Nifty, Sensex trade lower amid rising global bond market tensions

Indian stock markets opened lower on Thursday as global sentiment remained weak due to rising concerns over debt and deficit levels in the United StatesThe pressure in the bond markets worldwide has impacted investor mood as markets reacted to US President Donald Trumps debt financing and spending plans The Nifty 50 index opened at 2473395 down by 7950 points or 032 per cent Similarly the BSE Sensex started the day at 8132305 slipping by 27358 points or 034 per centMarket experts said that global markets are under pressure because bond markets across regions from the US to Japan and Europe are witnessing high volatilityThis 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 Trumps tax cuts and increased government spendingAjay 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 per cent 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 leadHe further said An auction of a US 20year Treasury was not met with as much enthusiasm as anticipated We think the structural issues in the US fiscal math 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 then what are being priced in by global markets at presentIn 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 per cent while Nifty FMCG slipped by 078 per cent Nifty Auto also declined by 067 per cent and Nifty Metal was marginally lower by 008 per centAmong 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 pressureOn the earnings front several major companies are scheduled to announce their quarterly results today for the fourth quarter of the financial year ended March 2025These include ITC Sun Pharmaceutical Industries Grasim Industries GMR Airports Container Corporation of India Metro Brands The Ramco Cements Emcure Pharmaceuticals Gujarat State Petronet Deepak Fertilisers and Petrochemicals Corporation Clean Science amp Technology and TBO TekAsian markets also mirrored the weak sentiment Japans Nikkei 225 index declined by 09 per cent Singapores Straits Times fell by 03 per cent Hong Kongs Hang Seng dropped 04 per cent and South Koreas KOSPI lost more than 13 per cent at the time of this reportThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoeveratOptionskeyd0ddb8ef8f1a62a8cdd22fac27fc5ea7formatiframeheight90width728params