On Friday, the Indian equity markets opened brightly, ending a multi-day losing streak. The two major indices, Nifty50 and the BSE Sensex, were in the green during early transactions, as selective buying supported them despite the existence of global and domestic issues that were still concerning.

Nifty50 had grown up to 25,922.45 by the time it was approximately 9:17 am, which was an increase of 46 points or 0.18%. BSE Sensex also went up by 147 points, or 0.17%, thus crossing the level of 84,327.52.

Near-term outlook remains cautious

To be sure, those buying and selling in the market remain careful and think that there will still be pressure in the short term. They list possible tariffs from the Trump administration, troubled international relations and poor global market performance as the main reasons for their worries.

VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, commented that the market’s attention has now been diverted to the important ruling which is awaited from the US Supreme Court regarding the legality of tariffs imposed during the Trump administration.
“After the sharp correction triggered by fears of steep tariffs under the Russia Sanctioning Act, the verdict today could be crucial. If the Supreme Court declares the tariffs illegal, Indian markets—among the worst hit—could see a rally,” he said, adding that the extent of the ruling will determine the market reaction.

Vijayakumar also noted that the recent sell-off has impacted even those sectors unlikely to be directly affected by tariff measures. He believes the correction has opened long-term opportunities in segments such as financials, consumer discretionary and industrials.

Global cues mixed

Overnight, US markets ended mixed, with technology stocks, including Nvidia, facing selling pressure, while defence stocks advanced after President Donald Trump called for a significantly higher $1.5 trillion military budget.

Asian markets opened marginally higher on Friday, recovering after two days of losses, as investors positioned themselves ahead of the US non-farm payrolls data and awaited clarity on the Supreme Court’s stance on tariff policies.

Investor flows

Foreign portfolio investors kept on cutting their investments and disposed of equities for a total of ₹3,367 crores on Thursday, per the preliminary figures. On the other hand, domestic institutional investors supported the market to some extent by purchasing stocks worth ₹3,701 crores.

In conclusion, even though the indices have started in the positive territory, the analysts recommend to be careful as the global events and financial policies are still changing the mood of the market.