Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, opened in green on Thursday after a sharp decline in the last two trading sessions. While Nifty50 was above 24,500, BSE Sensex was up over 100 points. At 9:16 AM, Nifty50 was trading at 24,546.15, up 45 points or 0.18%. BSE Sensex was at 80,211.01, up 130 points or 0.16%.Market experts indicate that supportive measures including GST reforms, import duty adjustments and the ‘Swadeshi’ initiative are anticipated to provide stability to domestic markets despite international trade challenges.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “A significant takeaway from the market trend yesterday is that despite the big buying of Rs 6920 crores by DIIs, overwhelming the FII selling of Rs 3856 crores, Nifty drifted down by 211 points. The reason for this important market trend is the increasing short build up by the FIIs. The negative sentiments in the market triggered by the 50% Trump tariff and the high valuations in India has encouraged the FIIs to increase their short positions. September series historically has been known for big moves. A quick decision on the tariff policy can lead to reversal of sentiments and short covering. We don’t know whether this will happen. “The policy initiatives in India – the fiscal stimulus through the Budget, monetary stimulus through rate cuts and the coming GST rationalisation- should revive economic growth and corporate earnings in India in the coming quarters. That is when we will have a fundamentally supported rally in the market. Investors can utilise the dips in the market to buy fairly-valued stocks and wait patiently in anticipation of the rally.“Thursday saw record-breaking closes for the S&P 500 and Dow Jones Industrial Average after Nvidia’s quarterly results, whilst below elevated expectations, confirmed robust AI infrastructure spending.Asian stocks opened cautiously following US markets’ new peak, supported by data highlighting economic robustness ahead of Friday’s Federal Reserve preferred price indicator.Gold prices remained steady on Friday, trading close to their peak levels seen in over a month, supported by a weaker dollar and heightened anticipation of a US Federal Reserve interest rate reduction in September, boosting the precious metal’s appeal.(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)
