Stock market today : Nifty50 and BSE Sensex , the Indian equity benchmark indices, rallied strongly in trade on Thursday afternoon after a volatile first half. While Nifty50 crossed the 25,000 mark, BSE Sensex went above 82,600. At 2:05 PM, Nifty50 was trading at 25,068.60, up 402 points or 1.63%. BSE Sensex was at 82,611.01, up 1,280 points or 1.57%.
Market experts anticipate continued positive trends in Indian markets, backed by reduced geopolitical risks, developments in trade deals, and strengthening macroeconomic indicators.
The top Nifty50 gainers at this hour were Hero MotoCorp, JSW Steel, HCL Tech, Tata Motors, and Shriram Finance. IndusInd Bank was the only loser.
VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “The market appears to be heading for a near-term consolidation phase with the mid and smallcaps outperforming. The sustained robust FII buying which lifted the largecaps is likely to weaken in the new context of trade deal emerging between US and China. The possibility of a ‘Sell India; Buy China’ tactical FII trade cannot be ruled out now. This will weigh on largecaps and strengthen the case for further rally in mid and smallcaps, despite the valuation concerns.
“The defence stocks are again witnessing renewed buying after the prime minister’s appreciation of the performance of made in India defence weapons. The medium to long-term prospects of defence companies, particularly those of exporters, look bright. However, the valuations of these stocks are high and , therefore, investors have to be cautious."
Global markets and US futures declined on Thursday following mixed performance on Wall Street. Crude oil prices decreased approximately $2 per barrel.
Following the temporary trade war truce with Washington, China initiated steps to withdraw certain 'non-tariff' restrictions against the US, whilst most markets demonstrated limited movement.
S&P 500 futures declined 0.3%, whilst the Dow Jones Industrial Average futures decreased 0.5%.
In European markets, Germany's DAX reduced 0.8% to 23,344.95, the CAC 40 in Paris fell 0.4% to 7,804.46, and Britain's FTSE 100 declined 0.5% to 8,540.97.
In Asia, the Japanese Nikkei 225 index fell 1% to 37,7755.51, with semiconductor-related shares leading the decline. Disco Corp. dropped 3.2% and Advantest decreased 1.1%.
The Hong Kong Hang Seng index fell 1.1% to 23,382.26, whilst the Shanghai Composite decreased 0.7% to 3,380.82. Taiwan's Taiex dropped 0.2%, matching the decline in India's Sensex.
(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
Market experts anticipate continued positive trends in Indian markets, backed by reduced geopolitical risks, developments in trade deals, and strengthening macroeconomic indicators.
The top Nifty50 gainers at this hour were Hero MotoCorp, JSW Steel, HCL Tech, Tata Motors, and Shriram Finance. IndusInd Bank was the only loser.
VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “The market appears to be heading for a near-term consolidation phase with the mid and smallcaps outperforming. The sustained robust FII buying which lifted the largecaps is likely to weaken in the new context of trade deal emerging between US and China. The possibility of a ‘Sell India; Buy China’ tactical FII trade cannot be ruled out now. This will weigh on largecaps and strengthen the case for further rally in mid and smallcaps, despite the valuation concerns.
“The defence stocks are again witnessing renewed buying after the prime minister’s appreciation of the performance of made in India defence weapons. The medium to long-term prospects of defence companies, particularly those of exporters, look bright. However, the valuations of these stocks are high and , therefore, investors have to be cautious."
Global markets and US futures declined on Thursday following mixed performance on Wall Street. Crude oil prices decreased approximately $2 per barrel.
Following the temporary trade war truce with Washington, China initiated steps to withdraw certain 'non-tariff' restrictions against the US, whilst most markets demonstrated limited movement.
S&P 500 futures declined 0.3%, whilst the Dow Jones Industrial Average futures decreased 0.5%.
In European markets, Germany's DAX reduced 0.8% to 23,344.95, the CAC 40 in Paris fell 0.4% to 7,804.46, and Britain's FTSE 100 declined 0.5% to 8,540.97.
In Asia, the Japanese Nikkei 225 index fell 1% to 37,7755.51, with semiconductor-related shares leading the decline. Disco Corp. dropped 3.2% and Advantest decreased 1.1%.
The Hong Kong Hang Seng index fell 1.1% to 23,382.26, whilst the Shanghai Composite decreased 0.7% to 3,380.82. Taiwan's Taiex dropped 0.2%, matching the decline in India's Sensex.
(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
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