By Admin 
Share market today: Today, the stock market has recorded a decline after a week’s rise amid mixed trend of global markets. The Indian benchmark index started the morning trading session on Friday at the red mark. The BSE Sensex fell 290 points or 0.35 percent to 81,709. While the Nifty was seen trading at 24,990 by slipping 50 93 points or 0.37 %.
Mixed trends were seen in broader market. Where the Nifty Midcap 100 index saw a slight lead of 0.06 percent. At the same time, the Nifty Smallcap index 100 declined by 0.24 percent. In the sectoral index, the Nifty Bank (-0.45 percent), Nifty IT (-0.27 percent) remained at the bottom. FMCG and metal stocks also saw a decline. However, most of the other index saw a slight edge.
The impact of American tariff on the market
VK Vijaykumar, the Chief Investment Strategist, Chief Investments of Geojit Investments Limited, says, the impact of the US tariff will be seen on the market, which will brake the boom of the last six days. However, largecap stocks are currently performing better. He further said, Nifty has gained 1 percent lead in the last one year, while during this time there has been a decline of 0.35 percent in Nifty Midcap 150 and 4.7 percent in Nifty Smallcap 250. This trend can continue even further. Midcap IT remains flexible at the moment.
The highest profit earning shares in the Nifty include Larsen & Toubro, Bharti Airtel, Bajaj Finance and Hindalco. While SBI Life Insurance recorded the highest decline of 1.24 percent. This was followed by Asian Paints, HCL Tech, ICICI Bank and Grasim.
Global market condition
Mixed business took place in the Asia-Pacific markets as investors are waiting for the speech of the US Federal Reserve Chairman, Jerome Powell, which may indicate the interest rate cuts. On Thursday, the US stock market closed on the red mark. Dav Jones declined by 0.34 percent, while Nasdaq recorded 0.34 percent and S&P 500 declined by 0.4 percent.
At the same time, the Shanghai and Shengen Index of China took a lead of 0.63 percent and 1.24 percent respectively. Japan’s Nikkei increased 0.01 percent. While Hong Kong’s Hangseng index 0.27 percent and South Korea’s Kospie 0.77 percent jumped. On Thursday, foreign institutional investors (FIIs) bought Indian shares worth Rs 1,247 crore after two days of selling, while domestic institutional investors (DIIs) continued their purchase with a purchase of Rs 2,546 crore.
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