla witnessed a major decline due to concerns about demand for the company's electric vehicles. During this period, Tesla lost $130 billion in market value, Mint reported on March 11, 2025. Reportedly, Tesla chief's prominent involvement in politics has significantly impacted the EV giant's business. Investors previously voiced worries that Musk's role in heading the Department of Government Efficiency to reduce government expenditures is taking his attention away from overseeing his businesses, such as Tesla, SpaceX, X, and xAI. However, Musk officially left DOGE on May 29. The Tesla CEO overlooked its customer base while catering to Trump's administration, US marketing professor Scott Galloway said in a podcast. 'He's alienated the wrong people,' he said. 'Three-quarters of Republicans would never consider buying an EV. So he's cozied up to the people who aren't interested in EVs," Galloway added. Notably, Trump repeatedly championed for 'drill baby drill', advocating to raise domestic oil and gas production, which raised concerns over demand for EV vehicles. Galloway also highlighted how Tesla's sales fell nearly 59% in France, 81% in Sweden, 74% in the Netherlands, 66% in Denmark, 50% in Switzerland and 33% in Portugal. Musk's recent involvement in the political affairs of various European countries, a key EV market, through his social media platform X, has affected Tesla sales region, CNN reported. Meanwhile, Chinese EV maker BYD surpassed Tesla sales in Europe for the first time in April, according to a report from Jato Dynamics. Tesla's profits dropped 71% by the end of April, Musk confirmed in an earnings call that he plans to reduce his involvement with DOGE from May onwards.
India Today
37 minutes ago
- India Today
UK's Shrewsbury School to open co-ed boarding campus in Bhopal by 2025
Shrewsbury School, one of the UK's most respected educational institutions, is opening its first Indian campus in Bhopal. The new co-educational boarding school will welcome students aged 11 to 18 and follow the Cambridge International are expected to begin in August 2025. Students will study for the IGCSE exams in Grades 9 and 10 and A Levels in Grades 11 and 12 -- both recognised by top universities across the WORLD-CLASS CAMPUS WITH A GLOBAL CURRICULUMSet on a sprawling 150-acre plot, the upcoming Shrewsbury School India will feature an extensive range of modern facilities. These include an academic block, pupil boarding houses, indoor sports complex, amphitheatre, aquatic centre, arts and performance spaces, medical and health services, administrative blocks, and multi-cuisine dining. The school will also provide accommodation for faculty and support staff, ensuring a fully residential experience. The goal is to combine British-style education with top-tier campus amenities, making it a strong choice for Indian families seeking international standards without going ON CHARACTER AND INDEPENDENT THINKINGWhile the school brings a prestigious curriculum, it also plans to bring Shrewsbury's core values to Indian soil. The emphasis will be on independent learning, critical thinking, and respect for community to the school's official statement, 'Pupils will be expected to adhere strictly to codes of behaviour, discipline, and self-discipline and be actively encouraged to engage in deep thinking and develop independent thought.'With rising demand for global education in India, the move positions Shrewsbury to cater to students looking for more than just academics—offering a holistic learning environment focused on both intellect and personal growth.
