Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, surged in opening trade on Thursday. While BSE Sensex went above the 74,000 mark, Nifty50 was near 22,450. At 9:18 AM, BSE Sensex was trading at 74,068.32, up 338 points or 0.46%. Nifty50 was at 22,447.55, up 110 points or 0.49%.
The Nifty index showed significant recovery, ending its 10-day downward trend on Wednesday. This upturn was attributed to positive performance in Asian markets and strategic buying at reduced prices in Indian exchanges. Market experts indicate that sustained recovery will depend on developments regarding US tariff policies and continued interest in domestic equities.
Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services says, “We are in a highly uncertain and volatile situation for global trade, global economy and markets. The end game of Trump’s tariff policy is unclear. The dollar index declining to 104.3 is positive for emerging markets like India. If this trend persists the FII selling will soon stop paving the way for a market rally.RBI’s decision to infuse Rs 1.9 trillion liquidity into the banking system is good news for banks and NBFCs. Decline in Brent crude to below $70 is another macro positive for India which markets will discount positively.”
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US stock indices demonstrated positive performance in volatile trading on Wednesday, with investors responding favourably to potential reduction in trade tensions between the United States and key trading partners. The Dow advanced 1.14%, whilst the S&P 500 gained 1.12% and the Nasdaq rose 1.46%.
Japanese bond yields reached decade-high levels on Thursday following widespread fixed income market selling, initially triggered in German bunds. Asian equities received support from the postponement of certain US tariffs on Mexican and Canadian goods.
Gold prices remained steady on Thursday, with investors awaiting US non-farm payrolls data to evaluate the Federal Reserve’s interest rate decisions amidst increasing trade disputes between the US and its trading partners.
Foreign portfolio investors registered net sales of Rs 2,895 crore on Wednesday, whilst domestic institutional investors purchased shares worth Rs 3,371 crore.
Foreign institutional investors’ net short position decreased from Rs 1.87 lakh crore on Tuesday to Rs 1.84 lakh crore on Wednesday.
