India's benchmark share market indices, Sensex and Nifty50, started the day's trade in red on Friday, May 30, 2025. The Sensex (30 firms index) tumbled 167.33 points to open at 81,465.69 on Friday. Meanwhile, Nifty50 (index with top 50 firms) was also down 21 points to open at 24,812.60 points.
Indian share markets were influenced by the global concerns once again pressured investor sentiment. The recent decision by the US Federal Appeals Court to allow the Trump administration to continue with its tariff policy till a higher court decides has impacted market mood across the globe. Investors are now awaiting further clarity from higher courts, which will take a final call on the legal challenges against these tariffs.
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The weakness in the Indian markets mirrors the overall negative trend in major Asian indices, and analysts believe the sentiment will remain cautious until there is clarity on the tariff situation.
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On the sectoral front, pressure was seen across all major NSE sectoral indices, except the Nifty PSU Bank index, which opened in green. The highest selling was seen in Nifty IT, which declined by 0.9%. Other sectors like Nifty Pharma, Nifty Metal, and Nifty FMCG also remained in the red, although the losses were limited and the indices stayed mostly flat.
Broader market indices presented a mixed picture. While Nifty Small Cap and Nifty Midcap indices were trading in the green, the Nifty 100 also opened in red, mirroring the cautious tone of the benchmarks.
Global markets also showed signs of stress. Japan's Nikkei 225 was down over 1.4%, Hong Kong's Hang Seng declined by 1.47%, and South Korea's KOSPI index dropped by 0.61%. Almost all major Asian markets were in negative territory, largely reacting to the same tariff-related concerns and uncertain global economic outlook.
What Else For Share Market?
Ajay Bagga, Banking and Market Expert, told ANI, "US markets gave up gains and Asian markets are down this morning on the back of this uncertainty. Indian markets saw volatility reducing despite it being an expiry day. Stronger inflows, expectations of a good India GDP number later this evening and resilient domestic flows are making the outlook for the Indian markets optimistic, though the US policy chaos is an overhang on all risk markets for now. Hopefully, clarity will emerge by July on the tariff front and markets will start positioning for that in June itself."
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