Stock market today: Nifty50 near 25,300; BSE Sensex up over 180 points


Stock market today: Nifty50 near 25,300; BSE Sensex up over 180 points
Market experts anticipate range-bound trading ahead, as investors monitor second-quarter results and international tariff situations. (AI image)

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Tuesday. While Nifty50 was near 25,300, BSE Sensex was up over 180 points. At 9:19 AM, Nifty50 was trading at 25,291.80, up 64 points or 0.26%. BSE Sensex was at 82,508.52, up 181 points or 0.22%.Market experts anticipate range-bound trading ahead, as investors monitor second-quarter results and international tariff situations.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “A significant takeaway from the last one year market performance is the outperformance of large caps (Nifty up by 1.05%) and the underperformance of smallcaps ( Nifty Smallcap index down by 4.77%). Equally significant is the outperformance of PSU banks ( Nifty PSU bank index up by 16.77%) and the huge underperformance of IT ( Nifty IT down by 16.5%).“One common feature in these trends is the valuation. IT stocks, particularly the largecaps, are viewed as overvalued by the market since they are facing many headwinds and some strong structural issues. On the other hand PSU stocks have been trading at very low valuations despite decent growth and robust balance sheets. This anomaly in valuations has been corrected by the market. This trend is likely to continue. However, in growth stocks like digital companies and renewable energy, their long-term growth potential will continue to attract investment despite high valuations. With Muhurat trading approaching, there is room for a mild rally.”US stock indices finished notably higher on Monday, driven by Broadcom and other semiconductor companies, after President Donald Trump’s conciliatory stance on US-China trade relations alleviated investor concerns.Gold reached unprecedented levels on Tuesday due to heightened US-China trade tensions, which increased uncertainty and drove investors towards safe-haven assets. The anticipation of US interest rate reductions provided additional support, whilst silver also achieved its highest value ever.Foreign portfolio investors sold shares worth Rs 240 crore net on Monday, whilst domestic institutional investors made net purchases of Rs 2,333 crore.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)





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