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**EDS: FILE IMAGE** Bengaluru: In this file image cricketer Virat

To say that Yoga is good for your health is

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**EDS: FILE IMAGE** Bengaluru: In this file image cricketer Virat Kohli reacts during the test cricket match between India and New Zealand at the M Chinnaswamy Stadium, in Bengaluru. Kohli

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**EDS: FILE IMAGE** Bengaluru: In this file image cricketer Virat Kohli attends a practice session at the M Chinnaswamy Stadium, in Bengaluru. Kohli on Monday announced his retirement from Test

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Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, rallied strongly in opening trade on India-Pakistan ceasefire and US-China trade deal progress.

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Stock market today: Nifty50 climbs above 24,600; BSE Sensex rallies over 1,900 points to cross 81,300

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Stock market today: Nifty50 climbs above 24,600; BSE Sensex rallies over 1,900 points to cross 81,300
Stock market today (AI image)

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, rallied strongly in opening trade on India-Pakistan ceasefire and US-China trade deal progress. Both indices rallied over 2% cheered by domestic stability and favourable global news.While Nifty50 went above 24,600, BSE Sensex crossed 81,300 mark. At 9:31 AM, Nifty50 was trading at 24,605.25, up 597 points or 2.49%. BSE Sensex was at 81,362.37, up 1,908 points or 2.40%.Indian equity markets closed lower in the previous week due to India-Pakistan tensions. However, the declaration of a ceasefire is likely to reduce investor concerns, with market experts predicting an optimistic new week.VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “The hallmark of FPI investment in recent days has been the sustained buying by FIIs. FIIs bought equity through the exchanges consecutively for 16 trading days ending 8th May for a cumulative amount of Rs 48533 crores. They sold for Rs 3798 crores on 9th May when the India-Pak conflict got escalated. Now that ceasefire has been declared, FIIs are likely to resume their equity purchases in India.It is important to understand that FIIs were continuous sellers in India in the first three months of this year. The big selling began in January ( Rs 78027 crores) when the dollar index peaked at 111 in mid January. Thereafter the intensity of selling declined. FIIs turned buyers in April with a buy figure of Rs 4243 crores. Global macros ( declining dollar, slowing US and Chinese economy) and domestic macros ( high GDP growth and declining inflation and interest rates) will facilitate increasing FII inflows into Indian equity, going forward. Debt inflows are declining and likely to remain very low.”Asian equities and US index futures advanced alongside a stronger dollar, following “substantial progress” in China-US trade negotiations, boosting risk appetite.Gold prices decreased on Monday as positive developments in US-China trade discussions reduced market uncertainty and lowered safe-haven demand.Oil prices strengthened on Monday following encouraging reports from US-China trade discussions, improving outlook for the world’s largest oil consumers.The dollar strengthened during early Asian trading on Monday, supported by progress in US-China trade talks and cooling global tensions.Foreign portfolio investors executed net sales amounting to Rs 3,798 crore during Friday’s trading session. In contrast, domestic institutional investors demonstrated positive sentiment with net purchases totalling Rs 7,278 crore.





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