Indian Stock Market Shows Resilience
After a significant downturn, the Indian stock market has shown signs of recovery. The BSE Sensex and Nifty50, key indicators of the Indian equity market, opened in positive territory. The BSE Sensex was observed at 76,687.97, marking an increase of 358 points or 0.47%, while the Nifty50 was at 23,199.55, up by 114 points or 0.49%.
Market Volatility and External Influences
Market experts are forecasting continued volatility, influenced by various factors including the 2025 budget, Q3 results, RBI policy decisions, and the policy directions of the Trump administration. The Nifty index is showing signs of underlying trend weakness, with potential support levels around 22,800-22,700.
Global Market Trends
US markets presented a mixed performance, with the Nasdaq experiencing declines while the S&P 500 saw marginal gains amidst elevated Treasury yields. In Asia, markets showed varied movements, with Sydney trading higher and Tokyo slightly lower.
Investor Activity
Foreign portfolio investors turned to selling, with net outflows of Rs 4,893 crore on Monday. In contrast, domestic institutional investors engaged in strong buying activity, acquiring shares valued at Rs 8,066 crore. The net short positions of foreign institutional investors expanded from Rs 2.77 lakh crore on Friday to Rs lakh crore on Monday.
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