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)





Source link

  • Related Posts

    Amazon Layoffs: After cutting 57,000 corporate jobs in last three years, Amazon is laying off employees in the division that VP Scott Dresser says remains “strategic priority” |

    Amazon has laid off at least 100 employees in its robotics division—the unit that designs and builds automation systems for its warehouse network. The cuts are the latest in a…

    “I’m 32 and my body has started sending me bills for my 20s”: Redditor shares his wake-up call for poor work-life balance

    Picture this: You’re in your 20s, powering through endless work nights on just five hours of sleep, hunched over a laptop on your bed, fueled by instant noodles because deadlines…

    प्रातिक्रिया दे

    आपका ईमेल पता प्रकाशित नहीं किया जाएगा. आवश्यक फ़ील्ड चिह्नित हैं *

    hi_INहिन्दी