Stock market today: BSE Sensex opens over 100 points up; Nifty50 above 22,850 – The Times of India
Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Wednesday. While BSE Sensex was above 75,300, Nifty50 was above 22,850. At 9:18 AM, BSE Sensex was trading at 75,356.88, up 56 points or 0.074%. Nifty50 was at 22,861.55, up 27 points or 0.12%.
Indian stock markets rallied strongly on Tuesday, with the uptick aligned with positive global market trends. Investors await the US Federal Reserve’s economic projections and statements for future direction.
Market experts anticipate continued recovery in the short term, supported by favourable global indicators and opportunistic buying at reduced price points.
Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services said, “The big question in investors’ minds is: will the market rally continue? The positive domestic macros favour continuation of the rally. If FIIs continue to buy, the rally can sustain, but it remains to be seen. The external factors continue to be negative and hugely uncertain. April 2nd and reciprocal tariffs are not far away. The market will be weighed down by the uncertainty on that front. A significant feature of yesterday’s rally is that it was led by fairly-valued, domestic-focused segments like leading financials. This trend can continue. Beaten down stocks in the mid and smallcap segments also have bounced back. There is more steam left in this segment, too, even though the valuations in the broader market continue to be high. Investors can wait for better clarity to emerge on the sustainability of the ongoing trend. Domestic-focussed themes continue to be safe bets.”
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US equities declined on Tuesday, ending two days of gains. Investors remained cautious before the Federal Reserve’s monetary policy announcement and assessed potential effects of President Trump’s trade policies.
Asian markets showed resilience despite US market declines, where significant selling of major technology shares indicated reduced risk appetite for US assets. Gold reached new historic highs.
Crude oil prices decreased on Wednesday following Russia’s acceptance of the US President Donald Trump’s suggestion for a temporary halt in mutual energy infrastructure attacks between Moscow and Kyiv, potentially increasing Russian oil availability in global markets.
Foreign portfolio investors shifted to net purchases of Rs 694 crore on Tuesday. Domestic institutional investors acquired shares valued at Rs 2,535 crore.
FIIs’ net short position decreased from Rs 1.71 lakh crore on Monday to Rs 1.41 lakh crore on Tuesday.
