Stock Market Today: Nifty50 and Sensex Open Lower

Market experts believe Thursday’s trading will be shaped by global events. (AI image)

Market Overview

The Indian stock market started Thursday on a low note. Global trends influenced this opening. The Nifty50 and BSE Sensex, two major indices, both dropped.

Current Market Status

• Nifty50 hovered around 24,800 points.
• BSE Sensex stood below 81,450 points.

At 9:17 AM, the Nifty50 was at 24,803.25. It had dropped by 9 points, or 0.035%. The BSE Sensex was at 81,410.63. It had fallen by 34 points, or 0.042%.

Factors Affecting the Market

Several global factors are likely to shape Thursday’s trading. These include:

• The Federal Reserve’s policy decisions.
• Geopolitical developments.

Expert Views

VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, shared his thoughts on the current market:

• The Nifty is expected to stay between 24,500 and 25,000 points. This range will likely hold until there’s news about the Israel-Iran conflict.
• If tensions ease, the Nifty could rise above this range.
• If tensions increase, especially in the Strait of Hormuz, crude oil prices could surge. This would make it hard for the Nifty to stay above 24,500 points.

Vijayakumar also discussed the Federal Reserve’s decisions. He noted that Fed Chairman Jerome Powell said the economy is strong despite uncertainty. However, Powell warned that tariffs could cause lasting inflation. So, we shouldn’t expect immediate rate cuts from the Fed.

Global Market Trends

US markets showed little change on Wednesday. They lost early gains after Powell’s comments. He said consumer goods prices would likely rise in the summer due to President Donald Trump’s tariffs.

Asian markets fell on Thursday. This followed Powell’s comments about expected inflation increases in the coming months.

Commodity Market Updates

Gold Prices

Gold prices rose on Thursday. Uncertainty in the Middle East drove safe-haven interest. However, gains were limited as investors considered the Fed’s hint at slower rate cuts.

Oil Prices

Oil prices fell on Thursday. Investors were cautious about new positions. This was due to Trump’s unclear stance on potential involvement in the Israel-Iran situation.

Investor Activity

Foreign investors sold shares worth Rs 891 crore on Wednesday. The futures market position of Foreign Institutional Investors (FIIs) changed from Rs 99,483 crore net short on Tuesday to Rs 99,183 crore on Wednesday.

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