Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Wednesday. While Nifty50 was above 25,100, BSE Sensex was up around 100 points. At 9:19 AM, Nifty50 was trading at 25,128.85, up 25 points or 0.098%. BSE Sensex was at 82,480.46, up 89 points or 0.11%.Market experts anticipate continued consolidation with a positive outlook in the near term.VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “Market is likely to continue in the consolidation range with a slight upward bias. A clear breakout above Nifty 25100 level, and sustaining above this level, will need sustained large buying. This can happen on positive news regarding a US-China trade deal. Reports of both countries reaching an agreement to implement the Geneva consensus are positive. China is playing their ‘rare earth minerals card’ effectively. How this trade deal between the two global economic giants develops remains to be seen.” “In the near-term the market will respond to news regarding the trade negotiations. If there is a clear agreement the market will respond positively and there is a high probability of Nifty breaking above 25100 and remaining above this level. Liquidity will support a mild rally. But a strong rally needs earnings support. There are no indications yet about a strong recovery in earnings. This will cap any short-term rally in the market.“American stock indices finished positively on Tuesday, with Tesla leading the gains as investors showed optimism regarding US-China trade negotiations aimed at resolving tariff disputes that affected global markets throughout the year.Asian equities are poised to track US market gains as trade talks between the US and China progress positively, according to Commerce Secretary Howard Lutnick who stated they were “going really, really well.”The dollar remained stable against primary currencies on Wednesday, following US-China agreement on a trade framework, raising hopes for resolution of trade disputes between the world’s largest economies.Gold prices increased on Wednesday, benefiting from a weaker dollar and uncertainties surrounding US-China trade deal completion, whilst traders await crucial US inflation figures for market guidance.Oil prices declined in early Wednesday trading as participants evaluated US-China trade discussions pending President Trump’s review, with Chinese demand weakness and OPEC+ output increases affecting market sentiment.FPIs purchased shares worth Rs 2,302 crore net on Tuesday. DIIs recorded net purchases of Rs 1113 crore.FII net short positions in futures decreased from Rs 95,872 crore on Monday to Rs 93,024 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)
