Stock market today: Nifty50 opens below 24,750; BSE Sensex down over 100 points as Donald Trump's 25% tariff on India weighs on sentiment

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Friday as India braces for 25% tariff rate on its exports to the US. While Nifty50 went below 24,750, BSE Sensex was down over 100 points.

At 9:16 AM, Nifty50 was trading at 24,727.45, down 41 points or 0.17%. BSE Sensex was at 81,047.39, down 138 points or 0.17%.Market analysts indicate that Nifty's underlying short-term trend remains positive despite high volatility. Analysts suggest maintaining caution and adopting a hedged strategy due to expected market fluctuations. US President Donald Trump has signed an executive order announcing tariffs on 69 countries (including EU) which will be effective August 7, 2025.

India is also a part of the list. Trump's earlier deadline for reciprocal tariffs was August 1.US equities declined on Thursday as initial gains diminished following corporate earnings reports and economic data releases, with investors awaiting post-market results from Amazon and Apple.Asian equities dropped for six consecutive sessions, marking the longest downward trend in 2025, following President Donald Trump's tariff announcement, despite strong performance from large technology companies failing to boost overall market confidence.

Oil oprices remained stable on Friday, following a decline exceeding 1% in the previous trading session, as market participants evaluated the consequences of increased US tariffs potentially affecting economic activities and global fuel consumption growth.Foreign portfolio investors sold shares worth Rs 5,588 crore net on Thursday. Domestic institutional investors purchased Rs 6,373 crore net.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)