FPJ News Service MUMBAI

Despite encouraging monthly Indian macroeconomic data such as lower retail inflation and industrial production, investors remained cautions over persistent uncertainties surrounding global trade and the fear of a US recession. The market capitalisation of BSE-listed firms slipped by over Rs 1.4 lakh crore to Rs 3,92,84,618.08 crore. 

The 30-share BSE Sensex fell 72.56 points to close at 74,029.76. The NSE Nifty slipped 27.40 points to end at 22,470.50. Shares of Reliance Industries and Bharti Airtel began the trade on a positive note on Wednesday after the two firms announced their partnerships with SpaceX. Howver, both closed on a mixed note on the BSE after the two firms announced their partnerships with SpaceX.  

According to Vinod Nair, Head of Research, Geojit, persistent uncertainties surrounding global trade and the fear of a US recession continue to influence the domestic market’s momentum. Dr. V K Vijayakumar, Chief Investment Strategist, at Geojit Financial Services said, “Investors should keep in mind two important features of the near-term trend in markets. 

“Globally, the markets are weak and jittery on concerns arising from the tariff policy uncertainties. This is likely to linger and may even get worse as reciprocal tariffs kick in from early April. However, Indian equity market is showing some resilience. Investors should understand that valuations are attractive in many segments and the risk-reward is favourable if investors have a long-term time horizon of three years.”