Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Monday. While Nifty50 was near 25,600, BSE Sensex was down 100 points. At 9:17 AM, Nifty50 was trading at 25,620.25, down 18 points or 0.068%. BSE Sensex was at 83,958.57, down 100 points or 0.12%.The market trajectory will remain influenced by global factors. Despite improved outlook, wariness continues regarding potential tariff increases, with US tariffs set to resume from July 9, whilst developments in trade negotiations remain crucial.VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “With S&P 500 and Nasdaq setting new record highs and most other markets in bullish mode, the market construct looks positive. Decline in geopolitical tensions in West Asia, the sharp pull back of Brent crude to $67 and reports of positive developments on the trade front with possibilities of trade deals between US and China and US and some major trade partners augur well for equity markets. Significant contributors to the rally in India in recent days have been largecaps like HDFC Bank, ICICI Bank, RIL and L&T which have seen accumulation by institutions. Weakness in the dollar index continues to support FII inflows and retail optimism continues to support flows into domestic funds.”“It makes sense to remain invested in this bull market but making fresh investments at elevated valuations would be risky.”US markets advanced on Friday, with the S&P 500 and Nasdaq reaching new highs, driven by trade optimism and anticipated Federal Reserve rate reductions. Asian equities advanced alongside futures, bolstered by US market records and trade talk progress.Gold prices dropped to their lowest point in over a month on Monday, as improving trade relations between the US and China reduced the appeal of safe-haven assets, leading investors towards higher-risk investments.Oil prices declined 1% on Monday, influenced by reduced geopolitical tensions in the Middle East and anticipated OPEC+ production increase in August, indicating improved Foreign portfolio investors purchased shares worth Rs 1,397 crore net on Friday, whilst DIIs sold shares worth Rs 589 crore net.FIIs’ position in futures market decreased from a net short of Rs 34,967 crore on Thursday to Rs 33,518 crore on Friday.(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)
