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Sensex Nifty Today | Stock Market Live Updates: The stock market opened lower on Friday, March 7, with banking, financial services, and IT stocks leading the decline as early trading saw a weak start. Asian markets traded lower, taking cues from Wall Street’s decline. Japan’s Nikkei and Topix indices struggled, while South Korea’s Kospi and Kosdaq also saw losses. Meanwhile, Hong Kong’s Hang Seng and China’s Shanghai Composite faced selling pressure as trade worries and growth fears weighed on sentiment. With global markets in the red, Indian equities may follow suit at the opening bell.
Key things to watch out –
Dollar index: The dollar index held at 104 on Friday as investors awaited the crucial monthly jobs report. Earlier in the day, it slipped to 104 amid weaker-than-expected labour market data, ongoing trade tensions, and policy uncertainties. The US dollar has been under pressure as concerns grow over the economy, with rising doubts about trade stability. Market sentiment has also been shaken by Trump’s unpredictable policies, particularly his recent decision to delay tariffs on Mexican and Canadian automakers.
Trump’s tariff row: In a fresh twist to the ongoing tariff battle, US President Donald Trump has temporarily halted tariffs on imports from Canada and Mexico, easing market concerns amid rising trade tensions. The tariffs, which were introduced earlier in the week under the North American trade agreement and could go as high as 25%, had sparked fears of economic disruption.
Oil prices: Oil prices remained largely unchanged on Friday, yet they were on track for their steepest weekly decline since October. Uncertainty over US tariff policies has raised concerns about global demand growth, just as major oil producers prepare to ramp up output. Brent crude edged up by 0.19% to $69.59 per barrel, while U.S. West Texas Intermediate (WTI) gained 0.08% to reach $66.44. With trade tensions clouding the market sentiment, the energy sector will be in focus.
Live Updates 09:33 (IST) 7 Mar 2025 Share market today live updates: Nifty outlook
“While we raised our upside target steeply to 23,000 yesterday, we had also pencilled in the possibility of a challenge emerging as soon as we approach 22,513. Towards this end, we are less inclined to chase prices higher today and would rather wait for dips to 22,470-400 region before re attempting buys.
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