Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Monday. While Nifty50 was above 24,500, BSE Sensex was up over 300 points. At 9:22 AM, Nifty50 was at 24,518.50, up 92 points or 0.38%. BSE Sensex was at 80,113.43, up 304 points or 0.38%.Market experts recommend a prudent and balanced strategy as a week of significant macroeconomic developments approaches.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “Global geopolitics is transforming fast in response to Trump’s tantrums. The coming together of China, India and Russia can have profound consequences on global power equations and thereby on global trade. This will have its impact on the stock market too.” “There are two developments, one global and the other domestic, that can weigh on markets. The US court ruling that Trump’s tariffs are illegal is a big development and the US Supreme Court’s final verdict on the issue will have to be awaited. Domestically, India’s Q1 GDP growth number at 7.8% came much better than expected. It appears that the fiscal stimulus provided in the Budget and monetary stimulus provided by the MPC are acting with a lag. The proposed GST reforms can accelerate growth in the coming quarters. This, along with the huge liquidity coming into mutual funds will continue to support the market.”The S&P 500 retreated from its peak on Friday, affected by decreases in AI-related stocks including Dell and Nvidia, as investors assessed inflation data showing tariff impacts. Meanwhile, Alibaba’s US-listed shares increased following positive cloud computing business results.Asian stocks began negatively following Friday’s technology sector decline on Wall Street, particularly affecting semiconductor shares.Oil prices remained confined within narrow bounds on Monday, as concerns over increased production and US tariff effects on demand counterbalanced supply disruptions caused by escalated Russia-Ukraine aerial combat.The US dollar showed minimal movement on Monday whilst markets awaited multiple US employment reports this week, which could influence the Federal Reserve’s anticipated interest rate reduction this month.FPIs recorded net sales of Rs 8,312 crore on Friday, whilst DIIs showed net purchases of Rs 11,487 crore.(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)
