Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Wednesday. While Nifty50 was above 24,550, BSE Sensex was up over 150 points. At 9:29 AM, Nifty50 was trading at 24,575.10, up 33 points or 0.13%. BSE Sensex was at 80,836.79, up 99 points or 0.12%.Market experts anticipate continued consolidation amidst weak global indicators, though strong domestic economic factors and potential RBI rate reduction may provide support.VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “The recent Nifty range of 24000-25000 is likely to persist in the near-term. In the medium-term a breakout above 25000 is a clear possibility rather than a breakdown below 24000. Unexpected developments, however, can alter the scenario. The strong fundamental factors that will support the market are India’s robust and improving macros and sustained flows into mutual funds, particularly the SIP inflows which are steady and growing. This reflects the coming of age of the Indian retail investor.”“An important takeaway from the Q4 results is the outperformance of the midcaps relative to largecaps and smallcaps. Since CPI inflation in India is benign the rate cutting cycle has more room to go with minimum two more rate cuts in 2025. Even though this will put the margins of the banks under some pressure the leading names in the sector, particularly the large private banks, are well placed to deliver 12 to 15% returns in one year.“US equity indices finished higher on Tuesday, supported by advances in Nvidia and semiconductor stocks. Investors remained watchful for potential trade discussions between the United States and trading partners regarding Washington’s tariff policies.Asian equities advanced at trading commencement following US employment data indicating resilience despite concerns regarding President Donald Trump’s trade disputes.Gold prices remained unchanged on Wednesday as uncertainties surrounding US-China trade discussions counterbalanced positive US employment figures that enhanced risk sentiment.Oil prices decreased slightly in early Asian trading on Wednesday, affected by shifting supply-demand dynamics following increased OPEC+ production and ongoing concerns regarding global economic conditions amidst trade tensions.Foreign portfolio investors sold shares worth Rs 2,853 crore on Tuesday. Domestic institutional investors purchased Rs 5908 crore.FIIs’ position in futures market increased from Rs 89,066 crore net short on Monday to Rs 1.04 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)
