India’s benchmark share market indices, Sensex and Nifty50, started the day’s trade in red on Thursday, May 22, 2025. The Sensex (30 firms index) tumbled 273.58 points to open at 81,323.05 on Thursday. Meanwhile, Nifty50 (index with top 50 firms) was also down 79.50 points to open at 24,733.95 points.
Indian share market opened lower on Thursday as global sentiment remained weak due to rising concerns over debt and deficit levels in the United States. The pressure in the bond markets worldwide has impacted investor mood, as markets reacted to US President Donald Trump’s debt financing and spending plans.
In the sectoral indices, Nifty Media was the only one to open in the green. All other sectors were in the red during early trade. Nifty IT was down more than 1%, while Nifty FMCG slipped by 0.78%. Nifty Auto also declined by 0.67%, and Nifty Metal was marginally lower by 0.08%.
Among the top gainers in the Nifty 50 during the opening session were Adani Ports, Adani Enterprises, Jio Financial Services, Tata Steel, and NTPC. On the losing side, Tech Mahindra, Power Grid, HCL Technologies, Trent, and Shriram Finance saw the most pressure. On the earnings front, several major companies are scheduled to announce their quarterly results today for the fourth quarter of the financial year ended March 2025.
Asian markets also mirrored the weak sentiment. Japan’s Nikkei 225 index declined by 0.9%, Singapore’s Straits Times fell by 0.3%, Hong Kong’s Hang Seng dropped 0.4%, and South Korea’s KOSPI lost more than 1.3%.
What Else For Share Market?
Market experts said that global markets are under pressure because bond markets across regions, from the US to Japan and Europe, are witnessing high volatility. This is being seen as a warning sign linked to growing worries around the US debt situation and fiscal deficit, particularly due to the impact of Trump’s tax cuts and increased government spending.
Ajay Bagga Banking and Market expert told ANI, “Bond markets from the US to Japan to Europe are throwing a tantrum as a warning. US markets had a 1% plus fall on the back of worries on the debt and deficit impact of the Trump tax cuts and spending plan. Asian markets are likewise following the US lead.”
He further said, “An auction of a US 20-year Treasury was not met with as much enthusiasm as anticipated. We think the structural issues in the US fiscal maths and debt burden remain, however, markets are edgy without giving time for developments to play out. We think a 10 per cent universal tariff, tax cuts and deregulation will create a strong environment for risk assets down the line. Trump has shown his sensitivity to market feedback, and we expect better outcomes than what are being priced in by global markets at present.”
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