Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Wednesday following global cues. While Nifty50 was above 25,100, BSE Sensex was up over 300 points. At 9:16 AM, Nifty50 was trading at 25,126.60, up 82 points or 0.33%. BSE Sensex was at 82,352.51, up 297 points or 0.36%.Markets are anticipated to maintain stability, supported by decreasing geopolitical tensions and favourable domestic indicators.VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “A significant feature of the recent market trend has been its resilience despite major challenges like the West Asian crisis. Even during the short India-Pak conflict the market has been resilient. A significant contributor to this resilience has been FII buying during the crisis. Interestingly FIIs have been selling, like yesterday, after the crisis blows over. On the other hand DIIs have been sustained buyers in the market, thanks to the continuing inflows into mutual funds. This will impart resilience to the market even when FIIs sell on valuation concerns.” “The latest commentary from the Fed chief Jerome Powell indicates that there are risks to inflation from the uncertainty over tariffs and, therefore, rate cuts are likely only towards the end of the year. The main challenge for investors now is to find stocks with the right growth-value mix since growth stocks are highly valued. For long-term investors stocks in segments like the capital market, domestic consumption like aviation, telecom and premium consumption like hotels, automobiles and jewellery hold promise.“US equities gained over 1% on Tuesday as investors responded positively to the tentative Israel-Iran peace and analysed Federal Reserve Chair Jerome Powell’s congressional statements for monetary policy direction.Asian equities opened cautiously as the Israel-Iran ceasefire held steady and Fed Chair Powell delivered balanced remarks about potential rate reductions.Oil prices showed a slight increase on Wednesday, recovering from sharp declines in the previous two sessions, as market participants evaluated the durability of the Iran-Israel ceasefire agreement.Gold prices remained stable on Wednesday despite reduced safe-haven appeal due to the temporary peace between Iran and Israel. The weakened dollar position and value buying following the previous session’s decline provided support to the precious metal.Foreign portfolio investors sold shares worth Rs 5,266 crore on Tuesday, whilst domestic institutional investors purchased shares worth Rs 5,209 crore.FIIs’ position in the futures market increased from a net short of Rs 1.02 crore on Monday to Rs 1.09 lakh crore on Tuesday.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
