Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Tuesday. While Nifty50 was above 25,050, BSE Sensex was up around 50 points. At 9:18 AM, Nifty50 was trading at 25,093.00, up 15 points or 0.061%. BSE Sensex was at 81,845.54, up 55 points or 0.068%.Analysts indicate positive market sentiment, with expectations of sector-specific movements as Q2 results emerge, particularly in banking, IT, capital goods and consumption sectors.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “The ongoing mild rally in the market has the potential to gain momentum. The FII selling in India is slowly declining since the sharp appreciation in other markets has pushed up their valuations and the valuation differential between India and other markets has come down. Yesterday FII selling figure was only Rs 313 crores and this was totally eclipsed by the massive DII buying of Rs 5036 crores.”“The steady inflows into mutual funds, particularly the SIP inflows, is a strong support to the market. The combined effect of the Budget income tax cut, GST cuts and low interest rate regime can impart resilience to India’s GDP growth, and corporate earnings in FY27 can smartly pick up to about 15%. The market will start discounting this soon. Time for investors to turn positive. Since there is huge short position in the market any positive news can trigger short-covering, further aiding the rally.“US markets showed mixed results on Monday, with S&P 500 and Nasdaq achieving record closes, driven by AI-related deals despite the ongoing US government shutdown. The Dow Jones showed a slight decline.Japanese market showed positive movement for two consecutive sessions following the selection of a pro-stimulus leader.Crude oil prices remained flat on Tuesday, as the impact of OPEC+’s lower-than-expected production increase was offset by declining worldwide demand and concerns about excess supply.Gold prices reached unprecedented levels on Tuesday, continuing their upward trend for a third consecutive session, driven by US economic and political uncertainties alongside anticipated Federal Reserve interest rate reductions.Foreign portfolio investors sold shares worth Rs 313 crore net on Monday. In contrast, DIIs were net purchasers at Rs 5,036 crore.(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)
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