Stock Market Update Today: BSE Sensex Soars Over 500 Points, Crosses 80,000; Nifty50 Above 24,300
BSE Sensex surged over 500 points, crossing the 80,000 mark, while Nifty50 climbed above 24,300 in today's stock market update. Experts predict continued growth driven by strong FII inflows and potential India-US trade agreements. Get the latest market trends and insights here.
Nifty
The Indian stock market opened in the green on Wednesday, with the BSE Sensex surging over 500 points, crossing the 80,000 level, and the Nifty50 climbing above 24,300. At 9:21 AM, the Sensex was trading at 80,140.02, up 544 points (0.68%), while the Nifty50 stood at 24,326.10, gaining 159 points (0.66%).
The positive momentum in Indian equity markets follows strong buying activity and accommodative measures by the Reserve Bank of India, despite global market uncertainties. Analysts believe the market will continue its upward trend, driven by expectations of potential India-US trade agreements, sustained Foreign Institutional Investor (FII) inflows, and supportive central bank policies.
Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments, noted that terrorist attacks, while tragic, do not significantly affect India's economy or markets. He emphasised that Pakistan's political instability and weak economy pose no threat to India, and the positive sentiment surrounding US President Trump's decision not to remove the Fed chair has eased global concerns. Vijayakumar also highlighted that ongoing FII buying remains a strong support for Indian markets.
On the global front, US equities recovered on Tuesday, fueled by strong corporate earnings and positive signals regarding US-China trade relations. Meanwhile, gold prices fell as Trump eased tensions over the Federal Reserve, and the US dollar strengthened.
In the commodity markets, oil prices rose by nearly 1% during early Wednesday trading.
Foreign portfolio investors (FPIs) were net buyers of Rs 1,290 crore on Tuesday, while domestic institutional investors (DIIs) sold shares worth Rs 885 crore.
The positive sentiment in Indian markets reflects strong fundamentals, with a steady flow of foreign investments and a supportive policy environment. However, experts warn that the market could soon enter overbought territory, potentially inviting profit-taking.
Stay updated with the latest business news and market insights.
