Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Wednesday. While Nifty50 was below 25,200, BSE Sensex was down around 100 points. At 9:21 AM, Nifty50 was trading at 25,161.50, down 34 points or 0.14%. BSE Sensex was at 82,475.27, down 96 points or 0.12%.Market analysts anticipate continued consolidation in the short term, with individual stock movements influenced by first quarter FY26 earnings results and management forecasts.VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “The market has been oscillating in a narrow range during the last two months. A breakout above the upper band of the range, well beyond Nifty 25500, needs positive triggers. Such a trigger may come from an India-US trade deal with tariffs on India pegged at around 20 percent. If this happens, can it trigger a sustained rally in the market? Unlikely. A sustained rally in the market needs earnings support. There are no signs of a strong earnings support and earnings growth visibility. Two big segments of the market – IT services and consumption, particularly FMCG – are struggling with tepid earnings.”“There are green shoots of earnings recovery in FMCG but IT services continue to struggle. This means earnings growth for FY26 will be around 10 percent only. This is the biggest challenge being faced by the market now. Therefore, investors can be stock- specific, focusing on stocks where growth prospects and earnings visibility are bright.”Asian equities declined at Wednesday’s opening following mixed US inflation data, causing investors to reduce expectations of Federal Reserve rate cuts.The Nasdaq Composite reached a new record close on Tuesday, bolstered by rising Nvidia shares. However, other Wall Street indices declined as investors remained unimpressed by inflation data and bank earnings reports.Gold prices increased on Wednesday as market participants analysed US consumer price data and sought clarity regarding US President Donald Trump’s trade strategies.Oil prices strengthened on Wednesday, driven by anticipated stable demand from the US and China, amidst positive economic indicators. (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)
