Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, rose in opening trade on Thursday. While BSE Sensex rallied over 400 points, Nifty50 crossed the 23,000 mark. At 9:18 AM, BSE Sensex was trading at 75,829.02, up 380 points or 0.50%. Nifty50 was at 23,020.30, up 113 points or 0.49%.
Stock markets continued their upward trend for the third consecutive session on Wednesday. The weakening US dollar index contributed to market gains. Analysts anticipate further market recovery, supported by positive FII sentiment and sustained domestic investments.
Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services says, “The Fed holding the rates and projecting lower growth at 1.7% and higher inflation at 2.8% for 2025 are on expected lines. More significant is the Fed chief’s comment that policy can move either way depending on the evolving outlook. The evolving outlook is highly uncertain thanks to Trump’s tariff tantrums.In the Indian market two trends are significant. One, domestic consumption themes are finding favour. Four stocks that hit 52-week highs during the last 2 days – Kotak Bank, Bajaj Finance, Interglobe Aviation and Muthoot Finance- are domestic consumption themes. External-oriented IT is weak. Two, beaten down themes like defence/shipping are finding favour. Consumer-facing digital stocks also are on strong wicket. This trend may continue. Broadly, the market will be on a wait and watch mode till April 2nd when reciprocal tariffs will be declared.”
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US equities advanced on Wednesday following the Federal Reserve’s decision to maintain current rates. Markets continue to assess the impact of President Trump’s tariff policies on economic growth and inflation.
Asian equities strengthened, following Wall Street’s rally after the Federal Reserve indicated potential rate cuts later this year to support growth, noting that tariff-induced inflation would be temporary.
Gold reached a record level on Thursday after the Federal Reserve’s indication of potential interest rate reduction by 50 basis points before year-end, enhancing the precious metal’s attractiveness amidst current geopolitical tensions and economic uncertainties.
FPIs registered net sales of Rs 1,096 crore on Wednesday, whilst domestic institutional investors acquired shares valued at Rs 2141 crore.
FIIs’ net short position decreased to Rs 1.28 lakh crore on Wednesday from Rs 1.41 lakh crore on Tuesday.
