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Indian stock markets are expected to take cues from fourth-quarter earnings, tariff-related updates, and key global macroeconomic data
Stock Market Updates
Sensex Today: Indian equity markets opened on a subdued note on April 16, mirroring weak global sentiment. The benchmark Sensex slipped 119.60 points, or 0.16 percent, to 76,615.29 in early trade, while the Nifty50 declined 36.35 points, or 0.16 percent, to 23,292.20. Market breadth was mixed, with 809 stocks advancing, 431 declining, and 97 remaining unchanged on the BSE.
Investors appeared cautious amid rising global uncertainties and profit-booking after the recent rally. Despite the tepid start, select stocks managed to outperform. Among the top Nifty gainers were Shriram Finance, IndusInd Bank, Apollo Hospitals, Kotak Mahindra Bank, and Axis Bank — mostly from the banking and financial space.
On the flip side, IT and auto stocks saw selling pressure. Infosys, Maruti Suzuki, Tech Mahindra, Tata Consumer Products, and Cipla were among the top laggards on the Nifty, dragging the index lower.
Global cues remained a key overhang, with investors watching developments around US tariffs, geopolitical tensions, and upcoming macroeconomic data. The market’s near-term trajectory is expected to hinge on corporate earnings announcements and signals from global peers. Traders may also remain cautious ahead of quarterly numbers from heavyweights like Wipro, scheduled later today.
Global Cues
Overnight, US markets ended lower. The Dow Jones slipped 0.38% to close at 40,368.96, the S&P 500 declined 0.17% to 5,396.63, and the Nasdaq Composite dipped 0.05% to 16,823.17. Futures were also under pressure, with Dow Jones futures down 0.5%, S&P 500 futures lower by 0.9%, and Nasdaq 100 futures off by 1.5%.
Asian markets opened mostly in the red. Japan’s Nikkei 225 was down 0.33%, South Korea’s Kospi fell 0.29%, and Hong Kong’s Hang Seng declined 1.01%. Meanwhile, China’s CSI 300 dropped 0.87%. Australia’s S&P/ASX 200 was the lone gainer, up 0.17%.
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