Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Tuesday following a strong rally the previous day. While Nifty50 was above 24,600, BSE Sensex was up over 200 points. At 9:16 AM, Nifty50 was trading at 24,683.50, up 58 points or 0.24%. BSE Sensex was at 80,570.67, up 206 points or 0.26%.Market experts indicate that whilst domestic economic indicators and consumer demand remain positive, the potential impact of 50% US tariffs and continued FII outflows might restrict market movement within a range.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “Global geopolitics and power equations are changing at a fast and furious pace. India-US relations have deteriorated and normalcy appears difficult in the near future. More actions from the unpredictable US administration are likely. The consequences on the Indian economy and markets cannot be ascertained now.” “Investors should wait and watch for developments to unfold. Meanwhile, investments can be focused on domestic consumption plays which are on sound footing. There are clear signs of the Indian economy bouncing back as reflected in the Q1 GDP numbers.”Asian equities showed subtle gains as trading began Tuesday, with focus returning to technology and AI sectors, following Alibaba Group Holding Ltd.’s share price increase.The US dollar showed modest recovery in early Asian trading, following recent declines, ahead of US markets reopening post-Labor Day holiday.Oil prices increased during early Asian trading on Tuesday, with growing supply disruption concerns amidst intensifying Russia-Ukraine conflict.Foreign portfolio investors offloaded shares valued at Rs 1,429 crore on Monday, whilst domestic institutional investors emerged as net purchasers, acquiring Rs 4,345 crore worth of shares.(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)
