Stock market today (AI image)

Stock market today: After deep cuts towards the end of last week, Nifty50 and BSE Sensex, opened in red on Monday. While Nifty50 was below 25,450, BSE Sensex dropped over 100 points in opening trade. At 9:16 AM, Nifty50 was trading at 25,434.35, down 37 points or 0.14%. BSE Sensex was at 82,520.90, down 106 points or 0.13%.Last week, Nifty and Sensex closed in red, with benchmark indices slipping about 1% as concerns over artificial intelligence-led disruption and heavy selling in technology stocks weighed on investor sentiment. Analysts said that with technology shares undergoing repricing and uncertainty surrounding AI-driven disruption persisting, investors should adopt a selective and risk-managed investment approach.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “The IT sell-off last week will continue to weigh on markets in the near-term. The mild recovery in IT ADRs on Friday is unlikely to support IT stocks. Institutions are likely to continue selling IT stocks and switch to sectors like financials, automobiles, capital goods, telecom and pharma where there is good earnings growth visibility. Brent crude is delicately balanced at around $68 on the concerns surrounding the geopolitical tensions between US and Iran. This has to be closely watched. Investors can use the current volatility in the market to churn portfolios in favour of growth sectors like those mentioned earlier. Overall, the market prospects for 2026 appear good since fundamentals are improving and valuations have turned reasonable in tune with long-term averages. Mid and small caps, though relatively overvalued, are reporting better-than-expected earnings.”In the United States, the S&P 500 ended marginally higher on Friday after inflation data indicated easing price pressures. However, the Nasdaq finished lower as major technology and communication services stocks declined amid continuing concerns about the potential impact of artificial intelligence on existing business models.Asian markets traded in a narrow range, alternating between modest gains and losses. Softer US inflation data strengthened expectations that the Federal Reserve could lower interest rates later this year, helping stabilize sentiment after recent volatility linked to AI-related disruption fears.Foreign portfolio investors remained net sellers, offloading equities worth Rs 7,395 crore on Friday. Domestic institutional investors, in contrast, were net buyers, purchasing shares worth Rs 5,554 crore, according to exchange data.(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)