Indian Stock Market Opens Positively

On Thursday, the Indian stock market showcased its resilience as both the BSE Sensex and Nifty50 opened in the green. The BSE Sensex was observed above 74,100, while the Nifty50 hovered near the 22,500 mark. Specifically, at 9:18 AM, the BSE Sensex was trading at 74,151.24, marking an increase of 121 points or 0.16%. Similarly, the Nifty50 was at 22,494.00, up by 24 points or 0.10%.

Market Dynamics and Analyst Insights

The previous day, domestic indices experienced a slight decline amidst heightened volatility, influenced by escalating US trade tensions. However, the markets are expected to respond favorably to recent data indicating reduced retail inflation and improved industrial production. Analysts predict a phase of range-bound trading, characterized by continued volatility and a shifting focus across sectors.

Ajit Mishra, SVP of Research at Religare Broking Ltd, commented, "Despite weak global cues, markets are displaying resilience, though pressure in key sectors is limiting the upside. Further consolidation is likely in the coming sessions, with heightened volatility expected due to the weekly expiry. Traders should maintain a stock-specific approach, focusing on large caps and prominent midcaps."

Global Market Reactions

US markets saw an uptick following lower-than-anticipated inflation data, although gains were tempered by concerns over President Trump's expanding trade disputes. Meanwhile, Asian markets exhibited positive movement on Thursday, recovering from previous losses after US inflation data came in below expectations.

Commodities and Investments

Gold prices experienced an increase on Thursday, driven by ongoing tariff uncertainties that have bolstered safe-haven investments. Additionally, lower-than-anticipated US inflation figures have supported precious metals by reinforcing prospects of interest rate reductions.

In terms of investments, foreign portfolio investors registered net sales of Rs 1,628 crore on Wednesday, whilst domestic institutional investors acquired shares worth Rs 1,510 crore. The net short position of FIIs increased to Rs 1.83 lakh crore on Wednesday from Rs 1.78 lakh crore on Tuesday.