Sensex, Nifty Give Up Early Gains

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(RTTNews) - Indian shares erased early gains to end on a flat note Thursday due to prevailing uncertainty over U.S. President Donald Trump's plans for reciprocal tariffs and amid the weekly F&O expiry.

Trump could sign his reciprocal tariff plan that will match other countries' higher import taxes sometime later today. The new U.S. tariff rates would take effect "almost immediately".

It is feared that the new duties aimed at reshaping the U.S. trade policy may lead to a prolonged trade war and potential inflationary pressures.

Markets opened on an upbeat note earlier as signs of a slowing economy towards the end of 2024 and falling retail inflation reinforced the views that the Reserve Bank of India (RBI) will continue to loosen its monetary policy in coming months.

Sentiment was also aided by falling oil prices after Trump said the U.S. and Russia will immediately begin negotiations toward ending the Ukraine conflict.

The benchmark 30-share BSE Sensex hit an intraday high of 76,764.53 before giving up all gains to end the session down 32.11 points, or 0.04 percent, at 76,138.97.

The Sensex ended lower for a seventh day running, marking its longest decline since November.

The broader NSE Nifty index ended down 13.85 points, or 0.06 percent, at 23,031.40, after having surged to a high of 23,235.50 earlier.

The BSE mid-cap index edged up marginally while the small-cap index slipped 0.4 percent.

The market breadth was negative on the BSE, with 2,092 shares declining while 1,851 shares advanced and 131 shares ended unchanged.

Adani Group stocks faced selling pressure, with Adani Enterprises and Adani Ports falling 4.9 percent and 1.9 percent, respectively.

Larsen & Toubro, Infosys and Hero MotoCorp all fell over 1 percent while Cipla, Bajaj Finance, Bajaj FinServ, Sun Pharma and Tata Steel rallied 2-3 percent.

Indonesia Stock Market Poised To Open To The Upside

The Indonesia stock market bounced higher again on Tuesday, one day after ending the three-day winning streak in which it had climbed more than 120 points or 1.7 percent. more than 120 points or 1.7 percent along the way. The Jakarta Composite Index now rests just beneath the 7,200-point plateau and it may extend its gains on Wednesday.

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Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Wednesday, extending the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 38,000 mark, with gains across most sectors led by index heavyweights and technology stocks.

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Higher Open Called For Hong Kong Stock Market

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had rallied almost 500 points or 2.2 percent. The Hang Seng Index now sits just above the 23,380-point plateau and it has a solid lead again for Wednesday's trade.

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China Stock Market Due For Support On Wednesday

The China stock market has finished lower in four straight sessions, surrendering almost 50 points or 1.5 percent along the way. The Shanghai Composite Index now sits just above the 3,340-point plateau although it may stop the bleeding on Wednesday.

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Australian Market Notably Higher

Australian shares are trading notably higher on Wednesday, extending the gains in the previous three sessions, with the benchmark S&P/ASX 200 moving to near the 8,450 level, following the broadly positive cues from Wall Street overnight, with gains in energy and technology stocks and a mixed performance in mining and financial stocks.

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Taiwan Shares Due For Support On Wednesday

The Taiwan stock market has finished lower in four straight sessions, dropping more than 460 points or 2.2 percent in that span. The Taiwan Stock Exchange now sits just above the 21,330-point plateau, although it's likely to see bargain hunting on Wednesday.

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Singapore Bourse May Reclaim 3,900-Point Level

The Singapore stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had risen just 6 points or 0.15 percent. The Straits Times Index now sits just shy of the 3,900-point plateau and it's expected to open higher again on Wednesday.

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Malaysia Stock Market Tipped To Open In The Green

The Malaysia stock market has moved lower in back-to-back sessions, slipping almost 10 points or 0.7 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau although it's due for support on Wednesday.

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EURUSD	1.13233	GBPUSD	1.34987	AUDUSD	0.64379
USDJPY	144.245	USDCAD	1.38194	USDCHF	0.82739

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Sensex, Nifty Give Up Early Gains