Indian Equity Markets Open Strong

Today, the Indian equity benchmark indices, BSE Sensex and Nifty50, opened in the green, with the Sensex crossing the 80,200 mark and Nifty50 surpassing 24,350. By 9:21 AM, the Sensex was trading at 80,140.02, up by 544 points or 0.68%, while Nifty50 stood at 24,326.10, up by 159 points or 0.66%.

Global Factors Influencing the Market

Despite global market uncertainties, Indian markets closed positively on Tuesday, buoyed by sustained buying activity and supportive measures from the RBI. Experts attribute the upward momentum to potential India-US trade agreements, continuous FII investments, and favorable central bank policies.

Market experts anticipate continued upward momentum based on potential India-US trade agreements. (AI image)

Expert Insights

Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, commented on the resilience of the Indian economy and markets in the face of geopolitical tensions, highlighting the favorable fundamental factors and the calming effect of recent US political developments on global markets.

Commodities and Currencies

Gold prices saw a decline following positive signals in US-China trade relations, while the US dollar strengthened. Oil prices continued their upward trend, reflecting optimism in global markets.

Investment Trends

Foreign portfolio investors were net purchasers, injecting Rs 1,290 crore into the market, whereas DIIs offloaded shares worth Rs 885 crore. The net short position of FIIs showed a slight increase, indicating a cautious yet optimistic market sentiment.