Stock market today: BSE Sensex opens 200 points down; Nifty50 below 24,300
Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Thursday. While BSE Sensex went below 80,000, Nifty50 was below 24,300. At 9:16 AM, BSE Sensex was trading at 79,924.90, down 192 points or 0.24%. Nifty50 was at 24,284.00, down 45 points or 0.18%.
Stock markets continued their upward momentum for the seventh straight session on Wednesday, reaching a four-month peak, driven by consistent Foreign Institutional Investor purchases and positive global market sentiment following favourable developments in the United States.
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Market experts anticipate further gains in Indian equities, supported by sustained buying interest and positive domestic factors, whilst monitoring US tariff-related developments.
US equities advanced on Wednesday as optimism grew regarding US-China trade relations, whilst President Donald Trump alleviated concerns about Federal Reserve independence, stating he has “no intention of firing” Fed Chair Jerome Powell.
Asian equities displayed constrained movement during Thursday’s opening session, with the global recovery momentum slowing following unclear indications from the Trump administration regarding Chinese tariff plans.
Gold prices increased on Thursday as investors seized buying opportunities following one-week lows in the previous session, influenced by US President Trump’s assurances about retaining Federal Reserve Chair Jerome Powell and his statements on China trade discussions.
The dollar paused on Thursday after a significant rise. Oil values increased slightly early Thursday, recovering from nearly 2% decline in the previous session, as market participants evaluated potential OPEC+ production increases against mixed tariff signals from the White House and continuing US-Iran nuclear negotiations.
Foreign portfolio investors became net buyers at Rs 3,333 crore on Wednesday. DIIs divested shares worth Rs 1234 crore.
FIIs’ net short position decreased from Rs 78,335 crore on Tuesday to Rs 70,771 crore on Wednesday.
