Indian Stock Market Today: BSE Sensex and Nifty50 Soar
Indian Equity Indices Surge Due to Positive Global Market Sentiment
On Tuesday, the Indian equity benchmark indices, BSE Sensex and Nifty50, experienced a strong rally. The BSE Sensex increased by over 800 points, and the Nifty50 surpassed the 22,700 mark. At 10:14 AM, the BSE Sensex was trading at 74,973.68, up 804 points or 1.08%. The Nifty50 was at 22,743.60, up 235 points or 1.04%.
Global Market Sentiment Lifts Indian Markets
- US markets rebounded on Friday
- Asian markets closed higher due to China’s consumption boost plans
Investors are eagerly awaiting crucial interest rate decisions from the US Federal Reserve and Bank of Japan on Wednesday, followed by the Bank of England on Thursday.
Expected Interest Rate Maintenance by the Federal Reserve
Experts predict that the Federal Reserve will maintain current interest rates, following its previous meeting’s position, due to potential inflation risks from US tariff policies.
Market Outlook by Dr. V K Vijayakumar of Geojit Financial Services
“Indications suggest that the market has bottomed out, although further corrections cannot be completely ruled out. Positive domestic cues like FY25 Q3 GDP growth rebounding to 6.2%, a spike in the IIP by 5.1%, an increase in gross tax collection by 16%, a declining trade deficit, and a drop in CPI inflation to 3.6% are positive macro trends for the market. However, these domestic tailwinds may not be strong enough to sustainably take the market to higher levels due to global headwinds from tariff wars. The market is likely to move in a range in the near-term without a sharp breakout or breakdown.”
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US Stock Market Rises for Two Consecutive Days
The US stock market rose for two consecutive days on Monday as bargain hunters emerged following four weeks of decline in the Nasdaq and S&P 500, while evaluating economic data to understand the impacts of Trump administration policies.
Asian Equities Advance on Positive Chinese Economic Outlook
Asian equities advanced, supported by a positive Chinese economic outlook and US data alleviating recession worries.
Gold Stable Near $3,000
Gold remained stable near $3,000 on Tuesday, close to its record peak achieved last week, while traders awaited the US Federal Reserve’s policy announcement to assess the nation’s economic prospects amidst ongoing tariff and trade concerns.
FPIs Record Net Sales of Rs 4,488 Crore on Monday
FPIs registered net sales of Rs 4,488 crore on Monday, while DIIs acquired shares valued at Rs 6,001 crore.
