According to market experts, the overall sentiment continues to be weak. (AI image)
Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, opened in red in trade on Thursday. While Nifty50 was below 25,800, BSE Sensex was down around 150 points. At 9:16 AM, Nifty50 was trading at 25,784.80, down 34 points or 0.13%. BSE Sensex was at 84,412.18, down 147 points or 0.17%.According to market experts, the overall sentiment continues to be weak, with Nifty likely finding support near 25700-25650 in the near term before staging a recovery. Any upward movement could face strong resistance at 25950-26000 levels.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “The trend of weakening AI trade is gathering pace in the US market. This trend is likely to continue in early 2026, and this will favor non-AI markets like India. An interesting takeaway from yesterday’s trade is that despite FII buying and net institutional buying the market drifted down. The reason might be the FIIs increasing their short positions in the market. This means, in the near-term, FIIs will resort to a sell on rally strategy.” US stock markets finished lower on Wednesday, with S&P 500 and Nasdaq reaching three-week lows as concerns over AI-related stocks impacted the technology sector.Asian equities started lower, following US market decline as global sentiment turned risk-averse with technology concerns affecting stocks while supporting short-term Treasuries and precious metals.Foreign portfolio investors disposed of shares valued at Rs 1,172 crore on Wednesday. Domestic institutional investors acquired shares worth Rs 769 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)
