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Benchmark equity indices, BSE Sensex and Nifty50, started the week on a flat note on Monday, reflecting mixed global cues
Stock Market Today
Sensex Today: Benchmark equity indices BSE Sensex and Nifty50 are trading lower on Monday, amid mixed global cues.
At 11 AM, the BSE Sensex was down by 517.10 points, or 0.66 per cent, at 77,343.09, while the Nifty50 stood at 23,396.25, lower by 163.70 points, or 0.69 per cent.
Following the RBI MPC’s 25 basis points repo rate cut last week and the Bharatiya Janata Party’s victory in the Delhi Assembly elections over the weekend, investors are now focused on third-quarter earnings from Indian companies, as well as the potential tariffs being considered by U.S. President Donald Trump.
Global Cues
Asian shares declined, and the dollar edged higher on Monday following U.S. President Donald Trump’s renewed warnings of imminent tariffs, including on steel and aluminum. This inflationary move could limit the potential for future rate cuts.
Trump, speaking to reporters on Air Force One, stated that he would announce a 25% tariff on all steel and aluminum imports into the U.S. on Monday, with additional reciprocal tariffs expected to be revealed on Tuesday or Wednesday.
Oil prices rose slightly on Monday, as investors weighed the impact of Trump’s latest tariff threat, which could dampen global economic growth and energy demand.
Brent crude futures increased by 40 cents, or 0.5%, to $75.06 a barrel by 0133 GMT, while U.S. West Texas Intermediate crude was up 38 cents, or 0.5%, at $71.38 a barrel. Despite this rise, the market recorded its third consecutive weekly decline last week due to concerns over a potential global trade war.
