Stock Market Update: Nifty50 and BSE Sensex Show Strong Start

Markets are expected to stay stable, thanks to lower geopolitical tensions and good domestic signs. (AI image)

Indian Stock Market Opens High

Nifty50 and BSE Sensex, India’s top stock market indices, started strong on Wednesday. They followed global trends and showed positive movements.

Today’s Market Numbers

• Nifty50 opened at 25,126.60, up by 82 points or 0.33%.
• BSE Sensex began at 82,352.51, up by 297 points or 0.36%.

Market Stability Expected

Experts predict the market will remain stable. This is due to lower geopolitical tensions and positive domestic signs.

Expert Opinions

VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, shared his thoughts:

• The market has stayed strong despite big challenges like the West Asian crisis.
• Foreign investors have been buying during crises and selling afterwards.
• Indian investors have been steady buyers, thanks to continuous flows into mutual funds.

Where to Invest

Vijayakumar also pointed out some good investment opportunities:

• Stocks in the capital market segment look promising.
• Sectors like aviation and telecom are good bets.
• Premium sectors like hotels, cars, and jewellery are good for long-term investors.

Global Market Trends

US stocks gained over 1% on Tuesday. Investors reacted well to the temporary peace between Israel and Iran. They also analyzed Federal Reserve Chair Jerome Powell’s statements.

Asian Markets and Commodities

• Asian stocks opened carefully as the Israel-Iran ceasefire held.
• Oil prices went up a bit on Wednesday, recovering from earlier drops.
• Gold prices stayed stable despite lower safe-haven appeal due to the temporary peace.

Investor Activities

On Tuesday, foreign investors sold shares worth Rs 5,266 crore. Meanwhile, Indian investors bought shares worth Rs 5,209 crore.

Foreign investors’ position in the futures market went up from a net short of Rs 1.02 crore on Monday to Rs 1.09 lakh crore on Tuesday.

Disclaimer: The views and recommendations on the stock market and other asset classes given by experts are their own. These do not represent the views of The Times of India.