Market analysts anticipate consolidation with an upward trend, backed by RBI’s monetary policy, consistent domestic fund flows. (AI image)

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Monday. While Nifty50 was above 25,150, BSE Sensex was near 86,650. At 9:19 AM, Nifty50 was trading at 26,157.10, down 29 points or 0.11%. BSE Sensex was at 85,661.37, down 51 points or 0.060%.Market analysts anticipate consolidation with an upward trend, backed by RBI’s monetary policy, consistent domestic fund flows and growing likelihood of a US Federal Reserve rate reduction.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “Emerging positive and negative news have the potential to keep the market volatile in the near-term. Robust economic growth and indications of earnings growth revival are supportive of markets. The massive fiscal and monetary stimulus to the economy this year has contributed to sharp revival in GDP growth as evidenced by the 8.2% Q2 GDP growth print, and RBI’s upward revision of FY 26 GDP growth to 7.3% augurs well for the market. Low GDP deflator, consequent to low inflation, has impacted nominal GDP growth and corporate earnings growth. But from the leading indicators it is clear that about 15% earnings growth is achievable in FY 27. This is positive for the market.”“However, there are strong negatives, too, which can impact the market. Sustained depreciation of the rupee has been forcing FIIs to sell in the market continuously. Another major factor is the spike in Japanese bond yields which can trigger another bout of reversal of yen carry trade. In brief, there is potential for high volatility.”US markets recorded moderate gains on Friday, influenced by economic indicators that strengthened predictions of a Federal Reserve rate reduction next week. Post the 43-day governmental closure, investors evaluated delayed reports whilst examining secondary economic indicators. Commerce Department data revealed September’s consumer spending, comprising over two-thirds of US economic activity, increased 0.3%, matching Reuters poll predictions, while August’s growth was adjusted downward to 0.5%.Asian equities began cautiously as investors assess worsening China-Japan diplomatic relations, numerous central bank announcements and overall risk asset prospects for the upcoming year.Crude oil prices remained at two-week peak levels on Monday, with investors anticipating a Federal Reserve interest rate reduction this week.On Friday, foreign portfolio investors recorded net sales of Rs 438.9 crore. Domestic institutional investors showed net purchases of Rs 4,189 crore.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)