Stock market today: BSE Sensex opens over 250 points up; Nifty50 above 22,550
Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Wednesday. While BSE Sensex was above 74,300, Nifty50 was above 22,550. At 9:19 AM, BSE Sensex was trading at 74,372.38, up 270 points or 0.36%. Nifty50 was at 22,556.25, up 58 points or 0.26%.
Indian markets demonstrated stability on Tuesday, contrasting with Asian market declines following sharp drops in Wall Street. Market experts anticipate that trends will align with global developments whilst remaining consolidated, given the lack of significant domestic catalysts.
“Going ahead, the ongoing global uncertainty stands out as a significant challenge, poised to shape the short-term trends in our domestic markets significantly. Alongside this, the release of upcoming inflation data garners careful attention as it plays a crucial role in the broader economic landscape,” said Osho Krishnan, Sr. Analyst, Technical & Derivatives of – Angel One.
US equities declined on Tuesday, extending recent significant losses, as concerns grew about global economic impacts from recent tariff proposals.
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Gold prices decreased on Wednesday following potential Ukraine ceasefire discussions. Investors await crucial US inflation data to understand Federal Reserve’s rate decisions amidst trade issues and growth concerns.
Asian equities traded narrowly after President Donald Trump minimised recession concerns, helping US markets recover late despite earlier fluctuations.
On Tuesday, foreign portfolio investors emerged as net sellers, offloading shares worth Rs 2,823 crore. Domestic institutional investors acquired shares valued at Rs 2,002 crore.
Foreign institutional investors’ net short position decreased from Rs 1.79 lakh crore on Monday to Rs 1.78 lakh crore on Tuesday.
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