Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Tuesday. While Nifty50 was above 25,500, BSE Sensex was marginally up. At 9:16 AM, Nifty50 was trading at 25,525.55, up 9 points or 0.033%. BSE Sensex was at 83,636.03, up 30 points or 0.035%.Market participants are awaiting commentary from the US Federal Reserve Chairperson for directional guidance.VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “With the mother market US setting new record highs, the global equity market mood is positive. West Asian geopolitics is no longer a threat to global economy or markets. Strong macros of the Indian economy can facilitate increasing fund flows into Indian equity. Sustained weakness in the dollar ( dollar index now at 96.81) means the possibility of heavy selling by FIIs is low. They might even continue to buy despite high valuations. Going forward, the market is likely to be influenced by developments on the tariff front. An India-US trade deal will be positive and if it does not happen the market is likely to be impacted. The main market concern continues to be the poor earnings growth. There are no clear indications yet of strong recovery in earnings growth. Auto stocks will respond to today’s auto sales numbers.”US equity markets achieved record closings, with the S&P 500 and Nasdaq marking their strongest quarter in more than a year, supported by optimistic trade outlook and anticipated interest rate reductions.Asian markets displayed mixed sentiment, with Japanese stocks declining amid ongoing concerns regarding President Donald Trump’s trade policies.Gold prices increased on Tuesday, backed by a declining US dollar, whilst investors waited for employment data later in the week to evaluate the Federal Reserve’s possible interest rate reduction path, following renewed demands from the US President Donald Trump for rate cuts.Oil prices decreased on Tuesday, affected by anticipated OPEC+ production increases in August and worries about economic deceleration due to possible higher U.S. tariff implementations.(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)
