Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Wednesday. While Nifty50 went above 25,800, BSE Sensex was up over 400 points. At 9:17 AM, Nifty50 was at 25,813.80, up 119 points or 0.46%. BSE Sensex was at 84,286.87, up 416 points or 0.50%.Analysts anticipate favorable Q2 results, bolstered by strong performance in the broader market. Near-term market direction will hinge on the ongoing earnings season and progress on the US–India trade discussions, they say.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “Sentiments have turned for the better with news of an India-US trade deal getting finalized soon and the exit polls indicating a decisive victory for the NDA in Bihar. This will strengthen the bulls but is not good enough for the markets to stage a decisive breakout and sustained rally. Going by the present trends, FIIs are likely to sell again at higher levels. So long as the AI trade continues a sustained reversal of FII money appears unlikely.” “From the fundamental perspective, there is room for optimism since GDP growth is robust and earnings growth for FY27 appears bright. Financials, consumption and defense stocks have the potential to lead the next leg of the rally.”US equities showed mixed results on Tuesday, with Nvidia and AI-related stocks declining due to valuation concerns, whilst investors watched developments regarding the US government shutdown.Asian equities moved higher, with broad-based gains except in technology stocks. Treasury yields decreased across maturities as trading resumed, following US private-sector employment data suggesting labor market cooling, increasing expectations for Federal Reserve rate cuts.Crude oil prices showed minimal movement on Wednesday, following gains in the previous session. Gold advanced for the fourth consecutive session on Wednesday, supported by a declining dollar. Foreign portfolio investors sold shares worth Rs 803 crore net on Tuesday. Domestic institutional investors were net purchasers at Rs 2,188 crore.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
