Indian Stock Markets Open Higher on Positive Global Trends
Indian equity markets started Thursday's trading session on a positive note, with both the Nifty50 and BSE Sensex registering gains. This upward movement was primarily fueled by optimistic global market cues, although investor sentiment remained cautious due to ongoing trade-related uncertainties.
Market Performance Details
At 9:18 AM, the Nifty50 was trading at 25,547.25, marking an increase of 65 points or 0.25%. Meanwhile, the BSE Sensex stood at 82,467.65, up by 192 points or 0.23%. These figures indicate a steady rise in the early hours of trading, building on the momentum from the previous session.
On Wednesday, equity markets had also moved higher, supported by firm global cues. However, analysts have noted that markets are expected to remain range-bound in the near term, reflecting the guarded optimism among investors.
Institutional Investor Activity
Foreign portfolio investors (FPIs) were net buyers of equities worth Rs 2,991 crore on Wednesday. Additionally, domestic institutional investors (DIIs) remained positive, purchasing shares worth Rs 5,119 crore. This robust buying activity from both foreign and domestic institutions has provided significant support to the market rally.
Global Market Influences
Wall Street ended Wednesday's session on a positive note, extending a technology-driven rally and reaching two-week highs. The rally was driven by eased concerns over the cost and disruption risks associated with artificial intelligence, coupled with renewed optimism about its long-term potential.
In Asia, markets rose for a fourth consecutive session as volatility linked to artificial intelligence concerns subsided. However, the gains were limited as markets reacted cautiously to Nvidia Corp.'s strong sales outlook, indicating a measured approach among global investors.
Other Asset Classes
Meanwhile, gold prices edged higher on Thursday, supported by a weaker dollar and safe-haven demand. This increase comes amid uncertainty over US tariff policies and ongoing US-Iran negotiations, highlighting the broader economic uncertainties affecting various asset classes.
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