Stock Market Today: The Indian stock market is expected to have a weak start today, 9 May 2025. This follows a sharp drop in Gift Nifty and rising tensions between India and Pakistan. Gift Nifty is currently at 23,976, nearly 295 points lower than the previous Nifty futures close, signaling a gap-down opening.
On Thursday, both Sensex and Nifty 50 ended lower as market participants reacted to reports of Indian forces targeting air defence systems in Pakistan. Sensex dropped by 412 points to 80,334.81, while Nifty 50 closed 140.6 points lower at 24,273.80.
Ajit Mishra from Religare Broking said that ongoing uncertainty and high volatility, shown by the elevated India VIX, are making traders cautious. He advised investors to follow a hedged approach and focus on selecting the right stocks.
In the global market, US stocks performed well. The Dow Jones rose by 254 points, the S\&P 500 increased by 32.66 points, and the Nasdaq gained 189.98 points. This was mainly due to a new trade deal between the US and the UK, which provided market support.
In Asia, markets showed mixed trends. Japan’s Nikkei 225 and South Korea’s Kospi rose, while Hong Kong’s Hang Seng signaled a weak opening.
Meanwhile, tensions between India and Pakistan have intensified. Drone and missile attacks were reported at Indian military bases, and India responded by shooting down drones and using defensive strategies.
Other key updates include a drop in US jobless claims, a surprise interest rate cut by the Bank of England, a slight increase in gold and crude oil prices, and a stronger US dollar against major global currencies.
Geopolitical concerns and mixed global cues are likely to keep the Indian markets volatile. Investors are advised to stay cautious and consult certified experts before making any investment decisions.
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