Last Updated:
Indian stock markets opened higher on Wednesday, with the Sensex gaining 200 points
Stock Market Today
Sensex Today: Markets opened on a positive note today, supported by mixed trading across Asia and US President Donald Trump’s address to a joint session of Congress. The BSE Sensex was trading at 73,149, up by 159 points or 0.22%, while the Nifty50 stood at 22,118.50, gaining 36 points or 0.16%. In the broader market, the Nifty MidCap index rose by 0.39%, and the Nifty SmallCap index gained 0.63%, indicating overall positive sentiment across sectors.
Global Cues
Australian shares hit a 10-week low on Wednesday, led by a sharp sell-off in banking stocks, as markets panicked over the fallout of a trade war triggered by U.S. President Donald Trump’s fresh tariffs.
The S&P/ASX 200 index was trading 1.1% lower at 8,109.60 points as of 0156 GMT, its lowest since December 23, 2024. The benchmark has lost 6% since the all-time high scaled on February 14.
Hang Seng futures gained 0.5%, while Nikkei 225 futures (OSE) declined by 0.2%, and Japan’s Topix index remained largely unchanged. In contrast, Euro Stoxx 50 futures saw a notable rise, increasing by 1.4%.
Shares of US companies were under pressure after the latest escalation in Washington’s trade war, with new tariffs on Canada and Mexico expected to hit earnings in several sectors, including automobiles, aerospace, retail and housing.
Economically sensitive stocks such as airlines and banks led declines on Wall Street’s main indexes on Tuesday on the new tariffs. Monday, the benchmark S&P 500 suffered its worst day of this year after the U.S. tariffs were confirmed.
Oil prices fell for a third session on Wednesday as plans by major producers to raise output in April combined with concerns US tariffs on Canada, Mexico and China will slow economic and fuel demand growth hammered investor sentiment.
Brent futures eased 15 cents lower to $70.89 a barrel at 0200 GMT. In the previous session, the contract fell to as low as $69.75, its lowest since September 11, and settled at their lowest since that day as well.
