Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, opened in red on Monday. While Nifty50 was near 25,000, BSE Sensex was above 82,200. At 9:16 AM, Nifty50 was trading at 25,000.45, down 19 points or 0.077%. BSE Sensex was at 82,209.09, down 122 points or 0.15%.Indian equity markets showed strong performance last week, with analysts anticipating continued positive momentum amid stabilising geopolitical conditions, advancement in trade deals, and strengthening macroeconomic indicators.VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “The prime mover of the ongoing rally in the Indian market is the sustained FII inflows of around 23800 so far this month. Of course, the decline in global trade tensions, the rally in global markets led by the US and the India-Pak ceasefire have created the setting for this rally. FII inflows can continue and the domestic mutual funds sitting on huge cash piles will be eager to buy any dip in the market. This will impart resilience to the market even when valuations are getting stretched.” “An apparently perplexing trend from the last trading day is that the market declined despite 14018 crores of institutional buying ( FIIs plus DIIs). This indicates that FIIs are increasing their short positions in the derivatives market. So expect more volatility ahead. An important trend in the market is the sharp rally in defence stocks. Even though this segment has bright medium to long-term prospects, their valuations have become excessive and , therefore, investors have to be extremely cautious.Some profit booking in this segment would be appropriate.US stocks advanced for the fifth consecutive session on Friday, supported by the US-China trade agreement, despite declining consumer confidence indicators.Following Moody’s US credit rating downgrade to Aa1 from Aaa on Friday, US stock futures declined 0.7%. The dollar index fell 0.3%, while Treasury yields remained stable early Monday. Regional markets showed weakness.Oil prices stayed largely unchanged on Monday as traders monitored Iran-U.S. nuclear negotiations and awaited crucial economic indicators from China to evaluate commodities demand following trade disputes with the United States.Gold prices increased by more than 1% on Monday, influenced by a weaker dollar. U.S. Treasury Secretary Scott Bessent’s confirmation of President Donald Trump’s tariff threats enhanced safe-haven appeal during renewed trade tensions.Foreign portfolio investors purchased shares worth Rs 8,831 crore net on Friday. Domestic institutional investors were net buyers at Rs 5187 crore.(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)
