Nifty maintains positive short-term trajectory, though struggling at resistance levels. (AI image)
Stock market today
: BSE Sensex and Nifty50, the Indian equity benchmark indices, tanked after a positive start on Friday. While BSE Sensex went below 75,700, Nifty50 was below 22,850. At around 11:40 AM, BSE Sensex was trading at 75,668.82, down 470 points or 0.62%. Nifty50 was at 22,846.50, down 185 points or 0.80%.
On Thursday, stock markets demonstrated strength for the second straight day, despite late-session selling pressure. Market experts indicate optimism surrounding potential outcomes from discussions regarding US reciprocal tariffs.
Trading activity is expected to be influenced by the results of Modi-Trump discussions and final Q3 earnings reports due today.
Nifty maintains positive short-term trajectory, though struggling at resistance levels. Breaking above 23,250 could confirm trend reversal. Support exists at 22,800
US stock markets advanced Thursday following Trump’s announcement of a potential reciprocal tariff framework.
Also Read | Top stocks to buy today: Stock recommendations for February 14, 2025
Asian markets tracked higher Friday, responding favourably to potential delays in US reciprocal tariffs implementation.
Gold remained stable Friday, heading towards seventh weekly gain amid concerns over global trade tensions following Trump’s reciprocal tariff proposals.
FPIs registered net sales of Rs 2,790 crore Thursday, while DIIs purchased shares worth Rs 2,934 crore.
FII net short position decreased from Rs 1.86 lakh crore Wednesday to Rs 1.83 lakh crore Thursday.
