Sensex and Nifty 50 are likely to start Friday on a weak note, as lingering concerns over higher US tariffs on Indian goods continue to dampen sentiment amid mixed overnight global cues.

Asian markets traded mixed, and US stocks also ended the session mixed overnight, with the Nasdaq hitting a record high.

However, on Thursday, the Indian market closed with modest gains, driven by late-session buying, even as worries over Trump’s tariffs and their economic impact persisted.

Domestic Market Recap

On Thursday, Indian indices closed in the green:

• Sensex gained by 79.27 points (0.10%) to close at 80,623.26
• Nifty 50 moved up by 21.95 points (0.09%) to settle at 24,596.15

Gift Nifty

Gift Nifty was trading near 24,651, around 22 points lower than the previous Nifty futures close, hinting at a muted start for Indian markets.

Wall Street Performance

• Dow Jones Industrial Average slumped by 224.48 points (0.51%) to close at 43,968.64.
• S&P 500 down by 5.06 points (0.08%), ending at 6,340.
• The Nasdaq Composite was trading higher by 73.27 points (.0.35%), finishing at 21,242.70.

Gold Prices

Gold prices hit a new high after reports emerged that the United States had imposed tariffs on imports of one-kilo gold bars.

• Spot gold was trading down by 0.2% at $3,389.37/oz 
• US gold futures gained by 1.6% at $3,509.10

Crude Oil Prices

• Brent crude gained by 0.05% to $66.46/barrel
• US West Texas Intermediate (WTI) crude was trading flat at $63.88/barrel

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