Stock market today: Nifty50 opens flat; BSE Sensex near 81,800
Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, opened in green on Thursday. While Nifty50 was above 25,050, BSE Sensex was just below 81,800. At 9:16 AM, Nifty50 was trading at 25,059.40, up 13 points or 0.053%. BSE Sensex was at 81,796.87, up 23 points or 0.028%.According to analysts, markets are expected to trade within a range, influenced by global factors and second-quarter financial results.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “The results season starting today will be keenly watched by the market. IT stocks have witnessed some recovery from the bottom, but the headwinds for the segment continue to be strong. Banking stocks have largely remained range bound on muted earnings expectations. The NIM pressure and rising delinquencies in the unsecured loan segments will weigh on banking results generally. So, watch out for the out-performers in the segment.” “Overall Q2 earnings are likely to remain pedestrian and, therefore, the market will be looking more at the developments in the real market for goods like automobiles and consumer electronics. There are encouraging reports of robust demand for these goods and this will translate into good results from Q3 and beyond. Digital platform companies have been displaying resilience in recent days. The market is giving support to these segments on expectations of a long runway of sustained growth for these stocks.“US equities finished higher on Wednesday, driven by technology sector gains. With limited economic data available during the government shutdown, investors focused on Federal Reserve meeting minutes for rate outlook insights.Asian markets opened higher, following Wall Street’s new records driven by AI-related stocks. Oil prices declined during early trading on Thursday following an agreement between Israel and Hamas regarding the initial phase of a Gaza war resolution plan, leading investors to sell as geopolitical risk premiums reduced.Foreign portfolio investors purchased shares worth Rs 81 crore net on Wednesday. Domestic institutional investors were net purchasers at Rs 330 crore.(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)