Indian benchmark indices, Sensex and Nifty 50, are expected to open lower with a gap-down on April 7, taking cues from the GIFT Nifty, which was trading around 22,167.50 earlier this morning.
The sentiment is likely to remain subdued due to weak global cues, including fresh U.S. tariffs affecting over 180 countries and China's retaliatory 34% tariff on American imports. Additionally, ongoing foreign institutional investor (FII) selling and the commencement of the RBI’s Monetary Policy Committee (MPC) meeting today are expected to weigh on market performance.
On Friday, the 30-share benchmark index ended at 75364.69 down by -930.67 points or by -1.22 % and then NSE Nifty was at 22904.45 down by -345.65 points or by -1.49 %.
On the global front, Asian stock markets plunged on Monday as fears of a global trade war saw Wall Street futures dive, and investors wagered the mounting risk of recession could see U.S. interest rates cut as early as May.
Wall Street nosedived for a second straight day on Friday, confirming the Nasdaq Composite was in a bear market and the Dow Jones Industrial Average was in a correction, as an escalating global trade war spurred the biggest losses since the pandemic.
The Dow Jones Industrial Average, S&P 500 and the Nasdaq Composite posted their largest two-day declines since the emerging coronavirus caused global panic during U.S. President Donald Trump's first term. For Thursday and Friday, the Dow was down 9.3%, the S&P 500 10.5% and the Nasdaq 11.4%.
The Nasdaq slid on Friday 962.82 points, or 5.82%, to 15,587.79, confirming the tech-heavy index was in a bear market compared to its record closing high of 20,173.89 on December 16.
Meanwhile, the Dow Jones Industrial Average fell 2,231.07 points, or 5.50%, to 38,314.86 points, confirming a correction to its record closing high of 45,014.04 on December 4.
The S&P 500 lost 322.44 points, or 5.97%, to close at 5,074.08 points, its lowest finish in 11 months.
Back home, Top traded Volumes on NSE Nifty – Tata Steel Ltd. 80846143.00, Eternal Ltd. 48296676.00, Oil And Natural Gas Corporation Ltd. 38336194.00, Tata Motors Ltd. 26621179.00, Power Grid Corporation of India Ltd. 21020875.00,
On NSE, total number of shares traded was 377.33 Crore and total turnover stood at Rs. 103513.15 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 197819 with a total turnover of Rs. 32610.51 Crore. Along with this total number of contracts traded in stock futures were 1944604 with a total turnover of Rs. 112606.22 Crore. Total numbers of contracts for index options were 73348030 with a total turnover of Rs. 12611175.62 Crore. and total numbers of contracts for stock options were 8466082 with a total turnover of Rs. 520427.18 Crore.
The FIIs on 04/04/2025 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 9581.81 Crore and gross debt purchased stood at Rs. 477.42 Crore, while the gross equity sold stood at Rs. 12540.37 Crore and gross debt sold stood at Rs. 1649.98 Crore. Therefore, the net investment of equity and debt reported were Rs. -2958.56 Crore and Rs. -1172.56