Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Tuesday. While BSE Sensex opened over 400 points up, Nifty50 was above 22,600. At 9:16 AM, BSE Sensex was trading at 74,580.59, up 411 points or 0.55%. Nifty50 was at 22,634.45, up 126 points or 0.56%.
Indian markets advanced on Monday following positive global market sentiment, with US markets showing recovery on Friday and Asian markets closing higher due to China’s consumption boost plans. Investors await crucial interest rate decisions from the US Federal Reserve and Bank of Japan on Wednesday, followed by the Bank of England on Thursday.
Experts anticipate the Federal Reserve to maintain current interest rates, continuing its previous meeting’s position, considering potential inflation risks from US tariff policies.
Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services says, “Broad indications are that the market has bottomed out even though further corrections cannot be completely ruled out. Positive domestic cues like rebound on FY25 Q3 GDP growth to 6.2%, spurt in the IIP by 5.1%, increase in gross tax collection by 16%, declining trade deficit and more importantly decline in CPI inflation to 3.6% are positive macro trends which augur well for the market. But these domestic tailwinds are not strong enough to take the market to higher levels on a sustained basis since the global headwinds from tariff wars will counter the domestic tailwinds. Hopes of growth revival in China coupled with the cheap valuations of Chinese stocks have triggered foreign capital inflows into China. This has triggered FII selling in emerging markets, particularly India where the valuations are relatively expensive. Market is likely to move in a range in the near-term without a sharp break out or break down.”
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The US stock market rose for two consecutive sessions on Monday as bargain hunters emerged following four weeks of decline in Nasdaq and S&P 500, whilst evaluating economic data to understand Trump administration policy impacts.
Asian equities advanced, supported by positive Chinese economic outlook and US data alleviating recession worries.
Gold remained stable near $3,000 on Tuesday, close to its record peak achieved last week, whilst traders awaited the US Federal Reserve’s policy announcement to assess the nation’s economic prospects amidst ongoing tariff and trade concerns.
FPIs registered net sales of Rs 4,488 crore on Monday, whilst DIIs acquired shares valued at Rs 6,001 crore.
FIIs’ net short position decreased from Rs 1.84 lakh crore on Friday to Rs 1.71 lakh crore on Monday.
