Stock market today: BSE Sensex plunges 91 points; Nifty50 settles near 23,520

Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, ended at a low on the last trading day of financial year 2024-25. While BSE Sensex settled at 77,414.92 marking a 0.25% drop, Nifty50 was around 23,519.35 signifying a 0.31% drop at Friday's closing.
The market's response to the revised US Q4 GDP data will be closely monitored. Market experts anticipated a period of consolidation with an optimistic outlook, whilst considering the ongoing US-India trade discussions and global market developments.
Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited said, “The market’s resilience, despite Trump’s reciprocal tariff threats, comes from the renewed buying by FIIs and the confidence this has given to the bulls. The bears are currently on the back foot and this market construct may continue unless Trump announces something very nasty. Apart from the tariffs the market will be looking forward to the April 9th monetary policy and after that the Q4 results. The US PCE inflation data expected today may give an indication of the inflation trend in the US. But more important than that would be the inflationary expectations from Trump tariffs. In this time of heightened uncertainty investors should remain calm and wait for the dust to settle down. FII buying will keep fairly valued largecaps resilient."
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US equities finished lower on Thursday, with investors responding to President Donald Trump's new trade tariff announcement, which negatively impacted General Motors and Ford shares.
Asian equities declined on Friday, following US market trends, as worries about 'reciprocal tariffs' and expanding trade conflicts overshadowed stronger-than-expected US economic growth data.
Gold reached unprecedented levels on Friday as anxieties regarding US President Donald Trump's new tariff proposals sparked concerns about international trade conflicts, prompting investors to seek refuge in the precious metal.
Foreign portfolio investors became net purchasers at Rs 2,240 crore on Thursday. Domestic institutional investors disposed of shares valued at Rs 696 crore.
FIIs' net short position decreased from Rs 90,604 crore on Wednesday to Rs 30,555 crore on Thursday.