Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Thursday. While BSE Sensex was above 74,100, Nifty50 was near 22,500. At 9:18 AM, BSE Sensex was trading at 74,151.24, up 121 points or 0.16%. Nifty50 was at 22,494.00, up 24 points or 0.10%.
On Wednesday, domestic indices closed slightly lower with increased volatility, influenced by escalating US trade tensions. The markets may respond positively to reduced retail inflation figures and improved industrial production data. Analysts anticipate range-bound trading with continued volatility and shifting sector focus.
Ajit Mishra – SVP, Research, Religare Broking Ltd says, “Despite weak global cues, markets are displaying resilience, though pressure in key sectors is limiting the upside. Further consolidation is likely in the coming sessions, with heightened volatility expected due to the weekly expiry. Traders should maintain a stock-specific approach, focusing on large caps and prominent midcaps.”
US markets advanced following lower-than-anticipated inflation data, though gains were limited by concerns over President Trump’s expanding trade disputes.
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Asian markets showed positive movement on Thursday after US inflation data came in below expectations, helping recover from previous losses.
Gold prices increased on Thursday, driven by ongoing tariff uncertainties that boosted safe-haven investments. Additionally, lower-than-anticipated US inflation figures supported precious metals by reinforcing prospects of interest rate reductions.
Foreign portfolio investors registered net sales of Rs 1,628 crore on Wednesday, whilst domestic institutional investors acquired shares worth Rs 1,510 crore.
FIIs’ net short position increased to Rs 1.83 lakh crore on Wednesday from Rs 1.78 lakh crore on Tuesday.